Business
Boeing’s Coronavirus Losses Now Bleeding Into Its Defense Accounts
More layoffs, production slowdowns and factory closures are being considered, executives said.
Raytheon CEO Projects Three-Year Coronavirus Downturn
It’s ‘a hell of a lot worse than what we originally projected,’ says the head of the new company formed by the United Technologies-Raytheon merger earlier this year.
Trump Eases Restrictions On Armed Drone Sales Abroad
US says changes needed to compete with China, but critics say it may only alienate allies.
Progressives Mount Assault on Defense Spending Ahead of Stimulus Package, Election
During a House Oversight and Reform Committee hearing, one Democrat questioned defense firms access to coronavirus stimulus money.
New CEO Wants Lockheed to Become a 5G Player
And Jim Taiclet wants the government to underwrite its new direction.
US May Need to Nationalize Military Aircraft Industry, USAF Says
That’s unless the Air Force can find a way to keep both competition and the few remaining U.S. plane-makers alive, the service’s acquisition chief said.
We Need $10B to Pay Contractors’ Coronavirus Expenses, Pentagon Tells Congress
It’s the first time a defense official has put a specific price tag on DoD’s COVID relief efforts.
'How Much and How Fast': Biden Watchers Anticipate Defense Spending Crunch
Part 4: From the size of the US military to outdated 'legacy' weapons, experts say something has to give.
GM Believes Army Troop Transport Deal Is Jumpstart to More Military Work
Now the company has its sights on Marine Corps, international, and more Army contracts.
Lockheed Says It’s Hired 8,300 Since Coronavirus Hit
The company also says it sent $1.1 billion in accelerated payments to keep suppliers afloat amid COVID-19.
Trump Says Wisconsin Shipyard’s ‘Location’ Swayed Navy’s Frigate Award
The president also claims he’s made the service’s ships more beautiful.
Top Navy Official ‘Very Concerned’ About Strike at Maine Shipyard
About two-thirds of Bath Iron Works’ workers walked off the job on Sunday.
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