The sweeping COVID-19 stimulus package passed in March does not cover more than $1 billion in COVID-19-related costs run up by the defense contractors, Ellen Lord, the undersecretary of defense for acquisition, told lawmakers Wednesday.
The Navy is moving forward with its plans to take advantage of a commercial aviation slowdown by accelerating new orders, buying spare parts and conducting depot maintenance – all in conjunction with the other services, to get the maximum benefit of what the industry has to offer even while combating the COVID-19 pandemic. Read More
The shipbuilding, aviation and small space launch sectors are the three hardest-hit by the COVID-19 pandemic within the defense industrial base, according to the under secretary of defense for acquisition and sustainment, despite a slew of memos and authorities signed out by the Pentagon to relieve pressure from sick workers and facilities closures. Read More
This post has been updated to include information from a press briefing by Acting Secretary of the Navy Thomas Modly and Chief of Naval Operations Adm. Mike Gilday, as well as additional information from industry.
THE PENTAGON – The Navy and the Pentagon are trying to help the defense industrial base stay viable and productive during the coronavirus outbreak while also ensuring workers are kept safe and healthy. Read More
Lockheed Martin and the F-35 Lightning II Joint Program Office inked a long-awaited $34-billion deal to build the next three batches of 478 stealthy fighters.
The F-35 Joint Strike Fighter is performing well in the real world, but challenges incorporating it into a Defense Department simulation system will delay DoD from being able to move into full-rate production, the Pentagon’s top weapons-buyer told reporters today. Read More
THE PENTAGON – As the Defense Department continues its push to speed up and simplify acquisition, it’s doing so in part by allowing select subsystems within larger programs to be exempt from more stringent rules on acquisition and cybersecurity. Read More
THE PENTAGON – The Defense Department’s effort to connect sources of capital with small companies that need investment will begin with a focus on those that design and manufacture small unmanned aerial systems, the Pentagon’s acquisition chief told reporters today. Read More
Lockheed Martin is confident new customers will step forward to buy the F-35 Lighting II Joint Strike Fighters intended for Turkey, company executives said during a Tuesday conference call with analysts. Read More
THE PENTAGON – Turkey is being excised from the F-35 Lighting II Joint Strike Fighter program, and the U.S. will pay an estimated $500 to 600 million to retool the program in the aftermath, the Defense Department’s acquisition chief told reporters on Wednesday. Read More