Tired of being ‘shock absorber’ on inflation, defense industry wants new protections: AIA chief

Tired of being ‘shock absorber’ on inflation, defense industry wants new protections: AIA chief
Tired of being ‘shock absorber’ on inflation, defense industry wants new protections: AIA chief

“If the price of a platform is variable and the Pentagon plans for three and isn’t really adjusting for inflation, eventually they’re going to realize they get two,” said Aerospace Industries Association CEO Eric Fanning.

Lockheed Martin projects potential $1 billion loss on classified program

Lockheed Martin projects potential $1 billion loss on classified program
Lockheed Martin projects potential $1 billion loss on classified program

Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe.

L3Harris CEO draws hard line against fixed-price development contracts

L3Harris CEO draws hard line against fixed-price development contracts
L3Harris CEO draws hard line against fixed-price development contracts

Eyeing risks of losses, L3Harris’ Chris Kubasik said, “I think the industry as a whole is going to continue to no-bid these contracts until [DoD uses] the right vehicles.”

New Boeing Defense CEO signals ‘different approach’ in future fixed-price contracts

New Boeing Defense CEO signals ‘different approach’ in future fixed-price contracts
New Boeing Defense CEO signals ‘different approach’ in future fixed-price contracts

“We have learned a ton of lessons, especially around contracting,” said Boeing Defense CEO Ted Cobert. “We’re working together to make sure that anything we do going forward will heighten the probability of getting things done in a timely manner.”

Roper Warns Boeing On Tankers After Walking KC-46 Line

Roper Warns Boeing On Tankers After Walking KC-46 Line
Roper Warns Boeing On Tankers After Walking KC-46 Line

The Air Force is once again accepting deliveries of the troubled tankers — but the service’s acquisition chief warned Boeing must get its act in order ASAP.

Roper Halts Deliveries of KC-46s; Will Visit Boeing Plant

Roper Halts Deliveries of KC-46s; Will Visit Boeing Plant
Roper Halts Deliveries of KC-46s; Will Visit Boeing Plant

The Air Force has refused to accept delivery of any more KC-46 tankers until Boeing fixes major problems — at the company’s expense.

SecAF Wilson Rips Boeing For More KC-46 Problems

SecAF Wilson Rips Boeing For More KC-46 Problems
SecAF Wilson Rips Boeing For More KC-46 Problems

As the Boeing tanker continues to see delays and cost overruns, the Air Force is airing its complaints.

Concurrency Raises Its Head Again: Why KC-46 Is Late

Concurrency Raises Its Head Again: Why KC-46 Is Late
Concurrency Raises Its Head Again: Why KC-46 Is Late

WASHINGTON: You’d think Boeing and the Air Force would have learned from Lockheed Martin’s experience with the F-35 and concurrency, which Vice Adm. James Venlet identified six years ago in our pages as a fundamental “miscalculation” in the Joint Strike Fighter program. The issue came to light Friday during a conversation about the KC-46 tanker…

Air Force Confirms Late KC-46 Delivery– ‘Late Spring’ Not December

Air Force Confirms Late KC-46 Delivery– ‘Late Spring’ Not December
Air Force Confirms Late KC-46 Delivery– ‘Late Spring’ Not December

UPDATED: ADDS Detailed Boeing Comment On “Being Much More Efficient” WASHINGTON: Boeing will probably deliver the first of the “low risk” KC-46 airborne tankers at least six months later than planned, the Air Force said this morning. “The Air Force will continue to support Boeing’s efforts to execute the program, however, the Air Force assessment…

KC-46 Delayed Two More Months Into 2018: SecAf & CSAF

KC-46 Delayed Two More Months Into 2018: SecAf & CSAF
KC-46 Delayed Two More Months Into 2018: SecAf & CSAF

CAPITOL HILL: The Air Force’s troubled KC-46 fuel tanker will probably be delayed “a couple of months” more, Air Force Secretary Heather Wilson and Chief of Staff Gen. David Goldfein told the Senate this morning. An Air Force spokesperson confirmed to Breaking Defense that this means they expect contractor Boeing to miss the December deadline to deliver…

Dollar Hedges Help UK MoD Keep Calm In Age Of Trump & Brexit

Dollar Hedges Help UK MoD Keep Calm In Age Of Trump & Brexit
Dollar Hedges Help UK MoD Keep Calm In Age Of Trump & Brexit

WASHINGTON: Despite a turbulent Trump administration and a plummeting pound, the Anglo-American defense relationship remains strong, said the senior civil servant in the Ministry of Defence. “Under any circumstances, we’re going to continue to work very, very closely with the States,” Stephen Lovegrove, Permanent Secretary of the UK Ministry of Defence, told reporters this morning.…

To Sen. McCain: Why SASC Should Not Change B-21 Acquisition Rules

The Senate Armed Services Committee (SASC) has placed language in the 1,600 pages of its draft of the National Defense Authorization Act that would fundamentally alter how standard acquisition policies apply to the Air Force’s B-21 Long Range Strike Bomber. The Air Force has meticulously followed all of the rules and regulations mandated by Congress…

Navy Wants LCS ‘Frigate’ Upgrade A Year Earlier: 2018, Not 2019

Navy Wants LCS ‘Frigate’ Upgrade A Year Earlier: 2018, Not 2019
Navy Wants LCS ‘Frigate’ Upgrade A Year Earlier: 2018, Not 2019

NATIONAL HARBOR: The Navy wants to start building the upgraded “frigate” version of its controversial Littoral Combat Ship a year earlier, the frigate program manager said. The fixed-price, winner-take-all competition will “tentatively” happen in 2018 instead of 2019. To make that earlier date, Capt. Dan Brintzinghoffer said at the Sea-Air-Space conference here, the Navy will…

Sen. McCain: Keep the B-21 On Track

The Air Force’s new B-21 long range strike bomber acquisition program has encountered turbulence in recent weeks as Sen. John McCain, chairman of the Senate Armed Services Committee, declared: “I will not authorize a program that has a cost-plus contract.” Justifying his position, the senator referenced his smart phone, explaining that: “Silicon Valley built the latest…