Tag Archives: defense industrial base

GovCon Expert Jerry McGinn: Biden Administration Should Identify Reshoring Priorities for Defense Industrial Base

Jerry McGinn GovCon Expert

Jerry McGinn, executive director of George Mason University’s Center for Government Contracting, said he believes that reshoring production activities back to the U.S. will serve as the biggest challenge President Joe Biden must address.

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Ellen Lord: DOD’s Digital Marketplace Seeks to Drive ‘Trusted’ Partnerships Between Investors, Companies

Ellen Lord acquisition chief Department of Defense

The Department of Defense has launched an electronic marketplace with the goal of connecting small- to medium-sized businesses to capital providers under the DOD's Trusted Capital program. “Trusted Capital works by providing opportunities for trusted financial institutions and qualifying companies to explore mutually beneficial partnerships in support of national security goals,” said Ellen Lord, the Pentagon's acquisition chief and a four-time Wash100 awardee.

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Lockheed Strikes $4.4B Deal for Aerojet Rocketdyne; James Taiclet, Eileen Drake Quoted

James Taiclet President and CEO Lockheed Martin

Lockheed Martin (NYSE: LMT) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.4B in a move to expand its capabilities in the areas of hypersonics, space exploration, integrated air and missile defense and tactical missiles. The deal is expected to conclude in the second half of 2021, subject to approval by Aerojet Rocketdyne’s stockholders, regulatory clearances and other customary closing conditions.

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Jerry McGinn: Reshoring Critical US Industrial Capabilities Needs Little Help From Allies

Jerry McGinn GovCon Expert

Jerry McGinn, executive director of the Center for Government Contracting at George Mason University’s School of Business and GovCon Expert for Executive Mosaic, wrote in a commentary published Tuesday on Defense News that the U.S. should reshore critical industrial capabilities by building domestic capacity and working with close partners and allies.

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James Taiclet: Lockheed’s Accelerated DoD Progress Payments to Suppliers Hit $1.1B

James Taiclet President and CEO Lockheed Martin

James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), said the company has accelerated more than $1.1B in progress payments it has received from the Department of Defense to its suppliers to support the defense industrial base and national security efforts during the COVID-19 pandemic.

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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.

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Lockheed Reports Accelerated Progress Payments to Defense Suppliers

Lockheed Martin (NYSE: LMT) has distributed $450M in accelerated contract payments it received from the Department of Defense to the Bethesda, Md.-based contractor's supply chain ahead of schedule. The company said Friday it also issued $85M in advance payments to small businesses and other suppliers operating throughout 46 U.S. states.

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