With contractors on the way, the union and the company remain at an impasse even as seven Navy destroyers languish pierside.
By Paul McLearyAUSA: Ellen Lord, the former Textron executive now heading the Pentagon’s acquisition shop, revealed today in her first public appearance since her confirmation that she is making fundamental changes in how the Office of Secretary of Defense starts and manages military weapons programs. This comes on top of internal Army reforms announced here by the…
By Colin ClarkWASHINGTON: While the House has voted to extend the debt limit to May, the automatic federal spending cuts called sequestration still loom $90 billion large, half that bill for the Pentagon alone. Yet, as fourth quarter earnings calls begin, the defense industry and its stock values remain remarkably resilient. What gives? Or rather, what isn’t…
By Sydney J. Freedberg Jr.