Defense Daily
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ArmyArmy 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 […]
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CongressKey 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 […]
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Navy/USMCFairbanks 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 […]
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Business/FinancialBroad 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, […]
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Business/FinancialShipbuilding, Unmanned Systems Lead HII To Strong Third Quarter
HII [HII] on Thursday reported strong third quarter financial results driven by strong shipbuilding sales, profit on the Virginia-class attack submarine program, and milestones achieved in unmanned maritime systems. Net […]
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Air ForceFlight Demonstration of Frenzy 6 FAMM Candidate Engine Planned for Next Year
To meet projected demand for smaller drones and munitions, Beehive Industries, a propulsion startup firm, has developed a 100-pound version of the company’s Frenzy engine family, and the company said on […]
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Advanced / Transformational TechnologyLite Coms GT3 Vehicle Terminal Connects to Multiple LEO Networks Simultaneously
Lite Coms is rolling out the new GT3 flat panel antenna designed for simultaneous connectivity across multiple LEO satellite constellations. The Lite Sat GT3 combines commercial off-the-shelf equipment into a […]
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Navy/USMCHII Says Frigate On Schedule To Be In Water By 2028 If Contract By Early FY ’27
The CEO of HII [HII] this week confirmed while the company and manufacturers are on schedule for the new National Security Cutter (NSC)-based FF(X) frigate for the Navy, they need […]
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Business/FinancialFewer Portfolio Adjustments Ahead For L3Harris As Mehta Focuses On ‘Business We Have’
L3Harris Technologies [LHX] is deemphasizing acquisitions and divestitures in favor of growing and improving its current business portfolio, Sam Mehta, the company’s new president and CEO, told investors on Thursday. […]
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SpaceBoeing To Receive Up to $945.9 Million Sole Source Contract for MILSATCOM Sustainment
U.S. Space Force Space Systems Command (SSC) is to award Boeing [BA] an up to $945.9 million contract to sustain company-built wideband and narrowband satellite communication systems, including Wideband Global […]