:

Business/Financial

Raytheon and Italy’s Avio Sign Solid Rocket Motor Agreement

Frank Wolfe

Wednesday, July 24th, 2024

SHARE:

Raytheon and Italy’s Avio Sign Solid Rocket Motor Agreement

Pictured are U.S. Ambassador to Italy Jack Markell and Avio CEO Giulio Ranzo (Avio Photo)

RTX's [RTX] Raytheon business and Italy-based Avio said at England's Farnborough Air Show on July 23 that they have signed a contract to develop military solid rocket motors and bolster the U.S. defense industrial base for the latter. "The contract furthers the systems engineering work required to mature these solid rocket motors into a production-ready state," Raytheon said. Avio said that it has more than 1,300 workers engaged in space launcher and defense solid rocket motor work and that it…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]