:

Pentagon Reassures Investors On Defense Industry Profits

DDN

Thursday, December 2nd, 2010

SHARE:

By Marina Malenic NEW YORK--A top U.S. defense official said yesterday that the Pentagon's effort to trim overhead and find other savings is not aimed at cutting defense industry profits. "A profitable defense industry is in the national interest and we recognize that," said Ashton Carter, the undersecretary of defense for acquisition, technology and logistics. "The idea that you save money by cutting profit is not only illogical, it's backwards." Carter was speaking at a conference here hosted by Credit…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]