Aeronautics sales for defense prime Lockheed Martin fell nearly 3% in the third quarter of 2024 -- from $6.7 billion to $6.5 billion -- compared to one year earlier, the company told investors today, ...

The Defense Department and the Small Business Administration announced the first group of Small Business Investment Company licensees and “green light approved” investment funds under the agencies' ...

The Defense Department inspector general's office has found the Pentagon has not adequately documented more than $1 billion in U.S. military assistance to Ukraine, raising concerns that the funds may ...

In an Oct. 16, 2024 memo, the Defense Department inspector general's office announces an audit "to assess the effectiveness with which the DOD conducted enhanced end-use monitoring of designated ...

The objective of the Oct. 22, 2024 Defense Department inspector general's audit "was to determine whether the DOD used Ukraine assistance funds in accordance with Federal laws and DOD policies." ...

Under the award, General Dynamics Mission Systems will build a tactical prototype system of the Mining Expendable Delivery Unmanned Submarine Asset (MEDUSA), an expendable uncrewed undersea vehicle ...

On Oct. 22, 2024 Eric Labs, an analyst in the Congressional Budget Office’s National Security Division, gave a presentation at the National Defense Industrial Association’s 26th Annual Expeditionary ...

The Pentagon inspector general announced a new audit today to determine whether the Defense Department's "enhanced end-use monitoring" of U.S. weapons being provided to Israel has been effective. The ...

The Army is scrapping plans to base its new Chinese ship-killing unit on Guam, removing the Mid-Range Capability (MRC) from the planned architecture for the Western Pacific U.S. territory -- an aspect ...

The Army is revising a 2018 modernization strategy for its dwindling fleet of ships that "will outline the vision and future end state for Army watercraft by 2030 and 2040," according to a Government ...

Increment 2 project -- the Army effort to develop a new cruise missile defense system -- is pivoting to operational testing this fall after knocking down a trio of targets in a "very successful" ...

With the Army's decision to end its Future Attack Reconnaissance Aircraft program earlier this year, officials touted the developmental Launched Effects initiative last week at the Association of the ...