Tag Archives: B-21

Senate Introduces $696B FY 2021 Defense Bill Under $1.4T Spending Package

US Capitol

The Senate on Tuesday proposed a $1.4T spending package that includes $696B in defense appropriations for fiscal year 2021, Defense News reports. Senators must reconcile the upper chamber's 12-bill package with the House, which passed in July a $694.6B defense spending bill for FY 2021 as part of a $1.3T package, and reach a deal before a continuing resolution expires on Dec. 11 to avoid a government shutdown.

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Cowen Analysis Says USAF Spending on GBSD, B-21 Bomber Could Hit $10.2B by 2027

ICBM

Cowen Washington Research Group estimates the U.S. Air Force’s annual combined spending on the Ground-Based Strategic Deterrent intercontinental ballistic missile system and the B-21 bomber could reach $10.2B over the next seven years, Breaking Defense reported Wednesday.

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McAleese & Associates: House Panel OKs $690B FY 2020 Defense Appropriations Bill

A McAleese & Associates report says the House Appropriations Committee passed a spending bill that would authorize $690B in fiscal 2020 funds for the Department of Defense, reflecting a 2.3 percent increase from DoD’s current budget. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote …

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McAleese & Associates: Sales of Northrop Climbed 22% to $8.2B in Q1 2019

A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its sales rise 22 percent to $8.2B in the first quarter of 2019 and recorded a sector operating profit growth of 27 percent. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 winner, wrote the Falls Church, Va.-based …

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McAleese & Associates: Northrop Posts 16% Sales Growth Driven by Aerospace, Innovation Systems Segments

Consulting firm McAleese and Associates has released a report that provides an overview of the financial performance of Northrop Grumman (NYSE: NOC) during the fourth quarter and full year 2018. Northrop saw its 2018 sales jump 16 percent to $30B driven by sales growth at its innovation systems business and …

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McAleese & Associates: Undersecretary Matthew Donovan on Air Force’s Readiness, Other Priorities

Consulting firm McAleese & Associates has issued a report on the U.S. Air Force’s priorities for 2020 discussed by USAF Undersecretary Matthew Donovan at an Air Force Association event. Donovan said Friday at the AFA event that readiness remains the Air Force’s top priority and that the service plans to increase …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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Report: DoD IG Lauds USAF Acquisition Strategy, Risk Mgmt for Bomber Program

The Defense Department’s inspector general has said the U.S. Air Force developed a “comprehensive” risk management process and procurement strategy to support its $80 billion B-21 bomber aircraft program, Bloomberg reported Monday. DoD IG said in the redacted version of its audit report that the bomber program has “clearly defined” warfighter requirements …

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