A Defense Department official who briefed reporters at the Pentagon today said acting Defense Secretary Pat Shanahan did not play a direct role in the decision to buy Boeing's F-15EX, citing an ethics agreement that barred Shanahan from doing so.
As the Army pursues a massive reorganization of funding in its fiscal year 2020 budget request -- to the tune of $33 billion across the five-year defense plan -- service leaders are already deciding how to squeeze out more money in FY-21 and beyond for their top modernization priorities.
The Navy's new 30-year shipbuilding plan anticipates it will cost $40 billion then-year dollars to sustain the 355-ship fleet the Navy envisions achieving in FY-34.
The Navy has delayed its purchase of the last Expeditionary Sea Base vessel to fiscal year 2023 so the service can pursue "higher-priority ship procurements," according to a Navy official.
The Navy plans to ask Congress for fiscal year 2021 advance procurement money to refuel a Nimitz-class aircraft carrier if lawmakers prevent the service from retiring the vessel early.
FLIR Systems is refocusing its attention on its government and defense business, making significant acquisitions to bolster its unmanned work and opening a new headquarters in Arlington, VA, to be closer to the Pentagon.
The Defense Department is requesting $75 million in fiscal year 2020 for a new fund to increase U.S. financing of dual-use technologies currently propped up by investments from China.
LMI Ventures, the new venture capital fund created by LMI, will focus on key technology areas that could benefit the company's customers and seek to make small bets in early-stage companies, according to LMI's chief executive.
As the Army pursues a massive reorganization of funding in its fiscal year 2020 budget request -- to the tune of $33 billion across the five-year defense plan -- service leaders are already deciding how to squeeze out more money in FY-21 and beyond for their top modernization priorities.
The Pentagon has submitted to Congress a list of military construction projects from around the globe that could be delayed to finance the construction of a wall on the southern border.
The Pentagon has produced new data breaking down state-by-state impacts of defense spending at the county-level so local officials can build "resiliency" into their workforces and supply chains, according to Patrick O'Brien, director of the Office of Economic Adjustment.
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