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Congress Updates

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]


Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]


Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]



Commentary


Army

Army’s FY ‘27 Budget Backs Munitions Boost Frameworks, Comptroller Notes Penalties For Delays

The Army’s fiscal year 2027 budget request fully backs new framework agreements with industry to increase production for a range of critical munitions over the next several years, a lead […]



Navy/USMC

Breaking: Navy Secretary Phelan Out

The Pentagon early Wednesday evening suddenly announced Secretary of the Navy John Phelan was immediately leaving the administration. Under Secretary of the Navy Hung Cao will serve as the acting […]



Air Force

USAF Examining Software, Construction Competition For Sentinel Program

The Pentagon is looking at competition in the software and support construction realms for the Northrop Grumman [NOC] future LGM-35A Sentinel ICBM, a top official said on Wednesday. The Air […]



Business/Financial

Lockheed Martin’s Earnings Slip, Sales Level In First Quarter; Company Maintains 2026 Guidance

Lockheed Martin [LMT] on Thursday posted lower net earnings in its first quarter due to a drop in profits at three of its business segments while sales were flat. Net […]



Space

Space Force Budget Includes $1.8 Billion To Modernize Launch at Vandenberg And Cape Canaveral

Part of the Department of the Air Force’s $13.6 billion operations and maintenance (O&M) budget in fiscal 2027 for facility improvements–a $7.2 billion increase from last year’s appropriation–is to bolster […]