L3Harris Technologies, and likely other defense contractors, won't continue bidding for fixed-price contracts, CEO Chris Kubasik said Thursday.
Saturday, June 3, 2023
Saturday, June 3, 2023
Key Issues AUKUS & AI EXX-TACAMO Ukraine equipment
L3Harris Technologies, and likely other defense contractors, won't continue bidding for fixed-price contracts, CEO Chris Kubasik said Thursday.
The Defense Department has awarded Raytheon Technologies a new deal as part of the project to break up the former Ground-based Midcourse Defense system continuing sustainment and development contract -- executing a potential $621 million, five-year package to keep modern and operational exoatmospheric kill vehicles in the deployed homeland defense interceptor fleet.
Several GOP senators, including Sen. Susan Collins (ME), the ranking member on the Senate Appropriations Committee, said today they want a commitment from the White House and Senate Democrats to support an “emergency defense supplemental” following the passage of a deal that would raise the federal debt ceiling and lock in defense spending at levels they deem inadequate.
OKLAHOMA CITY, OK -- In a cavernous manufacturing bay here, Boeing engineers can climb inside and around a B-52 Stratofortress bomber the Air Force loaned to the company from the boneyard.
When congressional authorizers soon begin the task of marking up the Air Force's fiscal year 2024 budget request, they will be relying in part on a recent report detailing the highest- and lowest-performing space acquisition programs.
The Defense Department is proposing to launch a $475 million, five-year project in fiscal year 2024 to begin transitioning quantum technologies for military application to press the U.S. technological advantage against all competitors across a wide range of capabilities including precision strike, space, cyber and intelligence, surveillance and reconnaissance.
L3Harris Technologies, and likely other defense contractors, won't continue bidding for fixed-price contracts, CEO Chris Kubasik said Thursday.
HII's Newport News Shipbuilding division today announced the promotion of three executives to fill the roles of upcoming retirements.
The Defense Department inspector general has found the Pentagon does not "effectively oversee" officials who mark government documents as "controlled unclassified information," potentially restricting transparency without an appropriate rationale.
The Defense Department will begin to apply customary progress payment rates for large companies signing new contracts on or after July 7, but will keep the more generous pandemic-era rates in place for existing contracts.
The Defense Innovation Unit is seeking "commercial solutions" to enable uncrewed and autonomous platforms supporting the Navy to operate in environments with intermittent, contested or denied access to communications that are "common in military operations."
The Senate has voted 63-36 to pass a bill that would raise the debt limit and cap discretionary spending levels for two fiscal years, though senior lawmakers from both parties say there is bipartisan support for supplemental funding that could boost defense and non-defense budgets.
