Through the deal, Boeing’s litigation with supplier GKN Aerospace will be dropped, and the aerospace giant will take possession of a St. Louis-area factory it used to own.
By Michael MarrowModernizing our supply chain is a national security imperative
Closing supply chain gaps in innovating technology will reposition the industrial base to be a strategic source of value.
“To the extent we can get a good price for what we’ve identified as non-core [businesses], we’ll do it. But too many of the offers are coming in low and people think we’re desperate to sell, and I can assure you we’re not,” said L3Harris CEO Chris Kubasik.
By Michael Marrow
Kruger had been serving as interim president since former chief Rusty Murdaugh resigned last spring.
By Justin Katz
National Security Advisor Jake Sullivan said that there are “no plans” for another Ukraine supplemental at this point.
By Aaron Mehta
In addition, CEO Kathy Warden says the company sees a chance to sell up to five Triton UAVs to the NATO alliance.
By Michael Marrow
The comments from the General Dynamics chief come on the same day President Joe Biden signed the national security supplemental, which includes billions for the sub industrial base.
By Justin Katz
Despite the charges, Boeing’s plan to get its defense unit back to high single-digit margins by the 2026 timeframe “remains intact,” Chief Financial Officer Brian West said.
By Valerie Insinna
Enterprise-wide training: the Army’s $3.5B program for multi-service combat readiness
The competition for Warfighter Training and Readiness Solutions will bring together training networks, combat training centers and live ranges across the DoD enterprise.
The Korean company and Norwegian-owned American subsidiary have a history of working together.
By Justin Katz
Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe.
By Valerie Insinna
General Atomics will also showcase its Mojave demonstrator for the first time during the Army Aviation Association of America conference in Denver, a company spokesman said.
By Valerie Insinna and Ashley Roque
“The strength we think we bring is that [the Navy is] going to go from contract to actually starting to turn out students much quicker than any other competitors,” a Textron executive told Breaking Defense.
By Aaron Mehta
“The Connecticut delegation has questions about why, with that [FY24] appropriation in hand, this happened,” said Rep. Joe Courtney, D-Conn.
By Valerie Insinna
US Navy Secretary Carlos Del Toro has praised South Korean shipbuilders such as HD Hyundai at recent events, encouraging more participation with US industry.
By Justin Katz
“We are in active conversations with many of the stakeholders who are relevant to things like Replicator and we’re excited to collaborate with the government when the time is right,” Saronic exec Rob Lehman told Breaking Defense.
By Aaron Mehta
