You searched for -[jdsupra - Breaking Defense https://breakingdefense.com/author/vinsinna/ Defense industry news, analysis and commentary Mon, 13 May 2024 21:15:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 HASC adds Virginia-class sub, cuts F-35s in $849.8 billion draft defense policy bill https://breakingdefense.com/2024/05/hasc-adds-virginia-class-sub-cuts-f-35s-in-849-8-billion-draft-defense-policy-bill/ Mon, 13 May 2024 21:15:29 +0000 https://breakingdefense.sites.breakingmedia.com/?p=355812 Virginia-class attack submarine Pre-Commissioning Unit Minnesota

The bill sticks to budget caps laid out by the Fiscal Responsibility Act.

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Air Force nears Wedgetail deal with Boeing after jostle over costs https://breakingdefense.com/2024/05/air-force-nears-wedgetail-deal-with-boeing-after-jostle-over-costs/ Thu, 09 May 2024 15:42:02 +0000 https://breakingdefense.sites.breakingmedia.com/?p=355140 Australian E-7A Wedgetail at Red Flag-Alaska 19-3

“We think we can substantially improve over what Boeing offered us. I would say we will not meet in the middle,” said Air Force acquisition czar Andrew Hunter.

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Airbus US finalizes acquisition of Aerovel as it eyes low-cost drone market https://breakingdefense.com/2024/05/airbus-us-finalizes-acquisition-of-aerovel-as-it-eyes-low-cost-drone-market/ Wed, 08 May 2024 18:03:10 +0000 https://breakingdefense.sites.breakingmedia.com/?p=354726 UAV Flight Operations

Airbus would also likely respond to a recent request for information on drone capabilities that could replace the Navy’s MQ-8C Fire Scout uncrewed helicopters, said CEO of Airbus U.S. Space and Defense Rob Geckle.

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Defense companies keep up momentum on share repurchases, despite Navy leader’s criticism https://breakingdefense.com/2024/05/defense-companies-keep-up-momentum-on-share-repurchases-despite-navy-leaders-criticism/ Mon, 06 May 2024 12:19:48 +0000 https://breakingdefense.sites.breakingmedia.com/?p=353976 SECNAV visits Ingalls Shipbuilding

Capital Alpha Partners found that buy back amounts at defense contractors were higher this financial quarter for all but only four others since March 2011.

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Chris Calio takes helm of RTX as new chief executive https://breakingdefense.com/2024/05/chris-calio-takes-helm-of-rtx-as-new-chief-executive/ Thu, 02 May 2024 14:42:58 +0000 https://breakingdefense.sites.breakingmedia.com/?p=353466 Farnborough International Airshow Day Two

Calio has overseen the reorganization of RTX into three business units, and has said the company will further de-emphasize its role as a space prime contractor.

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House lawmaker hopes to resuscitate DoD’s venture fellowship program https://breakingdefense.com/2024/05/house-lawmaker-hopes-to-resuscitate-dods-venture-fellowship-program/ Wed, 01 May 2024 19:16:34 +0000 https://breakingdefense.sites.breakingmedia.com/?p=353277 AFWERX's booth at the AFA Warfare Symposium

Rep. Elise Stefanik criticized the Air Force’s decision to terminate a fellowship program that paired DoD personnel with the private sector as “shortsighted and misguided,”

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‘Dead on arrival’: Key House appropriators oppose transfer of Guard units to Space Force https://breakingdefense.com/2024/04/dead-on-arrival-key-house-appropriators-oppose-transfer-of-guard-units-to-space-force/ Tue, 30 Apr 2024 20:46:55 +0000 https://breakingdefense.sites.breakingmedia.com/?p=353046 CONGRESS ENVIRONMENT/LEGISLATIVE BRANCH

“The states need to be consulted, and need to be full partners moving forward in any major change such as this,” said Minnesota Rep. Betty McCollum, the defense subcommittee’s top Democrat.

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Air Force picks Anduril, General Atomics for next round of CCA work https://breakingdefense.com/2024/04/air-force-picks-anduril-general-atomics-for-next-round-of-cca-work/ Wed, 24 Apr 2024 21:00:25 +0000 https://breakingdefense.sites.breakingmedia.com/?p=351504 SecAF Kendall speaks at SLOC

The two vendors emerged successful from an original pool of five and are expected to carry their drone designs through a prototyping phase that will build and test aircraft.

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Boeing takes $222 million loss on KC-46 tanker, T-7 trainer programs https://breakingdefense.com/2024/04/boeing-takes-222-million-loss-on-kc-46-tanker-t-7-trainer-programs/ Wed, 24 Apr 2024 16:34:33 +0000 https://breakingdefense.sites.breakingmedia.com/?p=351756 KC-46 Elephant Walk

Despite the charges, Boeing’s plan to get its defense unit back to high single-digit margins by the 2026 timeframe “remains intact,” Chief Financial Officer Brian West said.

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Senate passes $95 billion foreign aid bill, as DoD eyes next Ukraine weapons package https://breakingdefense.com/2024/04/senate-passes-95-foreign-aid-bill-as-dod-eyes-next-ukraine-weapons-package/ Wed, 24 Apr 2024 01:41:55 +0000 https://breakingdefense.sites.breakingmedia.com/?p=351531 US congress capitol building

Additional aid for Ukraine could be made available “within days” said Pentagon Press Secretary Maj. Gen. Pat Ryder earlier today.

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Lockheed Martin projects potential $1 billion loss on classified program https://breakingdefense.com/2024/04/lockheed-martin-projects-potential-1-billion-loss-on-classified-program/ Tue, 23 Apr 2024 19:00:01 +0000 https://breakingdefense.sites.breakingmedia.com/?p=351405 NGI-Over-Earth-V4-NOTIONAL-TEXT

Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe.

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House approves $95 billion defense supplemental with aid for Ukraine, Israel, Taiwan https://breakingdefense.com/2024/04/house-approves-95-billion-defense-supplemental-with-aid-for-ukraine-israel-taiwan/ Sat, 20 Apr 2024 18:11:14 +0000 https://breakingdefense.sites.breakingmedia.com/?p=350943 Military mobility of Ukrainian soldiers in Bakhmut area

The Ukraine bill passed in a 311-112 vote, the Israel bill passed in a 366-58 vote, and the Indo-Pacific bill passed in a 385-34 vote.

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Move over FARA: General Atomics pitching new Gray Eagle version for armed scout mission https://breakingdefense.com/2024/04/general-atomics-pitching-new-gray-eagle-version-for-armed-scout-mission/ Fri, 19 Apr 2024 17:24:24 +0000 https://breakingdefense.sites.breakingmedia.com/?p=350799 FJdqJ5XXEAQF05z

General Atomics will also showcase its Mojave demonstrator for the first time during the Army Aviation Association of America conference in Denver, a company spokesman said.

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Connecticut lawmakers to grill Army, Lockheed about job cuts at Sikorsky helicopter unit https://breakingdefense.com/2024/04/connecticut-lawmakers-to-grill-army-lockheed-about-job-cuts-at-sikorsky-helicopter-unit/ Wed, 17 Apr 2024 21:59:25 +0000 https://breakingdefense.sites.breakingmedia.com/?p=350421 Lockhead Martin Raider X Helicopter

“The Connecticut delegation has questions about why, with that [FY24] appropriation in hand, this happened,” said Rep. Joe Courtney, D-Conn.

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As Pentagon awaits supplemental dollars, its operational funding is $2B in the hole https://breakingdefense.com/2024/04/as-pentagon-awaits-supplemental-dollars-its-operational-funding-is-2b-in-the-hole/ Wed, 17 Apr 2024 20:43:02 +0000 https://breakingdefense.sites.breakingmedia.com/?p=350337 17 APR 24 |  SECDEF, CJCS and USD (Comptroller) HAC-D  Hearing

The House is teeing up a series of votes this weekend on separate supplemental spending bills for Israel, Taiwan and Ukraine.

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