Tag Archives: national security

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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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.

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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.

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