Clayton Jones, chairman, president and CEO of Rockwell Collins [COL], is the new chairman of the Aerospace Industries Association (AIA), the powerful defense-contractors and aerospace industry organization. The AIA board of governors elected Jones to serve as its chairman for this year, and he took office with AIA on Jan. 1. Jones succeeds William Swanson, chairman and CEO of Raytheon [RTN], in the post. Robert Stevens, chairman, president and CEO, Lockheed Martin [LMT], was elected AIA's vice chairman. The board…
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Congress Updates
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 […]
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 […]
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 […]
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 […]