Navy on track to beat VPM cost targets, set to forge first tube prototype in October

Jason Sherman and Lee Hudson | Sept. 23, 2016
The Navy is on track to beat cost targets set by Pentagon brass in 2013 to design and build the Virginia Payload Module -- the centerpiece of a project to stretch the length of the service's premier attack submarines by more than 80 feet and insert new tubes with the capacity to launch cruise missiles and more.

Carter: Congress' cuts 'starve' new tech investments in favor of LCS and other priorities

Tony Bertuca | Sept. 23, 2016
Defense Secretary Ash Carter criticized congressional appropriators during a Sept. 22 visit to Capitol Hill, citing proposed cuts to an array of weapon system improvement programs including electronic warfare, undersea drones and missile modernization that fall under the Pentagon's push for "Third Offset" technologies.

Air Force to update GBSD cost estimate based on industry feedback

Rachel Karas | Sept. 23, 2016
NATIONAL HARBOR, MD -- Air Force Secretary Deborah Lee James acknowledged this week that the service's cost position on the Ground-Based Strategic Deterrent differs from an independent Pentagon estimate, but said the service will continually update its numbers based on industry input over the coming years.

Defense Business Alert

Oshkosh predicts growth in defense segment

With the Joint Light Tactical Vehicle award in hand, Oshkosh's defense segment is expecting annual sales of $1.7 billion to $2 billion for a three-year period beginning in 2017.

Defense Budget Alert

AFMC commander expects modest Third Offset funding increase in FY-18

NATIONAL HARBOR, MD -- The head of Air Force Materiel Command said this week it is unclear when funding for Third Offset technology will ramp up in the service's budget request, but she noted that it is important that the service develop the necessary expertise before it invests the money needed to transition new concepts into actual technologies.