Aerospace Group:

Navy/USMC

Reactor Builder Says Only One Virginia Sub In FY ’21 Could Hit Bottom Line

Tuesday, February 25th, 2020

SHARE:

Reactor Builder Says Only One Virginia Sub In FY ’21 Could Hit Bottom Line

The future USS Indiana (SSN-789), a Virginia-class submarine, is launched into the James River and moved to a submarine pier for final outfitting, testing, and certification. (Photo: Huntington Ingalls Industries)

The Navy’s only manufacturer of nuclear reactors, BWX Technologies [BWXT], said if the Navy only procures one Virginia-class attack submarine in FY 2021 as requested, it could cause a financial hit to the company. President, CEO & Director of BWX Technologies Rex Geveden said in quarterly earnings call with analysts that while there is a “long way to go on getting from a President’s budget request to an appropriated program” they are “extremely vigilant” on the Virginia issue. “If that…

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 […]