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Congress Updates

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]


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 […]

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]


Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]



Commentary


Army

Lockheed Nabs $1.2 Billion Army Production Contract For Seeker-Enabled PrSM Inc. 2

The Army on Monday evening awarded Lockheed Martin [LMT] a $1.2 billion Early Operational Capability production contract for Precision Strike Missile (PrSM) Increment 2.  PrSM Inc. 2 integrates the weapon […]



Navy/USMC

Castelion Gets First Production Lot Order For Blackbeard

The U.S. Navy on Monday awarded hypersonic weapons developer Castelion a $43.6 million order for the first production lot of 444 Blackbeard hypersonic weapon All-Up Rounds (AURs). This award is […]



Air Force

Swarm Aero Tosses Hat In The Ring For Massed Modular Aircraft

Swarm Aero on Monday unveiled Gamera, the company’s offering for the Air Force’s future Massed Modular Aircraft (MMA) to replace the current MQ-9A Reaper surveillance and strike drones. Gamera will […]



Business/Financial

DoD Makes $450 Million Equity Investment In Domestic Tungsten Supplier The Elmet Group

The Defense Department on Monday said it has taken a $450 million equity stake in The Elmet Group [ELMT] that the Maine-based company will use to support a more vertically […]



Space

Sovereign EO Space Capabilities Are Ready to Go to the Next Level, Company Officials Say

PARIS — Executives from BlackSky, Planet, Iceye and HawkEye 360 assessed the changing dynamics of the sovereign Earth Observation (EO) satellite market at the Space Defense and Security (SDSS) summit in Paris on Tuesday, saying the pace […]