By Calvin Biesecker Lockheed Martin [LMT] yesterday said that its board of directors has elected Chris Kubasik, who is head of the company's Electronic Systems business area, to be president and chief operating officer (COO) beginning Jan. 1, 2010, in charge of overseeing day-to-day operations at the nation's top defense contractor. Bob Stevens, 58, Lockheed Martin's chairman, president and CEO, will be shifting his responsibilities somewhat to spend more time focusing on high level customer needs. He will also continue…
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Congress Updates
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COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]
Trump Wants Second Reconciliation Bill On His Desk By June 1
President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]
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Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]