This Friday INSIDER Daily Digest has coverage from this year's Quad-A conference in Nashville, plus news on defense contractor earnings and more.
We start off with coverage from this year's Quad-A conference in Nashville:
NASHVILLE, TN -- Army leaders said this week they expect the Future Long Range Assault Aircraft to enter milestone B in the third quarter of fiscal year 2024.
NASHVILLE, TN -- Army Chief of Staff Gen. James McConville said the service's priority for future vertical lift must be getting the Future Long-Range Assault Aircraft and Future Attack Reconnaissance Aircraft "over the hump," meaning quickly fielded and transitioned to being programs of record.
NASHVILLE, TN -- The Army must continue to improve its enduring aircraft fleets and simultaneously move ahead on future vertical lift priorities, Chief of Staff Gen. James McConville told an audience at the Army Aviation Association of America's annual conference Thursday.
On April 21, Bill LaPlante, the Pentagon’s acquisition executive, approved a recommendation to transition the Glide Phase Interceptor program from the Material Solutions Analysis phase into Technology Development, the equivalent of a milestone A review:
Defense Department leaders last week approved the Glide Phase Interceptor program to proceed into technology development, signaling support for the Missile Defense Agency's proposed acquisition strategy and plan to mature technologies essential to producing a guided missile designed to hunt down and destroy enemy hypersonic glide vehicles.
Boeing and Northrop Grumman executives discussed their quarterly earnings this week:
Boeing experienced a loss of $245 million in the first quarter of fiscal year 2023 due to added costs on the Air Force's KC-46A tanker program, the company disclosed in an earnings call Wednesday.
Funding increases requested in the Defense Department's fiscal year 2024 budget reflect good opportunities for revenue growth for some of Northrop Grumman's key programs, executives said during the company's first-quarter earnings call Thursday morning.
Lockheed Martin has nabbed a multibillion-dollar Guided Multiple Launch Rocket System contract:
The Army has awarded Lockheed Martin a $4.7 billion contract modification to produce additional Guided Multiple Launch Rocket Systems, a weapon that has proved critical in ongoing U.S. support to Ukraine.