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Business/Financial

Navy Uses Aegis/SM-3 To Take Down Dead Intel Satellite; Fuel Tank Likely Destroyed

DDN

Friday, February 22nd, 2008

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By Dave Ahearn The Navy Wednesday night obliterated a nonfunctional intelligence satellite using the Lockheed Martin [LMT] Aegis weapon control system and a Raytheon [RTN] Standard Missile-3 fired from a Navy ballistic missile defense (BMD) cruiser, the USS Lake Erie (CG-70). That SM-3 interceptor scored a direct hit on the satellite, and more importantly it likely demolished a tank filled with 1,000 pounds of dangerous hydrazine propellant fuel. President Bush--fearing that the failed satellite would tumble out of control when…

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]