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Ten-Year, $460 Billion Saudi Arms Deal Spells Windfall For U.S. Defense Primes

Wednesday, May 24th, 2017

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The historic sale of arms to Saudi Arabia announced on President Donald Trump’s first overseas trip is expected to bestow hundreds of billions of dollars on the U.S. defense industry, which will create thousands of jobs to fill the demand for tanks, helicopters, missiles and other weapons.Most of the windfall is destined for prime contractors Lockheed Martin [LMT], Boeing [BA] and Raytheon [RTN], according to accounts of the deal worth a total of $460 billion over the next decade. Just shy of $110 billion in foreign…

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 […]