Raytheon [TRN] announced it has received an initial contract to provide engineering services related to a U.S. government Foreign Military Sale of the Patriot air and missile defense system to South Korea. Raytheon expects significant follow-on awards to complete the system integration and to provide command and control, communications and maintenance support equipment, as well as the training of Korean operators and maintainers and technical assistance to the deployed systems. "There is a strong continuing demand, both domestically and internationally,…
Congress Updates
‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says
In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]
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 […]
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 […]
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 […]