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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…

Budget

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 […]

Congress

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 […]

Congress

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 […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]