News reports point to problems for Boeing over its development of the next generation spy satellite. The National Reconnaissance Office may greatly reduce Boeing’s work on the multi-billion dollar Future Imagery Architecture satellite program, transferring work to Lockheed Martin, according to “sources” talking to the Los Angeles Times and “officials” talking to the Wall Street Journal. The program has been beset by cost overruns and delays.
The Pentagon awarded a contract worth over $2 billion for the next batch of F-35 engines to Pratt & Whitney on June 5. The deal for Lot 17 F135 engines, totaling $2.02 billion, is expected to be completed by December 2025.