A downturn in defense spending may create some “attractive” pricing on companies Lockheed Martin may want to acquire, and it has the cash to pick up some bargains, company President and Chief Executive Officer James D. Taiclet said in a second-quarter earnings call July 21. ...
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The Pentagon will acquire eight F-35A jets previously bound for Turkey, plus six more F-35As under an $861.7 million contract. The contract modifies a previous fixed-price award and “exercises options to procure eight Lot 14 F-35A Lightning II repositioned aircraft as a result of the ...
Heidi Grant, once the Air Force's top weapon exports official, will now lead the Defense Security Cooperation Agency, marking a shift from uniformed to civilian leadership at that agency. DSCA's current leader, Army Lt. Gen. Charles Hooper, is retiring. Grant will oversee arms sales that ...
The Air Force is making a big push to move blockchain, the much-hyped cryptographic technology that powers Bitcoin and most other digital currencies, from the lab to the battlefield. Because it creates an unforgeable and unalterable record, advocates see blockchain as invaluable for protecting data, ...
The Air Force will have the first two F-15EXs in hand for testing in about six months, Boeing's F-15 Vice President and Program Manager Pratyush Kumar said. His comments come just two days after the Air Force officially launched the program with a contract worth ...
The Boeing-Saab T-7A Red Hawk advanced trainer is making progress despite the COVID-19 pandemic, with 80 percent of developmental testing complete and the first engineering and manufacturing development aircraft under construction, Boeing officials reported July 14. The T-7 has shown “fighter-like” performance and will be ...
House appropriators want to severely limit funding for the Air Force's new Advanced Battle Management System, while also restricting the series of ABMS exercises. The Air Force's fiscal 2021 budget calls for more than $302 million for ABMS —its “system of systems” linking space, air, ...
Michael J. K. Kratsios, the White House’s 33-year-old chief technology officer, is the new acting undersecretary of defense for research and engineering, effective July 10, the Pentagon announced July 13. He fills in behind Michael D. Griffin, whose last day was also July 10. Griffin ...
The Pentagon is expected to name the acting undersecretary of defense for research and engineering as early as July 13, with the department’s current director of defense, research, and engineering for modernization to perform the duties in the interim. Michael D. Griffin, who held the ...
