Tuesday, May 14, 2024
Tuesday, May 14, 2024
The Navy's FFG(X) and Ship to Shore programs, defense contractor earnings and more highlight this Thursday INSIDER Daily Digest.
The Navy recently held an industry day on the future frigate program:
Navy prioritizes capability, affordability, schedule for future frigate program
The Navy is prioritizing capability, affordability and schedule -- in that order -- for the guided-missile frigate replacement program, according to industry day slides obtained by Inside Defense.
Document: Navy's FFG(X) industry day briefing slides
Continued coverage of the Navy's latest Selected Acquisition Reports:
Navy must rebaseline Ship to Shore Connector program because of schedule breach
The Navy's Ship to Shore Connector program must be rebaselined because of a test and training craft delivery schedule breach, according to a selected acquisition report obtained by Inside Defense.
A new Air Force missile contract is out:
Air Force awards Lockheed's first LRASM production contract
Lockheed Martin inked the $86.5 million sole-source production contract for its first lot of Long-Range Anti-Ship Missiles this week, according to a July 26 company press release.
More defense contractor earnings news:
Raytheon, L3 report sales increases
Raytheon and L3 Technologies this week both reported sales increases in their most recent quarters.
Missile defense is becoming more bipartisan, according to at least one senator:
Republican senator claims missile defense is now bipartisan issue
A Republican senator says the quickening progression of North Korea's nuclear missile program has made missile defense a more bipartisan issue in this year's defense authorization debate.
More missile defense news:
STRATCOM chief says 'affordable' options exist for space-based sensor layer
As lawmakers direct the Pentagon to again pursue a space-based sensor layer for missile defense, a top general says developing such a system should not be expensive despite cost concerns quashing similar efforts in the past.
A new GAO report on DOD's efficiency initiatives is out:
Pentagon touts savings from efficiency initiatives, but watchdog sees black box
The Defense Department asserts it has identified $9.2 billion in cost savings between fiscal year 2015 and FY-19 stemming from a variety of efficiency initiatives, but the Government Accountability Office says DOD's figures are unreliable.
Document: GAO report on DOD efficiency initiatives