:

Business/Financial

NATO Member Defense Spending Targets Could Mean $100 Billion In New Opportunities, Hewson Says

By Cal Biesecker

Tuesday, March 21st, 2017

SHARE:

NATO Member Defense Spending Targets Could Mean $100 Billion In New Opportunities, Hewson Says

Lockheed Martin Chairman, President and CEO Marillyn Hewson speaking at the company's annual media day on March 21. Photo: Lockheed Martin

If members of NATO achieve their pledges to achieve defense spending levels that reflect the size of their respective economies, that could mean as much as $100 billion annually in additional defense spending, Lockheed Martin’s [LMT] top executive said on Tuesday.“In fact, if NATO members fulfill their already stated pledges to spend 2 percent of their GDP on defense, if could result in a $100 billion increase in spending across the alliance,” Marillyn Hewson, chairman, president and CEO, of Lockheed…

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]