:

Business/Financial

Navistar Defense To Upgrade More Than 2,000 MaxxPro MRAPS

By Cal Biesecker

Wednesday, January 11th, 2012

SHARE:

Navistar Defense LLC [NAV] yesterday said it received a $880 million delivery order to upgrade 2,717 International® MaxxPro® Mine Resistant Ambush Protected (MRAP) vehicles. The order from the Marine Corps System Command calls for MaxxPro units to be upgraded with the company's rolling chassis. The award also includes engineering changes, supplies and services. "As Defense budgets are being reduced, it is imperative that we continue to develop economical solutions that repurpose assets while also working to ensure warfighters have access…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]