Boeing’s defense unit shows profit, despite $222M loss on KC-46, T-7
Defense News
by Stephen Losey
4h ago
Boeing’s defense unit recorded $222 million in losses in the first quarter of 2024 on two of its main fixed-price development programs, the KC-46A Pegasus refueling tanker and the T-7A Red Hawk trainer, the company announced Wednesday. The KC-46 suffered a loss of $128 million, Chief Financial Officer Brian West told investors in an earnings call, and the T-7′s losses amounted to $94 million. In documents submitted to the U.S. Securities and Exchange Commission, the American firm said the KC-46′s loss primarily stemmed from factory disruptions caused by supply chain constraints, and the T-7′s ..read more
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Polish leaders plan to talk things out on nuclear weapons
Defense News
by Jaroslaw Adamowski
4h ago
WARSAW, Poland — Polish Prime Minister Donald Tusk plans to discuss Poland’s potential involvement in NATO’s nuclear sharing program with President Andrzej Duda, Tusk said this week. The announcement came in response to Duda’s declaration that Poland was ready to host U.S. nuclear weapons, and that talks with Washington to that end had been ongoing. Polish leaders have previously telegraphed their willingness to join the alliance’s nuclear-sharing scheme to deter Russian aggression. That was especially the case when the right-wing Law and Justice party, which backs Duda, was in charge of the C ..read more
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EU should buy ammo outside of the bloc to quickly resupply Ukraine
Defense News
by James Black, Ondrej Palicka and Zdenek Rod
7h ago
While the world watches Israel and Iran, Russia’s war of aggression in Ukraine is at a crossroads. More than two years since the full-scale Russian invasion of Ukraine, the situation on the eastern front now looks dire, with Ukrainian defenders running out of ammunition fast and Western unity in question. The Czech Republic has a plan that could help resupply Ukrainian forces with artillery shells. Earlier this year, many believed the war in Ukraine was reaching a stalemate. However, such assumptions now appear unfounded, much to the detriment of the Ukrainians. The conflict has evolved into a ..read more
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Lockheed to supply Australia with air battle management system
Defense News
by Colin Demarest
11h ago
The Australian arm of defense company Lockheed Martin said it inked a contract to build the country’s Joint Air Battle Management System, considered foundational to the intercept of hostile missiles and aircraft. The deal for JABMS, which will supply the command-and-control architecture for the country’s future air defense, is valued at AUD $500 million, or about U.S. $320 million, Lockheed Martin Australia said April 24. Lockheed last year bested rival Northrop Grumman to lead Australia’s closely related AIR6500-1 effort. The endeavors have together been likened to the U.S. military’s vision ..read more
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Defense Innovation Unit prepares to execute $800 million funding boost
Defense News
by Courtney Albon
1d ago
SAN DIEGO, Calif. — The Defense Innovation Unit is working quickly to determine how and where to spend the nearly $1 billion Congress provided in March through the fiscal 2024 appropriations act. The $983 million allocation, nearly $800 more than what DIU received last year, will support the growing organization’s mission to help the Defense Department quickly foster and field commercial capabilities in large numbers, according to DIU director Doug Beck. Due to prolonged budget deliberations in Congress that delayed the release of appropriations, DIU’s funding came more than five months into t ..read more
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When will AUKUS allies receive US export control exemptions?
Defense News
by Bryant Harris
1d ago
The U.S. may grant Australia and Britain a long-sought export control carveout for AUKUS in the coming months, but not as fast as some lawmakers wish while they wait on a congressionally mandated certification the State Department must issue first. The three AUKUS allies view an Australian and British carveout to the International Traffic in Arms Regulation, or ITAR, as crucial to facilitating a key pillar of the trilateral pact to jointly develop advanced defense technologies like quantum computing, artificial intelligence and hypersonic weapons. When the State Department, which oversees ITAR ..read more
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