Aerospace Group:

Business/Financial

Trade Groups Make Recommendations To State Department To Modernize FMS System

By Cal Biesecker

Thursday, June 8th, 2023

SHARE:

Trade Groups Make Recommendations To State Department To Modernize FMS System

An RAF Chinook helicopter demonstrating under-slung load carrying capacity in support of French operations last December in Mali (RAF Photo).

Following recommendations last fall to the Department of Defense to modernize how the U.S. conducts its foreign military sales (FMS) program, a trio of defense trade associations on Thursday released the second volume of their report, this one focused on improving the State Department’s role in the FMS system amid increasing demand for U.S. security assistance. “Our current FMS system does not provide the flexibility, transparency, and speed the U.S. and our allies and partners need to prevail in this…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

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 […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

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 […]