“I anticipate you will see an investment from the company themselves, from the industry partner themselves, to ensure they can continue to build out that facility that would make rounds that would primarily be supported by the [foreign military sales],” Army acquisition czar Brent Ingraham told lawmakers.
Companies vowed to increase capital expenditures in 2026, with some also signaling plans to stop stock buybacks this year.
Partnerships with outside industry are a cornerstone of the kingdom’s ambitious growth strategy.
In the wake of Trump's executive order limiting Pentagon contractors' spending, take a look at eight companies' dividends, stock buybacks and more.
“The timely funding for these two ships will act to stabilize the workforce by sustaining an important backlog and prevent future layoffs,” said Dave Carver, president of General Dynamics NASSCO.
"The DoW [Department of War] wants to go fast,” said L3Harris CEO Chris Kubasik. “Then Congress can't fund the DoW. So we're kind of stuck between those two situations.”
When it comes to predicting the needs of future conflicts, Maj. Gen. John Reim said, “the Army’s gotten it wrong 100 percent of the time.”
Balancing security and access to data are critical to providing users with trustworthy, reliable data for real-time decisions.
The six largest US defense firms all reported quarterly results this week, and the potential impact of tariffs was front and center.
“We’re purpose building KEEL to help solve the capacity challenges in nuclear Navy shipbuilding,” KEEL's Chief Executive Brian Carter told Breaking Defense.
Defense primes have rushed to wipe web pages and remove previous claims of "unwavering" commitment to DEI efforts since President Donald Trump has taken office.
Under the new plan, the service could potentially begin fielding a mix of self-propelled howitzers in 2030, according to Maj. Gen. Glenn Dean.
As threats evolve, the winning model ties digital engineering to manufacturing capacity and a reindustrialized supply chain.
Most of the money would shore up buys for three Virginia-class subs, while some funding would go to help industry improve its productivity.
To help fight inflation, the Pentagon was given $1.05 billion to disperse to industry. Now, documents reviewed by Breaking Defense and interviews with key officials reveal how and why certain programs won out.
As post-COVID-19 supply chain issues persist, General Dynamics Electric Boat has "outpaced" some key suppliers, forcing out-of-sequence work that's driving up costs and delaying construction.
With the contract, the Navy now has agreements in place to buy up to 17 of the planned 20 ships in the class.