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Defense Business Alert

June 24, 2020 | Daily News

The Senate Armed Services Committee has approved a fiscal year 2021 defense authorization bill that would repeal a previous provision requiring large defense contractors to reimburse the Pentagon for the cost of processing losing bid protests.

June 24, 2020 | Daily News

New space technology company Redwire said this week it has acquired Made In Space, which provides on-orbit space manufacturing technologies.

June 22, 2020 | Daily News

Pentagon acquisition chief Ellen Lord said today the defense industrial base is making an "enormous recovery" after a three-month slowdown caused by the COVID-19 outbreak, but she stressed the continued need for supplemental funding in the "lower double-digit" billions to reimburse contractors for pandemic-related disruptions.

June 16, 2020 | Daily News

ManTech International's move from a two-group to three-division structure is a "natural" move that will be mostly complete by the end of the year, according to the company's chief executive.

June 16, 2020 | Daily News

The Defense Department inspector general intends to audit sole-source depot maintenance contracts performed at contractor facilities to determine whether the military has negotiated "fair and reasonable" prices.

June 11, 2020 | Daily News

The top Republican and Democrat on the Senate Armed Services Committee said today they support Pentagon acquisition chief Ellen Lord's assessment that the Defense Department will need billions in supplemental funding to reimburse contractors for costs related to COVID-19.

June 11, 2020 | Daily News

Some of the largest defense contractors say they're seeking to work with Congress to change or reverse a portion of the 2017 tax legislation that would, effective in 2022, require companies to delay writing off research and development costs.

June 02, 2020 | Daily News

The chief financial officer of Lockheed Martin said today the company is "exploring" whether it makes sense to adjust for the cost effects of the coronavirus outbreak at a "corporate macro level," rather than altering each program.

May 29, 2020 | Daily News

Federal Communications Commission Chairman Ajit Pai says he personally spoke with Defense Secretary Mark Esper prior to the FCC approving Ligado Networks' controversial spectrum license, and Pai pushed back on Pentagon claims in a new letter to lawmakers.

May 29, 2020 | Daily News

The chief executive of Mercury Systems says the company is not expecting the ongoing coronavirus outbreak to delay production or to slow its hiring.

May 29, 2020 | Daily News

The economic slowdown brought on by COVID-19 could set back the Pentagon's nascent efforts to leverage commercial technologies, as venture capital funding recedes and big money government contracts for nontraditional companies remain elusive, according to new reports and interviews with Silicon Valley insiders.

May 25, 2020 | Daily News

As Congress debates whether the Pentagon needs more money to cope with the coronavirus outbreak, Huntington Ingalls Industries' chief financial officer said the Defense Department will certainly need additional funding to cover the increased costs of delayed programs -- even if it opts not to help contractors.

May 19, 2020 | Daily News

Despite Airbus making a series of objections to the Navy's technical assessment of its proposal for a new training helicopter, the Government Accountability Office found the company's allegations are "without merit," according to a summary of the watchdog's decision.

May 11, 2020 | Daily News

A group of industry associations says it is "strongly opposed" to several Pentagon proposals to reform the defense contracting process, including provisions intended to counter controversial pricing practices used by TransDigm.

May 06, 2020 | Daily News

Pentagon officials appeared before the Senate Armed Services Committee today to call on the Federal Communications Commission to reverse its order approving Ligado's L-band network license, but some senators questioned the Defense Department's vehement opposition to the approval.

May 06, 2020 | Daily News

Though many defense contractors say they're now taking a break from mergers and acquisitions, some say they expect to be able to capitalize on a wave of deals once the COVID-19 pandemic has come to an end.

April 30, 2020 | Daily News

Pentagon acquisition chief Ellen Lord said today that for the first time since the outbreak of COVID-19, more defense companies are re-opening than closing.

April 29, 2020 | Daily News

The leaders of both General Dynamics and Northrop Grumman said today they are seeing some employees fail to show up for work, but said they expect absentee rates to soon improve.

April 29, 2020 | Daily News

House Armed Services Committee Chairman Adam Smith (D-WA) said today he doesn't think the Defense Department should receive industrial base stimulus money in an upcoming COVID-19 rescue package, but the DOD acquisition chief says the department is planning to ask for billions.

April 28, 2020 | Daily News

The Pentagon is gaining new insights about risks to its international supply chain due to efforts to monitor and shore up the defense industrial base during the economic downturn caused by COVID-19.