Defense Contracts

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Congress heads into a pivotal week that will test whether President Biden and House Speaker Kevin McCarthy can win enough support for a deal to raise the debt ceiling before June 5. Congress heads into a pivotal week that will test whether President Biden and House Speaker Kevin McCarthy can win enough support for a deal to raise the debt ceiling before June 5. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In…

Boeing Co. BA 1.15% said it plans to end production of the F/A-18 Super Hornet combat jet in 2025, closing a chapter on a Navy workhorse featured in the movie “Top Gun: Maverick.” The future of Boeing’s combat jet production has been in doubt for a decade as orders dwindled. The company continues to make F-15EX fighters, and it said resources would be focused on support aircraft and a potential new generation of crewed and uncrewed…

The two largest U.S. defense contractors said ongoing supply chain challenges are hampering efforts to deliver on record weapons orders, driven by the conflict in Ukraine and tackling China’s military expansion. Lockheed Martin Corp. LMT 0.54% said worker shortages have hampered production, while the Pentagon has sped up purchases of weapons headed to Ukraine. Raytheon Technologies Corp. said it would be the end of the year or beyond…

Lockheed Martin Corp. said it has filed a protest against the Army’s decision to award Textron Inc. the contract to build a new fleet of helicopters that analysts estimate could be worth up to $80 billion. The Army’s Future Long Range Assault Aircraft program is one of the Pentagon’s priorities, aiming to replace hundreds or even thousands of UH-60 Black Hawk helicopters made by Lockheed’s Sikorsky arm. Lockheed…

Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs on several defense programs, including the US presidential jet Air Force One. The performance woes in defense – which also affected the KC-46 refueling and military transport aircraft and the T-7A Air Force pilot training system – reflect the drag from supply chain problems that have plagued the broader economy, as well as the restrictive nature of government contracts. Investors initially took the…

The Pentagon is set to expand its use of Elon Musk’s SpaceX satellite capabilities despite a recent dispute between the two sides over the funding of satellite-based internet services for an embattled Ukraine, according to government documents.Space Exploration Technologies Corp., the formal name for the company that Mr. Musk founded more than two decades ago, is already a major Pentagon contractor, handling sensitive national-security launches on its rockets. Those ties are set to grow into…

A tiny business for 3Mfoam earplugs for the U.S. military—threatens to become a major liability for the manufacturing giant.More than 100,000 U.S. military veterans have filed lawsuits against Minnesota-based 3M over hearing damage linked to what they claim are defects in the company’s military-grade earplugs. The company faces billions of dollars in potential costs from legal settlements or trials after soldiers alleged they returned from war with hearing damage due to the earplugs, which the government bought for…