Senate Armed Services Committee Chairman Jack Reed (D-RI) said today a new executive order from President Biden to review the U.S. defense industrial base is the start of a "major effort" to secure national supply chains, despite challenges posed by China's key role in the global marketplace.
Defense Business Alert
February 24, 2021
February 24, 2021
Sierra Nevada Corp. has filed a complaint with the Government Accountability Office against the Air Force's solicitation for a nearly $1 billion HH-60W Combat Rescue Helicopter upgrades contract the service is sole sourcing to Sikorsky.
February 23, 2021
Austal USA President Craig Perciavalle has resigned following an investigation into the company's Littoral Combat Ship program, Austal announced today.
February 22, 2021
The Pentagon has entered arrangements with three universities to study key areas related to contract finance and pricing that could impact the way defense contractors are paid.
February 16, 2021
A tank assembly line cannot be transitioned to work-from-home.
February 16, 2021
Peraton earlier this month rolled out a new structure of four sectors -- but that organization will only be temporary as the company prepares to complete another significant acquisition.
February 10, 2021
As the State Department pauses multiple foreign arms deals, defense contracting executives say they expect some potential delays, but remain optimistic international sales will mostly move forward.
February 2, 2021
Plans to separate the CMMC Accreditation Body's authorities to certify and train assessors is a positive sign, according to a leading defense industry association, but the trade group says they will keep a close watch on the rollout of the reorganization.
February 2, 2021
In a new report released today, the National Defense Industrial Association, partnered with Govini, gives the health and readiness of the defense industrial base a "C" grade, unchanged from last year.
January 28, 2021
Northrop Grumman said today it will exit by the end of the year a contract it inherited through acquiring Orbital ATK that supports testing cluster munitions components.
January 26, 2021
Lockheed Martin is preparing a plan on the future of work, which it says will result in a footprint reduction of at least 2 million square feet in the coming years.
January 25, 2021
The chief executive of Huntington Ingalls Industries says the company, which has made multiple unmanned acquisitions in recent years, will continue to keep spending in the area.
January 21, 2021
With the acquisition of DynCorp International under its belt, Amentum is now assessing the two companies' business systems, technology and processes as it prepares for a reorganization, according to Amentum's chief executive.
HII CEO says company likely won't be able to make up all delays, cover all costs related to COVID-19
The chief executive of Huntington Ingalls Industries says the company has returned to its pre-pandemic production rate -- but the company lost time and money it will likely not fully recover.
January 15, 2021
A bipartisan panel of current and former government officials, including Pentagon acquisition chief Ellen Lord and Sen. Mark Warner (D-VA), spoke Thursday about threats to the U.S. defense industrial base, specifically addressing the tension between on-shoring to protect supply chains and competing with China around the globe.
January 13, 2021
Pentagon officials today released more details on a revamped, digital version of the Trusted Capital Marketplace, highlighting how the program will stave off "adversarial capital" by linking vetted sources of finance with defense companies requiring investment.
January 12, 2021
Several defense contractors confirmed today that they have paused their political action committee giving while assessing the insurrection at the Capitol last week.
December 31, 2020
GM Defense hopes to grow further after it won its first major Army contract in June, Jeff Ryder, the company's vice president for growth and strategy, said during an interview with Inside Defense earlier this month.
December 23, 2020
The Government Accountability Office this week dismissed Raytheon's most recent protest of a Space Development Agency contract for wide-field-of-view satellites.
December 22, 2020
The Pentagon and Congress have yet to fully reckon with the costs the COVID-19 pandemic may have imposed on the U.S. defense industrial base, including the roughly $11 billion defense officials tell lawmakers is needed to rectify the situation.