2026 midterm cheat sheet: Which races to watch on defense
With pollsters predicting that Democrats will flip one or both chambers of Congress, there could be major changes to the roster of defense advocates on Capitol Hill.
With pollsters predicting that Democrats will flip one or both chambers of Congress, there could be major changes to the roster of defense advocates on Capitol Hill.
The tentative agreement, which still needs lawmakers' blessing, covers production and sustainment over the 10 years.
“We could continue to solely invest in it ourselves with the support of our current shareholders. We could think about broadening that base of investments, or we could think ... about separating the business,” Northrop CEO Kathy Warden said.
Liz Miranda, Army Materiel Command's executive deputy to the commanding general, said a White House order's requirements for companies to map their supply chain down to the raw material level “is no easy task.”
The deal will pave a path for Avio USA to become a new provider of motors on Lockheed Martin’s Extended Range GMLRS and the Precision Strike Missile.
The aerospace giant intends to invest hundreds of millions of dollars of its own cash in the missile alone, alongside additional investments in its seeker and solid rocket motor, said Tim Cahill, president of Lockheed's missiles and fire control division.
One source familiar with the negotiations expressed doubt that Lockheed "can successfully propose something that demonstrates long-term cost savings."
Novakovic, who has led GD since 2013, will be succeeded by Danny Deep on Jan. 1.
The new subsidiary will help support UK requirements for counter-drone capabilities, air defense and active protection systems, DRS said.
Any funding from last year's reconciliation bill left unspent by the Pentagon suffers an 8.3 percent cut known as sequestration as fiscal 2027 starts.
The Defense Department will be operating under a continuing resolution until lawmakers successfully pass a fiscal 2027 budget.
“Completing this transaction puts Powerus in a position to build at the scale our customers are asking for,” Powerus CEO Andrew Fox said.
Boeing's win gives it a monopoly on American sixth-gen fighters, following its 2025 selection to build the F-47.
Rep. Jim Himes, the top Democrat on the House Permanent Select Committee on Intelligence, sent a Sept. 28 letter to a defense trade group warning of a "likely" probe into the project.