This Wednesday INSIDER Daily Digest has news on two big defense contractors' quarterly earnings, the multibillion-dollar A4 Sentinel radar contract, mine warfare and more.
We start off with quarterly earnings news from General Dynamics and Boeing:
General Dynamics has about $1 billion in sales under protest, the company's chief executive said today.
It doesn't look like Raytheon will be protesting the multibillion-dollar A4 Sentinel radar contract it lost to Lockheed Martin:
Raytheon appears to have missed the window to protest the Army's award to Lockheed Martin of the A4 Sentinel radar upgrade, conceding defeat in the estimated $3 billion project the same week the company won a potentially larger Army radar program, the Lower Tier Air and Missile Defense Sensor.
Sam Taylor, the senior leader for mine warfare at the program executive office for Littoral Combat Ships, spoke this week at the National Defense Industrial Association's annual Expeditionary Warfare conference:
ANNAPOLIS, MD -- The Navy is employing its maritime accelerated acquisition process for a new mine system known as Hammerhead.
The co-chairmen of the new "Future of Defense" task force spoke to the media this week:
A new task force established by the House Armed Services Committee expects to ask "tough questions" about the Defense Department's strategy, investments and structure for addressing future threats, with a heavy emphasis on China.
Navy acquisition executive Hondo Geurts and Naval Sea Systems Command chief Vice Adm. Thomas Moore testified this week to the House Armed Services readiness subcommittee about ship and submarine maintenance:
The Navy used the recent maintenance availability of the fast-attack submarine Asheville (SSN-758) to build a "digital twin" of its Hawaii-based public shipyard, an effort it plans to replicate elsewhere next year, according to two senior service officials.
Document: Navy testimony on ship, sub maintenance