Aerospace Group:

Business/Financial

Garamendi, Warren Ask DoD For Clarity On Defense Mergers And Acquisitions

By Cal Biesecker

Monday, February 26th, 2024

SHARE:

Garamendi, Warren Ask DoD For Clarity On Defense Mergers And Acquisitions

Sen. Elizabeth Warren (D-Mass.)

Concerned about over consolidation of the defense industrial base (DIB), a pair of Democratic House and Senate members last week asked the Defense Department a series of questions about the health of the DIB, long-term reviews it does of mergers and acquisitions, and whether it sought assurances from L3Harris Technologies [LHX] that its acquisition of Aerojet Rocketdyne would benefit the industrial base. Rep. John Garamendi (Calif.) and Sen. Elizabeth Warren (Mass.) wrote in their Feb. 23 letter to Defense Secretary…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]