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Business/Financial

Job Losses Already Set For Lockheed Employees As Space Shuttle Fleet To Retire By 2010

DDN

Monday, August 4th, 2008

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Thousands of job losses stemming from the space shuttle fleet retirement, long feared, are about to begin. Lockheed Martin Corp. [LMT] announced that this fall it will begin workforce reductions at the Michoud Operations in Louisiana, a state already hard hit by Hurricane Katrina. Layoffs will begin this fall and continue through 2010, when the space shuttle fleet is mandated to retire. The employees make the gigantic external fuel tanks for the shuttle at the NASA Michoud Assembly Facility. Job…

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 […]