A trio of large defense contractors belive their financial futures are secure in 2020 and 2021 – even with COVID-19 and a slowed federal budget process.
More than potential supply chain gaps or funding cuts, defense industry productivity during COVID-19 is threatened most by closed schools and a lack of childcare, company executives and government officials have said in the last several weeks.
Almost three months after arriving in Guam, a pair of MQ-4C Triton autonomous, unmanned aircraft have integrated into fleet operations and training flights and stretched the Navy’s maritime domain awareness across the Indo-Pacific, according to the Navy. Read More
The defense sector appears more insulated from the worst financial effects caused by the COVID-19-related economic slowdown when compared to other industries.
THE PENTAGON – The Navy wants to truncate production of the legacy F/A-18E/F Super Hornet in favor of pumping money into accelerating the development of its long-gestating next-generation carrier-based fighter program, the service revealed in its Fiscal Year 2021 budget request. Read More
The Navy will focus in 2020 on developing hypersonic weapons at breakneck speed, with testing to occur throughout the year, Acting Secretary of the Navy Thomas Modly said Friday in a message to the fleet.
About a year later than initially expected, the first two MQ-4C Triton unmanned aircraft arrived in Guam over the weekend, marking a significant step toward increasing the Navy’s Western Pacific reconnaissance and surveillance capability, the service announced this weekend. Read More
The Navy awarded Northrop Grumman a pair of contracts worth nearly $287 million to buy unmanned surveillance aircraft and to develop upgraded tactical jamming capabilities on manned aircraft. Read More
WASHINGTON, D.C. – The Navy is unclear how it will proceed with its next generation of aviation combatants following the introduction of the F-35C Lighting II Joint Strike Fighter into the carrier air wing, Chief of Naval Operations Adm. Mike Gilday said on Thursday. Read More
By agreeing to a second short-term spending bill early in Fiscal Year 2020, Congress and President Donald Trump will keep government agencies open for another month, a move the defense industry says is better than the alternative, but not a great long-term strategy. Read More