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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

Navy Picks Three New Yards To Build More LCU-1700 Landing Vessels

The Navy on Tuesday awarded three new shipyards prototype contract agreements as part of a deal to expand production of the Landing Craft utility (LCU) 1700 class craft. The service […]



Air Force

No USAF Pursuit of NGAS, As Service Examines Future Self-Protection for Tankers

NATIONAL HARBOR, Md.–The U.S. Air Force will not pursue a future tanker, stealthy or otherwise, but instead self-protection systems to ensure access for refueling tankers in future conflicts, the service’s […]



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

Second Tranche 1 Data Layer Satellite Launch Weeks Away; Full Tranche 1 Constellation Up In 2027

NATIONAL HARBOR, Md.—The Space Development Agency (SDA) expects the second launch of Tranche 1 Transport Layer satellites to occur in early October and the current goal is to have the […]