Business

New CEO Wants Lockheed to Become a 5G Player

And Jim Taiclet wants the government to underwrite its new direction.

Business

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.

Business

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.

Business

'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Part 4: From the size of the US military to outdated 'legacy' weapons, experts say something has to give.

Policy

We Don’t Have Enough Cash to Build New Nuclear Weapons, Says Air Force Chief

Nukes or conventional weapons, “the current budget does not allow you to do both,” says Gen. Dave Goldfein, suggesting Congress create a separate account.

Business

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.

Business

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.

Policy

The Pentagon's Research Chief and His Deputy Are Resigning

Michael Griffin, defense undersecretary for research and engineering, and his deputy announced their July 10 departure in an email to staff.

Business

Pentagon Starts Bailing Out Companies That have Lost Business Due to Coronavirus

The Defense Department is sending millions of dollars to keep companies afloat, and more deals are expected.