Thursday, April 25, 2024
Thursday, April 25, 2024
This Wednesday INSIDER Daily Digest has news on U.S. Abrams tanks being shipped to Ukraine, Lockheed Martin's quarterly earnings and more.
The U.S. government's decision to send tanks to Ukraine marks a sharp change in attitude, as just last week the Pentagon said it didn't want to send Ukraine a system the Ukrainians can't repair or sustain:
U.S. sending 31 Abrams tanks to Ukraine
Following Germany's decision to deliver 14 Leopard 2 tanks to Ukraine, the Biden administration has announced it will send 31 M1 Abrams tanks to aid the fight against Russia.
Lockheed Martin held its quarterly earnings call this week:
Lockheed Martin touts strong finish to 2022 in earnings call
Lockheed Martin executives touted a strong fourth quarter during a year-end earnings call Tuesday, claiming each of the company's business areas met or exceeded expectations set for 2022.
. . . as did Textron:
Textron executives confident in profitability of FLRAA despite looming protest
In spite of a recent bid protest, Textron executives said during a fourth-quarter earnings call Wednesday that they believe the Future Long-Range Assault Aircraft contract award will be a "terrific boon for the business" over the next few years.
The Pentagon's Defense Innovation Unit released its annual report today:
Pentagon's Silicon Valley outreach team highlights increased transitions in FY-22
More than doubling the number of transitioned programs from last year, the Defense Innovation Unit touts its success in switching commercial, emerging technology prototypes to full production deals for the Defense Department in a new report.
Document: DIU's annual report
The Government Accountability Office released a new report on the Navy's Columbia-class submarine program this week:
Navy to improve Columbia schedule monitoring as auditors warn of potential delays
The Navy will take steps to improve its schedule risk oversight of the Columbia-class submarine program and the resulting risks to the nuclear shipbuilding enterprise, in line with advice from government auditors who warn that no risk analysis has been performed on the lead submarine's construction schedule.
Document: GAO report on the Columbia-class submarine program
The Pentagon's top weapons tester disclosed an unreported test of the Ground-based Midcourse Defense system last year:
MDA conducted non-intercept GMD test in 2022 to assess addition of new capabilities
The Missile Defense Agency last year conducted a test of the Ground-based Midcourse Defense system, not previously reported, that was designed to assess capabilities to defend against threats to the United States from a North Korean intercontinental ballistic missile.
Document: DOT&E's 2022 annual report