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Lockheed Martin’s Stevens Reiterates European Investment Call, Listening

LONDON--The man at the helm of the top U.S. defense firm with huge international business interests continued to press for greater investment from European allies on security and said last week he is still welcoming feedback from politicians and defense establishments. "Since Brussels, I have met and spoken with many government and industry leaders," Robert Stevens, CEO, president and chairman of Lockheed Martin [LMT], told sister publication Defense Daily last week during a company dinner event for media. " My…

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Congress Updates

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]


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Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]


Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]


CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

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