The Air Force has awarded Raytheon [RTN] a $24 million competitive contract to deliver laser-guided bomb kits, the company said yesterday. The Paveway II components are designed to transform “dumb” bombs into precision-guided weapons and make up the largest share in the Air Force’s inventory for combat operations, Raytheon said. Lockheed Martin [LMT] was the other bidder for the contract. The company’s Paveway family of components also includes GPS-guidance in addition to laser guidance featured on the Enhanced Paveway II,…
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CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year
A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]
Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation
NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]
HII Executive Outlines Its Shipbuilding Acceleration Strategy
An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]
House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature
The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]