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Business/Financial

Quarter of Lockheed Martin’s Execs Apply For Voluntary Separation Program

DDN

Thursday, September 9th, 2010

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By Calvin Biesecker Lockheed Martin [LMT] yesterday said that just over 600 of its executives, or about 25 percent of its total executive population, applied to receive financial incentives in return for voluntarily departing the company as the defense contractor moves to slash costs. Lockheed Martin didn't say how much it expects to save through its Voluntary Executive Separation Program (VESP) other than to say it will result in "substantial savings" in 2011 and on a recurring basis in 2012…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]