After North Korea tested an intercontinental ballistic missile Monday, the U.S. ambassador to the United Nations Nikki Haley requested an emergency meeting of the U.N. Security Council. That meeting will likely be held Wednesday with the 15-member council, as concerns mount that the regime is developing an inter-continental ballistic missile that ca...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) two contract modifications worth approximately $73.9 million combined to provide materials and services to support the low-rate initial production of F-35 Lightning II aircraft. Lockheed will provide long-lead parts and components for additional five lot 12 F-35B fighter jets under a $4...
Weekly Roundup June 26 – June 30 2017 A Note From Our President & Founder Jim Garrettson This week we saw the unveiling of the House Armed Services Committee™s $696.5 billion defense authorization bill. The draft, titled 2018 National Defense Authorization Act (NDAA), was revealed on the 26th and asks for $28.5 billion more than ...
BAE Systems has received a potential $4.8 billion contract from the U.K. defense ministry to build the first three ships under the country™s Type 26 Global Combat Ship program. The company said Sunday the contract is expected to create at least 3,400 jobs across the U.K. and that it will begin the steel-cutting operation on...
Huntington Ingalls Industries (NYSE: HII) has received two contract modifications worth a combined $437.5 million from the U.S. Navy to support an engineered overhaul of a Los Angeles-class submarine and construction of a San Antonio-class amphibious transport dock. HII will execute maintenance, repair, routine and test work on the&nb...
The House Appropriations Financial Services and General Government Subcommittee passed its 2018 appropriations bill via voice vote Thursday afternoon. The bill does not offer an alternative to President Donald Trump™s 1.9 percent raise offered in his budget proposal, which means federal employees have cleared a hurdle to receiving a p...
The U.S. Air Force Materiel Command (AFMC) issued a Sources Sought notice on Thursday for a rapidly fielded and developed hyper-sonic, conventional air-launched strike weapon, Janes reported. Capabilities statements are being sought from potential sources “that are capable of accomplishing systems integration of all the elements of a hyper-son...
The State Department has approved Taiwan™s request to buy missiles, torpedoes and related components as well as operations and maintenance support for the East Asian state™s surveillance radar program under seven foreign military agreements worth approximately $1.36 billion combined. Taiwan requested to purchase follow-on sustainment servi...
L3 Technologies (NYSE: LLL) has landed a potential $230 million contract to provide point detonating/delay and multi-option fuzes for U.S. Army mortars. The Army will use company-made M783 and M734A1 fuzes to perform close range and indirect fire support combat operations, L3 said Thursday. Todd Gautier, president of L3̵...
Lisa Atherton, formerly executive vice president of military business at Textron‘s (NYSE: TXT) Bell Helicopter subsidiary, has been appointed president and CEO of Textron Systems. She replaces Ellen Lord, who will be nominated by President Donald Trump as undersecretary of defense for acquisition, technology and logistics, Textron said Wednesd...
