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Congress Updates

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 […]


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 […]

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]


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 […]



Commentary


Army

Army Picks Lockheed For Future Interceptor Development Effort Estimated At $1.08 Billion

The Army has officially picked Lockheed Martin [LMT] for the Future Interceptor development effort, estimating a project value of $1.08 billion that includes a $423 million cost-sharing commitment from the […]



Navy/USMC

Fairbanks Morse Defense Wins $99 Million Contract For Sub Overhaul Work

Fairbanks Morse Defense (FMD) on Tuesday said it won a $99 million four-year contract to provide repair and parts for submarine Emergency Diesel Generator (EDG) overhauls on six U.S. Navy […]



Air Force

USAF Looks to Advance STITCHES With Upcoming Contract to Lockheed Martin

The U.S. Air Force is looking to award Lockheed Martin [LMT] a sole source contract to advance the System-of-Systems Technology Integration Tool Chain for Heterogeneous Electronic Systems (STITCHES). “The effort […]



Business/Financial

Broad Strength Powers Leonardo DRS To Higher Earnings And Sales In Third Quarter

Leonardo DRS [DRS] on Thursday posted double-digit top and bottom-line gains in the third quarter due to strength across its operating segments. Net income rose 60 percent to $115 million, […]



Space

Firefly Aerospace Says Space Systems Command Using FORGE for WFOV Satellite

U.S. Space Force Space Systems Command System Delta 84 has used the Future Operationally Resilient Ground Evolution (FORGE) system developed by Firefly Aerospace‘s [FLY] SciTec subsidiary, according to the company. […]