U.S. defense and aerospace firms are asking Congress for a defense budget for 2023 that exceeds inflation by 3 to 5 percent and challenged lawmakers to pass their annual defense bills by Sept 30.
Despite repeated warnings from lawmakers and uniformed Pentagon leaders that a full-year continuing resolution will hurt national security, some in the defense industry are still worried that budgetary route is a possibility.
Supply chain problems have hit all sides of the defense industry in unexpected ways — and small businesses with narrower profit margins are particularly worried about how they can weather this storm.
Businesses can thank veterans who are blind by opening the door to greater opportunities for this untapped workforce, says the author of this commentary.
As Congress readies a stopgap spending measure this week, the defense industry is girding for a long-term funding patch that could delay both new procurement programs and needed fiscal certainty into next year.
Eighty defense industry executives have written to top congressional leaders to ask for emergency appropriations to reimburse defense contractors’ coronavirus-related costs.
Navy SEAL veteran Morgan Luttrell has filled a variety of roles, ranging from service to data analytics at the Department of Energy. He has now gone on to start an eco-friendly signage company.
Factory closures in Mexico due to the coronavirus pandemic are hurting U.S. defense firms, and the Pentagon is urging America’s neighbor to the south to reopen vital suppliers.