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Business/Financial

Arrow Shoots Down Target Missile In Israeli Missile Defense System Test, Raising Hopes U.S. Funding Continues

DDN

Monday, May 4th, 2009

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An Arrow II missile defense interceptor shot down a target ballistic missile in a test of the Israeli national missile defense system, making Israeli officials hopeful the successful hit will persuade the U.S. Congress to continue funding for the joint Israeli-U.S. missile defense system, according to Haaretz, the Israeli news organization. Congress may, however, decide to slash funding for some U.S. missile defense systems. The Boeing Co. [BA] works with Israel Aerospace Industries to produce the Arrow II. That April…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]