Eyeing risks of losses, L3Harris’ Chris Kubasik said, “I think the industry as a whole is going to continue to no-bid these contracts until [DoD uses] the right vehicles.”
By Michael MarrowIncreased spending in Europe will likely “increase the amount of competition between European and US defense companies,” says Leonardo DRS CEO William Lynn.
By Aaron MehtaNew revelations about Russia’s reliance on foreign components means replacing equipment lost in Ukraine may prove nearly impossible.
By Reuben JohnsonAt Dubai, Russia made no secret of its ambitions to push the US and Europe out of the regional market.
By Reuben JohnsonIf Saudi Arabia want to send a signal to Washington without really endangering the American-Saudi security relationship, they’ll limit their arms deals with Russia to smaller – or even token – orders of relatively benign equipment.
By Chyrine MezherKendall and Shyu each have acquiesced to Warren’s request that they “extend their ethics agreements / industry recusals from two years to four years, and to avoid seeking a waiver to their ethics agreements,” said a congressional aide familiar with the issue.
By Theresa HitchensThis summer, Pentagon acquisition chief Ellen Lord estimated DoD needed about $11B to help industry cover COVID costs — that number has now gone up by $9B.
By Paul McLearyThe $55.6 billion represents closed deals, many of which had in in the works for years. But the focus of the Trump administration pumping up US arms sales to boost domestic manufacturing jobs has led to officials across the Pentagon and State Department to proclaim pushing American kit is a big part of their international engagements.
By Paul McLearyJapan is in the middle of taking a hard look at its role providing security for the region, while it races to meet fresh threats from China and North Korea.
By Paul McLearyThe Trump Administration is putting the final touches on a plan to speed up arms sales to allies, and play catchup to China and Israel in selling armed drones.
By Paul McLearyWASHINGTON: DC’s biggest defense conference just stopped getting smaller. The Association of the US Army’s annual meeting is a cultural touchstone for the largest service and a leading indicator for the health of the defense industry. Like the Pentagon budget, AUSA attendance peaked during the troop surge in 2010, then shrank rapidly with the drawdowns,…
By Sydney J. Freedberg Jr.WASHINGTON: Sequestration would force the Defense Department and other federal agencies to lay off workers long before the defense industry had to, said a report released today by the Center for Strategic and Budgetary Assessments. Though big defense contractors, led by Lockheed Martin, have warned that the threat of sequestration might require them to send…
By Sydney J. Freedberg Jr.WASHINGTON [updated 6:45 pm with Rep. Smith and AIA comment]: The Labor Department issued guidance today stating that defense companies and other federal contractors do not need to issue layoff notices sixty days in advance of sequestration. House Armed Services Chairman Buck McKeon immediately denounced the guidance as “politically motivated,” and his staff called it…
By Sydney J. Freedberg Jr.On the eve of the international Farnborough Airshow, a prominent aerospace and defense analyst says there is a wave of investment ready to pour into the defense sector – but investors are “paralyzed” by the unresolved threat of sequestration. “A lot of people in the industry and a lot of investment capital outside the industry…
By Sydney J. Freedberg Jr.