President Donald J. Trump on Sept. 30 issued an executive order declaring U.S. dependence on China for rare-earth elements a “national emergency,” directing a multi-agency review and action before the election to establish domestic sources of the materials, which are used in a range of ...
Industry moves to mitigate the initial effects of the COVID-19 pandemic mean the full impact has yet to be felt, Pentagon acquisition and sustainment chief Ellen M. Lord said Sept. 9 at a Defense News virtual conference. Reduced efforts over the past six months will ...
The Air Force's Ground-Based Strategic Deterrent program has passed its preliminary design review, clearing the way for an award of the engineering and manufacturing development contract by the end of September. If all goes as planned, the new intercontinental ballistic missiles will be deployed to ...
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. ...
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 ...
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 ...
Boeing has incurred another $148 million in losses for its KC-46 tanker program due to higher than expected manufacturing costs, as the company works with the Air Force to address continued deficiencies in the tanker’s capabilities. The company disclosed the losses in a Jan. 31 ...