Business

How the Pentagon Plans to Manage Inflation in Contracts

Contracting officers are told to "be mindful" of rising costs but to "limit the scope" of adjustment clauses.

Threats

Another US Hypersonic Missile Hits Mach 5 in Test, Air Force Says

Three different U.S. weapons have now demonstrated successful hypersonic flight.

Business

Raytheon Technologies Invests in Hypersonic Aircraft Startup Hermeus

It’s the first investment by the aerospace and defense giant’s new venture arm.

Exclusive Business

Lockheed Secretly Worked to Block Airbus’ Influence in Washington—While Teaming on Major Pentagon Bid

Internal email reveals U.S. company’s pressure to deny Europeans’ application to powerful trade group.

Business

Navy, Microsoft Team Up for R&D—and the Rights to Sell What Emerges

The Seattle-based tech giant will get access to Naval Postgraduate School facilities and the chance to negotiate exclusive rights for technology it helps develop there.

Business

Boeing’s Low-Ball Defense Bidding Has Come Back to Bite Them

The company has lost billions of dollars and the pandemic is making things worse.

Business

CEO: Boeing Should Have Rejected Trump’s Air Force One Deal

The company revealed that it has lost $660 million outfitting the next presidential jets—so far.

Business

Lockheed Is Delivering F-35s Late—But the Pentagon Is Also Buying Them Too Quickly, GAO Says

More than one-quarter of recent jets are arriving behind schedule, but ahead of planned components that will require costly retrofits, the watchdog says.

Business

Soldiers Will Have to Wait Until Next Year for New Rifle, Ammo

Sig Sauer’s decade-long contract to make the weapons leads off with a tiny order for quality testing.

Business

Inflation, Supply Problems Could Push F-35 Cost Higher Than Expected, Lockheed Says

Negotiations continue on three batches of jets—Lots 15 to 17—that were expected to be finalized last year.