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Budget

GAO Urges FAA Update Methodology For Third Party Launch Indemnification

Pat Host

Wednesday, February 5th, 2014

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GAO Urges FAA Update Methodology For Third Party Launch Indemnification

The Federal Aviation Administration (FAA) should review and update as appropriate its probable loss methodology for calculating commercial launch providers’ insurance requirements as it relates to third-party indemnification, the Government Accountability Office (GAO) testified Tuesday. Third-party indemnification is a term for the total amount of money the federal government would be responsible for paying beyond private insurance in case of public, or third-party, damages from a catastrophic commercial launch accident. In the anticipation of such an event, a launch company…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]