Aerospace Group:

Space

THAAD Production Line On Hold as MDA Continues Contractor Crackdown

DDN

Monday, August 30th, 2010

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By Marina Malenic The manufacturer of a U.S. theater ballistic missile defense system has agreed to assume additional financial liability to open a production line for the system's interceptor missiles, the head of the Missile Defense Agency said recently. Lockheed Martin [LMT] will be responsible for any cost increases related to production delays involving interceptors for its Terminal High Altitude Area Defense (THAAD), said Army Lt. Gen. Patrick O'Reilly. He added that the company offered to assume liability if the…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]