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Business/Financial

Airbus Pays U.S. Government $1 Million To Settle Overbilling Charges

By Cal Biesecker

Monday, October 4th, 2021

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Airbus Group’s U.S. based defense and space business has agreed to pay the U.S. government more than $1 million to settle allegations of overbilling on military contracts. The settlement resolves a False Claims Act lawsuit brought by the Department of Justice related to contract proposals submitted by Airbus U.S. Space & Defense Inc. between January 2016 and January 2017 at an unapproved cost rate. The DoJ also said that between 2013 and 2020, the U.S. government alleged the company charged…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]