This Friday INSIDER Daily Digest has news on Air Force and Navy air-to-air missile inventories, the Pentagon's Office of Strategic Capital releasing its Fiscal Year 2025 Investment Strategy and more.
The recently enacted Fiscal Year 2025 National Defense Authorization Act calls on the Air Force and Navy secretaries to evaluate planned deliveries of individual missile types, like the AIM-120 Advanced Medium Range Air-to-Air Missile and AIM-9 Sidewinder, through FY-29 to determine if the amount is sufficient to meet growing weapons and operational demands:
FY-25 NDAA directs Air Force, Navy to reassess air-to-air missile inventory requirements
The Air Force and Navy secretaries, along with commanders of the combatant commands, must take a deep look at existing inventory requirements for air-to-air missiles and consider whether to adjust acquisition plans, according to the Fiscal Year 2025 National Defense Authorization Act.
The Pentagon's Office of Strategic Capital has released its Fiscal Year 2025 Investment Strategy, which details how OSC will prioritize investments through credit-based financial products for critical technologies, assets and their supply chains:
DOD releases FY-25 investment strategy for strategic capital office
The Defense Department’s Office of Strategic Capital released its second annual investment strategy and opened applications for its inaugural loan program Thursday, according to a DOD announcement.
Document: OSC's FY-25 investment strategy
On Dec. 20, the Army Rapid Capabilities and Critical Technologies Office announced plans to exclusively invite BAE Systems Land & Armaments to prepare a prototype proposal for the Multi-Domain Artillery Cannon System and Hypervelocity Projectile prototypes -- a decision taken after determining no other vendor can support U.S. military schedule requirements:
Army tapping BAE to build prototype airbase defense hypervelocity projectile cannon
The Army has selected BAE Systems to produce a prototype cannon that flips its offensive punch for a defensive role as part of a wider U.S. military project to shield high-value, small-area assets by defeating cruise missile raids with a paradigm-changing capability: hypervelocity projectile gunfire.
Our colleagues at Inside Cybersecurity have a breakdown of the cyber provisions in the FY-25 National Defense Authorization Act:
FY-25 NDAA includes various cyber programs
The Fiscal Year 2025 National Defense Authorization Act, signed into law by President Biden on Christmas Eve, directs the Defense Department's chief digital and artificial intelligence officer to establish the DOD hackathon program and features a report due within 180 days from the Director of National Intelligence on "the implications of the ransomware threat to United States national security."
The Pentagon plans to set its sights via the Progress Payment Incentive Pilot (PPIP) on the timing of payments to subcontractors "in order to improve cash flow throughout the supply base," according to a recent notice:
DOD seeking industry input on progress payment pilot program for subcontractors
As the Pentagon looks to implement a pilot program that would increase the customary progress payment rate on approved Defense Department contracts by up to 10%, the agency is putting out a request for information seeking industry comment, according to a Federal Register notice published this week.