Aerospace Group:

Business/Financial

Obama Touts Defense Acquisition ‘Reform’ While Lashing Acquisition Cost Overruns; But He Says Outlays On Veterans To Rise

DDN

Monday, March 30th, 2009

SHARE:

President Poised To Whack $40 Billion From Defense Procurement Programs President Obama flailed defense procurement programs afflicted by soaring costs, and said it is time for defense acquisition reform, echoing complaints from key lawmakers. Obama, speaking in a White House press conference, didn't detail just which acquisition costs have attracted his ire, but some members of Congress have excoriated certain missile defense programs including the Airborne Laser. The president was asked where he will find savings in the defense and…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

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 […]