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Business/Financial

Raytheon and Lockheed Martin to Have “Preferred Access” to SRMs Built at Avio’s Future SRM Plant

Frank Wolfe

Monday, November 10th, 2025

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Raytheon and Lockheed Martin to Have “Preferred Access” to SRMs Built at Avio’s Future SRM Plant

The Arleigh Burke-class guided-missile destroyer USS Bulkeley (DDG 84), launches a Standard Missile-3 in May during At-Sea Demonstration/ Formidable Shield 2025 (U.S. Navy Photo)

RTX's [RTX] Raytheon and Lockheed Martin [LMT] have signed Memoranda of Understanding (MOU) with Italy's Avio SpA to help build a "state of the art" solid rocket motor (SRM) plant in the United States. Raytheon and Lockheed Martin will have "preferred access to a share of the Avio plant production capacity to meet future demand," according to Avio. Late last month, Avio said that its shareholders had approved a 10-year, $465 million transatlantic expansion plan geared to the production of…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

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 […]