Pentagon, Boeing announce plan to triple Patriot PAC-3 seeker production
The deal follows a similar seven-year framework agreement with PAC-3 prime Lockheed Martin, announced in January, to expand interceptor production.
The deal follows a similar seven-year framework agreement with PAC-3 prime Lockheed Martin, announced in January, to expand interceptor production.
BAE Systems and Honeywell Aerospace have also inked new framework deals designed to boost munition production over the coming years.
Jules Hurst did not say when lawmakers could expect to receive the funding request, which is said to be over $50 billion.
L3Harris announced plans to conduct an initial public offering of its Missile Solutions business in the second half of 2026.
The deal comes as the Defense Department seeks to overhaul its acquisition apparatus to prioritize speed and as top officials have promised industry steady demand signals — and bigger awards — if companies make deeper investments into developing new products and expanding infrastructure.
The timing of the multi-billion-dollar request "reflects a lack of seriousness about the role of Congress in oversight and in funding,” Sen. Chris Coons told reporters.
Undersecretary of Defense for Acquisition and Sustainment Michael Duffey outlined key steps taken since an early November mandate to move out on acquisition reform.
"My job is to pressurize that decision, because the war fighting imperative, I think, is there, and and I'm trying to build a compelling case to get that decision made quickly," Chief of Naval Operations Adm. Daryl Caudle said.
By decreasing oversight, this will “empower” future PAEs and program managers to have more flexibility over their programs, Undersecretary of Defense Acquisition and Sustainment Michael Duffey said.
“There's certainly no question about the emphasis on speed, but recognizing that there's a need for judgment and flexibility in that triangle of cost schedule performance,” said Under Secretary of Defense for Acquisition and Sustainment Michael Duffey.
Duffey previously worked as the associate director at the Office of Management and Budget during Trump's first term and spent 14 years at the Pentagon.
“I’m not aware of any Signal chats that contain sensitive information,” said Michael Duffey, the nominee for the Pentagon's top acquisition job, and currently Defense Secretary Pete Hegseth's deputy chief of staff.
Trump taps billionaire investor Stephen Feinberg as the Pentagon deputy and Elbridge Colby, an outspoken former DoD official, for the head of policy.