Aerospace Group:

Business/Financial

At White House, Defense Industry Leaders Pledge Workforce Help

By Cal Biesecker

Thursday, July 19th, 2018

SHARE:

At White House, Defense Industry Leaders Pledge Workforce Help

Lockheed Martin Chairman, President and CEO Marillyn Hewson

As part of a new effort by President Donald Trump to improve the training and education of American workers amid rapid advances in the digital economy, aerospace and defense companies on Thursday committed themselves to new opportunities and investments to help their workforces.Boeing [BA], which has already said it would invest $300 million in its employees as a result of tax reform legislation that went into effect on Jan. 1, including $100 million to workforce development, said it will provide…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]