:

Business/Financial

McCain, Graham To Industry: Ignore Admin, Issue Layoff Warnings

Julie Samuel

Tuesday, October 9th, 2012

SHARE:

Sens. John McCain (R-Ariz.) and Lindsey Graham (R-S.C.) want Lockheed Martin [LMT] and other defense contractors to ignore the White House’s guidance and instead notify employees about potential layoffs spurred by possible “sequestration” budget cuts next year. The senators are upset by a Sept. 28 White House memo saying government contractors should not issue layoff warnings in line with the Worker Adjustment and Retraining Notification (WARN) Act, but that if the companies don’t send the notices and sequestration occurs the government will reimburse…

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]