CRS report on DOD's multiyear procurement practices

The April 25, 2024 Congressional Research Service report discusses background and issues for lawmakers regarding the Defense Department's multiyear procurement and block-buy contracting practices.

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Marine Corps looks to begin rapidly fielding MRIC air defense system in FY-25

The Marine Corps plans to raise procurement spending on its portfolio of air defense systems in fiscal year 2025 as it looks to begin rapidly fielding the initial battery of a mid-range interceptor system before the end of the upcoming fiscal year. The service is asking for $111 million for the Medium Range Intercept Capability -- a system that combines the Ground/Air Task Oriented Radar, the Common Aviation Command and Control System and parts of the Israeli Iron Dome to...

CRS 'Insight' report on FY-24 national security supplemental funding

The April 25, 2024 Congressional Research Service "Insight" report discusses the multibillion-dollar supplemental funding bill for aid to Ukraine, Israel and Taiwan approved by the House and Senate.

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White House natsec adviser sees the 'collective West' stockpiling weapons for years ahead

White House national security adviser Jake Sullivan said he believes the U.S. defense industry continues to underestimate just how much money the "collective West" is going to invest in stockpiling weapon systems needed to deter Russia and China in the coming years, regardless of what happens in the Ukraine conflict. “The arrows are all pointing in the direction of the collective West ramping up its industrial base in a way that’s been long overdue,” Sullivan told a small group of...

Honeywell reports $558M revenue increase in aerospace

Honeywell's aerospace segment revenues rose by $558 million, an 18% increase from the same quarter last year, company executives announced today. “Organic growth was led by double-digit growth in both our commercial aviation and defense and space businesses," Vimal Kapur, chief executive officer of the company, said in a company statement. Kapur attributed the increase to the stabilization of the supply chain, calling it the “biggest variable” in the aerospace industry and citing increased orders in the U. S. and...

Army selects Textron, Griffon Aerospace for next two option periods of FTUAS

The Army has selected Textron Systems and Griffon Aerospace for options 3 and 4 of the Future Tactical Unmanned Aerial System rapid prototyping program, the service announced today. FTUAS provides brigades with an “organic capability to conduct reconnaissance and surveillance operations,” by reporting intelligence to soldiers to ensure “dominance during multidomain operations.” Among the capabilities are vertical takeoff and landing (VTOL), as well as on-the-move command and control and soldier-led field level maintenance, according to the Army. In September, the...

Oshkosh Defense sales increase by $24M

Oshkosh Defense sales rose by $23.8 million in the first quarter of 2024, marking a 4.6% increase from the same quarter last year, company executives reported today. Higher aftermarket parts and sales of the company’s Family of Medium Tactical Vehicles drove the increased revenues for the segment, according to a company statement. As a whole, Oshkosh reported $200 million in profits with the company’s vocational segment, which builds commercial trucks, reporting the largest increases of $209.7 million. “2024 is a...

Without FY-24 funding for multiyear procurement, AMRAAM enters single-year buying strategy

The Air Force sought to pursue several simultaneous multiyear procurement strategies for its munitions sets in the fiscal year 2024 budget, but Congress has excluded the AIM-120 Advanced Medium Range Air-to-Air Missile from the plan, Inside Defense has learned. AMRAAM received $53 million for advanced procurement in the FY-24 spending bill that lawmakers approved in March after months of infighting, despite the service requesting $212 million. The proposed amount was an “unjustified request,” according to the legislation . But...

DOD directive on SECDEF order of succession

The updated April 18, 2024 Defense Department directive "republishes the order of succession to act as the secretary of defense."

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The INSIDER daily digest -- April 25, 2024

This Thursday INSIDER Daily Digest has coverage from this year's Army Aviation Association of America conference, plus unmanned systems news and more. We start off with coverage from this year's Army Aviation Association of America conference: After FARA cancellation, Sikorsky using prototype to do ground runs with engine DENVER -- Two months after the Army announced it would be cancelling the Future Attack Reconnaissance Aircraft program as part of a larger aviation rebalance, Sikorsky is putting the engine...

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