Raytheon Ejects from T-X

Raytheon and partner Leonardo have withdrawn from the Air Force T-X trainer competition as a team, the companies said in a joint press release on Wednesday. The announcement comes on the eve of Raytheon releasing its 2016 financial results and...

Boeing Reports Decline in 2016 Defense Revenue

Boeing’s 2016 commercial deliveries helped offset a decline in the company’s defense sector, according to the fourth quarter and year-end earnings report, which was released on Wednesday. Overall revenue dropped from $96.11 billion in 2015 to $94.57 billion in 2016....

Mulvaney, McCain Duel Over Military Budget

Sen. John McCain (R-Ariz.) and Rep. Mick Mulvaney (R-S.C.) shared a heated exchange Tuesday over the importance of military budgets at Mulvaney’s Senate confirmation hearing to be the next director of the Office of Management and Budget. “I am deeply...

ISIS Showing Signs of Desperation in Iraq

As Iraqi Security Forces, supported by US-led coalition partners, established control over the eastern part of the city of Mosul Tuesday, coalition forces saw signs that ISIS’ command structure is deteriorating and its fighters are growing desperate, Army Maj. Gen....

Mattis to Travel to the Pacific for First Trip as SecDef

Defense Secretary James Mattis’s first official trip will be to Japan and South Korea Feb. 1-4, the Pentagon announced. His first stop will be Korea, where he will meet with South Korean MInister of National Defense Han Min Koo and...