Driven by strong operating results across most of its segments, Lockheed Martin [LMT] on Tuesday delivered higher sales and earnings in its third quarter and raised its top and bottom-line guidance for 2020. The company also provided financial trend lines for 2021 with sales moderating to low ...
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To bolster trust in key technologies, reduce dependencies on China and other foreign adversaries, and strengthen the domestic industrial base, the Cyberspace Solarium Commission is proposing national strategy for the information and communications technology (ICT) supply chain. The commission on ...
Lockheed Martin [LMT] said it is teaming up with Aerojet Rocketdyne [AJRD] in the competition for the Next Generation Interceptor (NGI) for the Missile Defense Agency’s (MDA) Ground-based Midcourse Defense (GMD) system. The NGI program will replace the Redesigned Kill Vehicle (RKV) that the ...
The Chief of Naval Operations (CNO) directed the commander of Naval Information Warfare Systems Command with leading a new project to create a new naval network to facilitate connecting future ships, including unmanned vessels. In a memo dated Oct. 1, CNO Adm. Michael Gilday appointed Rear Adm. ...
The Navy’s new FFG(X) frigate program could cost 40 percent more than the Navy’s estimate, the Congressional Budget Office (CBO) said in a new report. While the Navy estimates the first 10 frigates will cost $8.7 billion in FY 2020 dollars, at an average of $870 million per ship, CBO said its ...
The Chief of Naval Operations (CNO) on Tuesday said light aircraft carriers should not be compared to the current supercarriers and outlined the next large surface combatant will be smaller than the Zumwalt-class destroyer. “I think the hidden point that needs to be drawn out is the comparison ...
The Navy’s land-based test site received the new destroyer Air and Missile Defense Radar (AMDR) system on Oct. 7, the Navy said Thursday. The Combat Systems Engineering Development Site (CSEDS) in Moorestown, N.J., accepted the Raytheon Technologies [RTX] AN/SPY-6(V)1 AMDR to test it for lessons ...
Stone Sea Trials. The Coast Guard’s newest National Security Cutter (NSC), the Stone (WMSL 758), successfully completed acceptance sea trials and will be delivered to the service in early November, according to shipbuilder Huntington Ingalls Industries. Stone will be the ninth Coast Guard NSC in ...
The Program Executive Officer (PEO) for unmanned and small combatants (USC) said the service is pushing toward 30-day unmanned surface vehicle (USV) transits while laying out his fiscal year 2021 focus areas. Rear Adm. Casey Moton is personally focused and prioritizing unmanned system prototyping ...
The Statement Department on Monday said it has approved a potential $55.3 million foreign military sale (FMS) of the Raytheon Technologies [RTX]-bult Rolling Airframe Missile (RAM) Block 2 tactical missiles to Japan. Japan is seeking up to 51 RAM Block 2 missiles and related equipment. The RAM is ...