:

Business/Financial

Northrop Grumman Wins Navy’s BAMS Contract

DDN

Wednesday, April 23rd, 2008

SHARE:

By Geoff Fein The Navy yesterday awarded Northrop Grumman [NOC] a $1.16 billion contract to develop the Broad Area Maritime Surveillance (BAMS) unmanned aerial system (UAS), beating out teams led by Boeing [BA] and Lockheed Martin [LMT]. The contract award, which faced numerous delays, was finally approved to move forward on April 8, after the Defense Acquisition Board gave the Navy the go-ahead to move BAMS into the System Development and Demonstration (SDD) phase, according to a Pentagon spokesperson. It…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

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 […]