General Dynamics CEO Phebe Novakovic to step down in 2027
Novakovic, who has led GD since 2013, will be succeeded by Danny Deep on Jan. 1.
Defense execs feel good about Pentagon spending despite uncertainty on FY27 budget
“I know there's lots of discussions on budget amounts and mechanics, but what I can tell you, as we engage with Congress, is there's a bipartisan support for increased munitions," RTX CEO Chris Calio said during a July earnings call.
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Why Bigger Fences Aren’t Enough in the Age of Drones
Traditional thinking about how to protect facilities must adapt to new threats such as drones or downstream attacks.
Navy awards $76.6B in contracts for new Virginia, Columbia-class subs
General Dynamics Electric Boat and HII’s Newport News Shipbuilding jointly build the Virginia and Columbia-class submarines.
General Atomics wins contract for Army’s ERAP program, joining two other vendors
General Atomics Electromagnetic Systems joins General Dynamics Ordnance and Tactical Systems and BAE Systems in the competition to develop the Army's next 155mm variant.
Space Force tasks a dozen companies for Golden Dome space-based interceptors
The service pledged it would demonstrate an “initial capability” for the orbital missile killers by 2028.
Marine Corps awards Textron, General Dynamics second rapid ARV prototype contract
The Marine Corps is seeking an ARV “family of vehicles” for the program, each outfitted with unique capabilities to support mobile reconnaissance.
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AGVs vs. UGVs: A new class of ground autonomy takes the field
One commander, many robots: Fully autonomous ground vehicles are reshaping the battlefield.
Army official ‘not happy’ as Mesquite facility’s 155mm production lags
“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.
As defense primes try to mollify Trump, dividends seem likely to continue
Companies vowed to increase capital expenditures in 2026, with some also signaling plans to stop stock buybacks this year.
How defense contractors invest their money, in 4 charts
In the wake of Trump's executive order limiting Pentagon contractors' spending, take a look at eight companies' dividends, stock buybacks and more.
Navy awards General Dynamics $1.7B contract for two more fleet oilers
“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.
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Weaponizing the supply chain for a liquid-fueled howitzer-fired munition that flies 150 km
The goal of such weaponization is to tie warfighter needs to the RDT&E cycle.
Government shutdown delaying contracts, but no major financial impact yet, defense CEOs say
"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.”
Army ‘hitting stride’ with 155mm production, but general worries over what’s needed next
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.”
Top US defense primes record minimal tariff impact in Q1 earnings
The six largest US defense firms all reported quarterly results this week, and the potential impact of tariffs was front and center.
Navy contractor KEEL to spend $70M on new facilities for submarine fabrication
“We’re purpose building KEEL to help solve the capacity challenges in nuclear Navy shipbuilding,” KEEL's Chief Executive Brian Carter told Breaking Defense.