Leonardo, Italy’s large aerospace and defense company, said March 24 that it has postponed the initial public offering of stock in its U.S. defense electronics subsidiary known as DRS.
The UK government is planning reforms to defense procurement as part of a strategy that aims to foster a more productive relationship between government and the defense and security industry.
The Pentagon awarded multibillion-dollar technology development and risk-reduction contracts to Lockheed Martin and Northrop Grumman for the Next-Generation Interceptor (NGI), officially ousting Boeing from the competition.
Ahead of the fiscal 2022 budget rollout, 24 Republican members of the House Armed Services Committee are urging President Biden to fund nuclear triad modernization and homeland defense programs.
The nominee to lead U.S. Indo-Pacific Command says the Pacific Deterrence Initiative (PDI) is “foundational” for filling gaps in the region such as intelligence, surveillance and reconnaissance, long-range joint integrated fires and logistics under attack, but would not commit to the Guam Defense System as his top priority.
Metal 3D-printing startup Velo3D, which has targeted the aerospace and defense sector as a key customer, will become a publicly traded company in a reverse merger announced March 23 with blank-check company Jaws Spitfire Acquisition.
The future of the ground-based air defense system formerly known as Medium Extended Air Defense System (MEADS) appears fragile after procurement of the system by the German government was put on ice.
The top Republican on the House Armed Services Committee believes Democrats will try to kill the U.S. Air Force’s Ground-Based Strategic Deterrent (GBSD) program to replace the Minuteman III intercontinental ballistic missile in the upcoming budget cycle, but is confident there is not enough support for the strategy to be successful.
The UK will invest another £2 billion ($2.77 billion) in the development of its Tempest Future Combat Air System and will purchase more F-35 Joint Strike Fighters beyond the 48 currently planned, a review of the country’s defense posture has determined.
The Pentagon is diversifying the U.S. early missile warning portfolio with a mix of satellite types and sizes in different orbits to prevent unwanted missile attacks.
The U.S. Navy and Marine Corps released a new plan rounding up the services’ various aircraft, surface, and undersea unmanned systems efforts, but missed an opportunity to provide Congress and other stakeholders with details on the way ahead and other unanswered questions, analysts say.
In the ongoing thorny negotiations with Dassault Aviation on the Future Combat Air System program, Airbus appears to be willing to make concessions in governance, intellectual property and work sharing for the program to remain on track.
In an era of likely declining or stagnate defense budgets, the U.S. Army believes it is a “false choice” to choose between its vertical lift modernization efforts, although a service official acknowledged the Future Attack Reconnaissance Aircraft is the top priority.
The UK will tilt power projection towards the Indo-Pacific region in response to the growing threat posed by China, a review of the UK foreign and defense policy has outlined.
