Defense Firms Join Wall Street, Tech Giants & Shut Hill Money Spigot
Northrop Grumman, Leidos, and Huntington Ingalls have paused political contributions, and one defense expert expects more to join in
Northrop Grumman, Leidos, and Huntington Ingalls have paused political contributions, and one defense expert expects more to join in
The disclosure comes as the Pentagon has been looking for ways to backstop key parts of its industrial base as supply chains slowed due to the COVID epidemic.
Explore how networked warfare, AI, and 3D-printed drones are reshaping US Indo-Pacific strategy.
The biggest defense manufacturers in the world warned the Pentagon and OMB of "significant job losses in pivotal states" if Congress doesn't come up with stimulus money to cover unforeseen expenses.
With contractors on the way, the union and the company remain at an impasse even as seven Navy destroyers languish pierside.
There are no talks scheduled between striking union workers and General Dynamics Bath Iron Works, but leaders have started exchanging letters.
The Navy will recompete the program after the first 10 ships are under contract, leading to a new award and another bite at the apple for the bidders who lost out the first time around.
"I think a three month slow-down in program activity is an optimistic projection based on the level of damage the economy is currently sustaining."
Acquisition chief Ellen Lord says she'll likely ask Congress for billions more to help the defense industry.
The Navy is pushing full-speed ahead, and its acquisition chief said the service is prepared to make other programs pay to keep on track.
Navy Secretary Richard Spencer continues to lay into aircraft carrier builder Huntington Ingalls, as his acquisition chief tries to smooth things over on Capitol Hill.
Richard Spencer was taking no prisoners in remarks today, accusing Congress of failing to fund his plans and spreading "disinformation" about shipbuilding programs.
Presumptive CNO Vice Adm. Mike Gilday is forced to answer for years of Navy problems.
The Navy's new $13 billion carrier has run into trouble, and the Navy has called in some outside help.
The move could save more than $30 billion over 25 years to invest in high-tech weapons -- but Congress is sure to explode in outrage.