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Business/Financial

Northrop, Loral To Join In Seeking Government Satellite Contracts

DDN

Friday, February 29th, 2008

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Northrop Grumman [NOC] and Loral Space & Communications [LORL] will work together in seeking government satellite contracts, the companies announced Wednesday. Loral Space is a unit of Space Systems/Loral (SS/L), which will gain expanded satellite manufacturing capacity by using Northrop test facilities and services in Redondo Beach, Calif. While the new cooperative effort would have sizable assets, it enters a market field already dominated by the two biggest defense contractors on the planet, Lockheed Martin [LMT] and Boeing [BA]. In…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]