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The House Armed Services subcommittee on readiness addressed several issues raised by reviews of Navy destroyer collisions in the Pacific last summer in its mark of the FY ’19 National Defense Authorization Act (NDAA).The mark would require the Secretary of the Navy to limit the forward ...

Lockheed Martin [LMT] on Tuesday posted strong financial results in its first quarter buoyed by operating performance, a lower tax rate and a pension tailwind, and the company raised the outlook for its top and bottom lines in 2018.Net income soared 47 percent to $1.2 billion, $4.02 earnings per ...

NATIONAL HARBOR, Md. -- Textron’s [TXT] Maritime and Land Systems’ Ship-to-Shore Connector (SSC) hovercraft started its first at-sea on-water testing, company officials told Defense Daily during the annual Sea Air Space Expo last week.The SSC is the next-generation Landing Craft Air Cushion ...

NATIONAL HARBOR, Md. -- Without the V-22 Osprey to deliver spare engines, nations buying the naval version of the F-35 Joint Strike Fighter will not be able to deploy them on carriers.No other carrier-based aircraft can heft the Pratt & Whitney [UTX] F135 engine, according to Marine Col. ...