Textron, Inc. [TXT] said yesterday that its AAI business unit is separating into three businesses to improve efficiency and better support their respective customers. AAI, which is part of Textron Systems, will have AAI Unmanned Aircraft Systems, led by Steven Reid, AAI Test & Training, led by Bob Peters, and AAI Logistics and Technical Services, led by Diane Giuliani, all reporting the Fred Strader, president and CEO of Textron Systems. Strader said in a statement that the new operating units…
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Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage
The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]
Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives
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Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]
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