Friday, April 19, 2024
Friday, April 19, 2024
Defense contractors' quarterly earnings, the Joint Strike Fighter, the situation in the Asia Pacific and more highlight this Wednesday INSIDER Daily Digest.
It's corporate earnings season:
Defense contractors remain upbeat on defense spending -- but warn of uncertainty
Executives from some of the largest defense contractors on April 26 reported bolstered profits in the most recent quarter and struck an upbeat tone about U.S. defense spending, though one executive said the increase will likely be modest.
Joint Strike Fighter news:
Newest version of F-35 ALIS software approved for delivery
The F-35 joint program office has approved the newest version of the jet's diagnostic health management system for installation at Air Force and Navy sites, after several months of delays.
DOD to seek at least $650M in FY-18 for new F-35 bulk parts purchase initiative
The Pentagon plans to seek more than $650 million in fiscal year 2018 to finance bulk purchase of parts for F-35 Joint Strike Fighter production, an initiative congressional auditors say may be premature but which the Defense Department says will produce future savings in tandem with a potential multiyear block-buy package from foreign governments.
The head of U.S. Pacific Command testified on Capitol Hill this morning:
Navy can only meet half of submarine requirements in Pacific
The Navy can only meet half of the requirements for attack submarines from U.S. Pacific Command, according to a top military officer.
Document: House hearing on the Asia Pacific
Army contracting news:
Army, industry leaders stress need for collaboration on contracting
Collaboration among the Army's requirements generators, contracting communities and industry is critical to streamlining the acquisition process, according to participants in an April 26 event hosted by the Association of the United States Army.
More Army news:
Army National Guard official outlines SHORAD plans
A short-range air defense unit will be sent to Europe next spring to augment the maneuver force, the chief of the 263rd Army Air and Missile Defense Command said this week.
Army Aviation community set to convene in Nashville for AAAA
This week's gathering of the Army aviation community is expected to include insights from senior service leaders and previews of potential future platforms from industry.
ARNG director outlines end-strength plans
The Army National Guard plans to use the higher end strength authorized by Congress to improve the readiness of its "urgent units," according to its director, Lt. Gen. Timothy Kadavy.
Army intel chief examines technology use
As the Army continues to adapt to changing warfare, the service needs to look at how it uses technology, according to the service's deputy chief of staff (G-2).