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Business/Financial

Raytheon Gains Up To $3.3 Billion Patriot Order For UAE

DDN

Monday, December 22nd, 2008

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The Army gave Raytheon Co. [RTN] a not-to-exceed $3.3 billion order for advanced Patriot air and missile defense capability, whole life support and training for the United Arab Emirates (UAE). Raytheon and teammate Lockheed Martin Corp. [LMT] worked with the U.S. and UAE governments during the past year on the agreement. The U.S. government approved the Foreign Military Sale (FMS) of Patriot Config-3 capabilities including Patriot GEM-T and Lockheed PAC-3 missiles. That contract is handled by the U.S. Army Aviation…

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 […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]