By Ann Roosevelt The Missile Defense Agency (MDA) and the Army successfully conducted the seventh of seven intercept tests for the Terminal High Altitude Area Defense (THAAD) element of the Ballistic Missile Defense System yesterday. Lockheed Martin [LMT] is the prime contractor for the THAAD system. "It was, from all indications we've had so far, it was 100 percent successful, just as we expected," Tom McGrath, Lockheed Martin vice president for the THAAD program, said in a teleconference from Kauai,…
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Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage
The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]
Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives
Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]
All Future Systems Should Have Autonomy Features, Reed Says
Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]
Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says
Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]