Senate Republicans release budget plan with $150B more for defense
The new budget resolution tees up a separate process for the Senate and the House as the two legislative bodies grapple over how best to enact President Donald Trump’s policy agenda.
The new budget resolution tees up a separate process for the Senate and the House as the two legislative bodies grapple over how best to enact President Donald Trump’s policy agenda.
“Unprecedented demand” in both commercial and defense aerospace sectors led to the company’s decision to break off that division as a standalone, public company, Honeywell CEO Vimal Kapur said in a statement.
The transaction is expected to close mid-year 2025, the companies said in a statement announcing the deal.
The fear among industry now is that this move is just the first in what would amount to a Pentagon-wide halt on new awards, for an indefinite period of time.
The world’s largest defense contractor recorded total year end losses of $1.4 billion on a classified program in its missiles and fire control (MFC) portfolio as well as $555 million overrun on a program in its aeronautics division, Lockheed said in a news release.
“I hope and believe that President Trump's pledge to restore peace through strength so that we can avoid conflict is going to be followed through with adequate funding,” Senate Armed Services Committee chairman Roger Wicker told Breaking Defense in an exclusive interview.
In a new letter, Linden Blue, CEO of General Atomics' aeronautic systems division, becomes the second industry figure to publicly issue suggestions to DOGE.
A tiebreaking vote by Vice President JD Vance was needed after Republican Sens. Lisa Murkowski, Susan Collins and Mitch McConnell joined Democrats to vote against Hegseth.
Boeing’s total year end charges of $4.9 billion on its troubled portfolio of fixed price weapons contracts is the largest-ever loss for its defense unit, up from losses of $4.4 billion in 2022.
Last week, an outgoing senior US official told reporters that there were people on Trump's team who supported continuing military support for Ukraine — if there was a way to save the US taxpayer from bearing the brunt of it.
Government can’t stop to update systems, so modernization has to happen without interruptions.
Hegseth’s nomination is set to come to the Senate floor later this week, where it is expected to pass along party lines.
Chris Kubasik’s Jan. 15 letter to DOGE heads Elon Musk and Vivek Ramaswamy is the first foray by an executive at a legacy defense prime into the emerging discourse on how the incoming administration can revitalize the American defense industrial base
While the hearing didn't dive into foreign policy, Hegseth offered a peek into weapon programs that may get more attention.
“Every single thing you want to cut [is something] somebody cares about a lot and is going to fight you in the Congress to keep you from cutting it,” Air Force Secretary Frank Kendall said. “Here's an efficiency for you, can we please stop buying C-130s? We've got enough.”