Boeing will pay another $67 million out of pocket for the KC-46 program, a cost attributed to COVID-19-related cost overruns and productivity deficiencies, though company leaders say the tanker won't be a “drag” on the company’s bottom line much longer. In a third quarter earnings ...
The "Industry Perspectives: How to Align Private Sector with Requirements of the USSF" panel held as part of the Air Force Association's virtual Air, Space & Cyber Conference featured a discussion with Tory Bruno, Bruce Chesley, Blake Larson, and Rick Ambrose.
Boeing on April 13 reopened some of its production lines, including work on the Air Force's new KC-46 tanker, which had been closed for weeks due to the coronavirus pandemic. The company also is restarting work on the Navy's P-8 at its Renton facility and ...
Florida’s 45th Space Wing is aiming to keep as much regular order as possible as the coronavirus pandemic unfolds, reviewing launch plans and hoping the virus remains at bay. Patrick Air Force Base and Cape Canaveral Air Force Station aim to execute 49 military and ...
House Armed Services Committee Chairman Rep. Adam Smith (D-Wash.) told reporters April 7 the coronavirus pandemic will put more pressure on the armed forces to make smart investments and cut down on wasteful spending as the U.S. faces flattening budgets and tough economic times ahead. ...
Lockheed Martin was awarded a $4.7 billion contract modification for 78 F-35 combat aircraft, including 48 F-35As for the U.S. Air Force, 14 F-35Bs for the Marine Corps, and 16 F-35Cs for the U.S. Navy and “associated red gear,” according to a March 31 contract ...
Massive spending to combat the coronavirus pandemic may suppress defense spending and therefore defense stock prices, which have tanked to the tune of more than 30 percent in the last month, according to defense and aerospace analyst Byron Callan of Capital Alpha. Congress may also ...
The Pentagon has started a daily dialogue with its top vendors as it attempts to measure and mitigate the impact of the COVID-19 crisis on the defense industry. Meanwhile, Boeing and Lockheed Martin said production on major acquisition systems like the KC-46 tanker and F-35 ...
Northrop Grumman is pitching the Air Force a new battle management system, which it hopes to incorporate into future Advanced Battle Management System experiments. The system is designed to be completely heterogeneous with a sliding scale of autonomy, so there is a network of capability ...
A health of the defense industrial base was given a grade of "C" by the National Defense Industrial Association in a report released Feb. 5. The NDIA says the report will be issued annually to gauge whether the industrial base is able to surge at ...
Turkey will be mostly out of the F-35 by March, and all the way out by the end of 2020, Pentagon acquisition and sustainment chief Ellen Lord said Jan. 14. Lord said there’s been no discussion with Ankara about the disposition of four F-35s owned ...