Aerospace Group:

Navy Awards Long-Lead Dollars To Begin Construction of Second Virginia-class Sub

DDN

Tuesday, May 3rd, 2011

SHARE:

By Carlo Munoz Development and construction work can finally begin on a new Virginia-class submarine, with the Navy awarding General Dynamics [GD] Electric Boat $1.2 billion in long-lead funding last week, according to a company statement. The award puts the company back on track to begin construction on the submarine later this year, and puts the Navy's shipbuilding plans to construct two Virginia-class subs annually back on schedule. Hunington Ingalls Industries [HII], the new shipbuilding spinoff from Northrop Grumman [NOC],…

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]