Boeing’s defense unit recorded $222 million in losses in the first quarter of 2024 on two of its main fixed-price development programs, the KC-46A Pegasus refueling tanker and the T-7A Red Hawk trainer, the company announced Wednesday.
The KC-46 suffered a loss of $128 million, Chief Financial Officer Brian West told investors in an earnings call, and the T-7′s losses amounted to $94 million.
The U.S. Air Force on Wednesday announced it selected Anduril and General Atomics to keep designing, building and testing its first batch of drone wingmen known as collaborative combat aircraft.
The decision on contract option awards marks the service’s most significant…
The Australian arm of defense company Lockheed Martin said it inked a contract to build the country’s Joint Air Battle Management System, considered foundational to the intercept of hostile missiles and aircraft.
The deal for JABMS, which will supply the…
The first F-35s to be delivered with a set of upgrades known as Technology Refresh 3 will initially be used for training flights, but will not be ready for combat until 2025, Lockheed Martin said in an earnings call Tuesday.
Lockheed chief executive Jim Taiclet told investors the company is focused on fully implementing TR-3 — a set of upgrades to the F-35′s software and hardware, including…
FORT NOVOSEL, Ala. — In the first half of fiscal 2023, more than a dozen U.S. Army aviators died in helicopter crashes, a startling number that prompted an aviation-wide standdown in April 2023.
The Army, after a thorough review, eventually lifted the standdown. But five…
SAN DIEGO, Calif. — The Defense Innovation Unit is working quickly to determine how and where to spend the nearly $1 billion Congress provided in March through the fiscal 2024 appropriations act.
The $983 million allocation, nearly $800 more than what DIU received last…
The U.S. Army is revising its artificial intelligence bill of materials effort following meetings with defense contractors.
The service last year floated the idea of an AI BOM, which would be similar to existing software bills, or comprehensive lists of components and dependencies that comprise programs and digital goods. Such practices of transparency are championed by the Cybersecurity and…
In February 2017, then-Air Force Chief of Staff Gen. Dave Goldfein issued a warning.
Speaking at the Center for Strategic and International Studies in Washington, Goldfein rattled off all the missions the Air Force must undertake: defending the U.S. against attack, operating…
The size of the U.S. Navy’s fleet and the debate over how to increase it took center stage at a Senate Appropriations defense subcommittee hearing Tuesday.
In particular, senators expressed concern after a recent study found multiple important shipbuilding programs are…
To expand the US Navy’s fleet, we must contract
April 18, 2024
There is no substitute for fleet capacity. But generating it depends on healthy partnerships between the government and industry. After decades of corporate consolidation, the pendulum now swings toward consensus that the U.S. defense-industrial base must once again expand.
Recent efforts by the Defense Department and Congress reflect this new course and a desire to attract new companies that have…
