Navy Putting $50 Million into Small Business Funding

Morning Coffee is a robust blend of links to news around the Internet concerning the Pax River economic community. The opinions expressed here do not necessarily reflect those of the Leader’s owners or staff.

The Navy launches a $50 million Rapid Innovation Fund for small businesses, Washington Technology reports.

Huffington Post opines that the defense industry’s anti-sequestration push has backfired. Obama vows that the Veterans Administration is exempt from sequestration, Politico reports. U.S. News says that pledge is bad news for the Pentagon. Panetta meets with industry leaders again to discuss sequestration, Defense News reports.

The Fort Worth Star Telegram reports that Lockheed said it will make $500 million less profit from the Joint Strike Fighter in the next five years due to tighter Pentagon controls, but notes that the company reported higher sales and earnings, despite the recent strike.

Marines want to standardize logistics, supply, training and pipeline for the KMAX helicopter program, Defense Update reports.

NAVAIR Contracts: Boeing gets $107 million more for long-lead materials for the next 11 P-8A aircraft as well as $28 million more for training equipment and materials.

Forbes says Raytheon has found the sweet spot in the defense industry as other firms falter.

Indian carrier flight ops take another step, Defense Tech reports.