Tag Archives: congress

Report: Treasury Mulls Setting Aside Nat’l Security Business Relief Funds Under $17B Loan Program

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.

Read More »

DoD to Use $688M in CARES Act Funds to Support Aircraft Propulsion, Shipbuilding Industries

The Department of Defense plans to use $688M in funds under the Coronavirus Aid, Relief and Economic Security Act to address the financial impacts of the COVID-19 pandemic on the defense industrial base and promote local job creation efforts, Defense News reported Tuesday.

Read More »

Bicameral Bill Seeks to Boost Investments in Emerging Tech to Maintain US Science & Tech Leadership

Four lawmakers have proposed a bicameral bill to strengthen U.S. scientific and technological edge through increased investments in the development and commercialization of emerging technologies. The bipartisan Endless Frontier Act would change the name of the National Science Foundation to National Science and Technology Foundation and create a technology directorate within NSTF to advance research in 10 tech focus areas, including artificial intelligence and machine learning; high-performance computing; cybersecurity and data storage; and robotics, automation and advanced manufacturing.

Read More »

DoD Seeks Congressional Approval for $17.7B Columbia-Class Submarine Block Buy

The Department of Defense is asking Congress to authorize a potential $17.7B block-buy contract for two Columbia-class ballistic missile submarines, Defense News reported Wednesday. The U.S. Navy and General Dynamics (NYSE: GD) have been in talks over the terms of a two-ship procurement and the proposed block buy, if approved, would provide the company a steady flow of shipyard work as the industrial base faces the economic impact of the coronavirus pandemic.

Read More »