Defense Revenues Up 5% Over Last Year
Despite the coronavirus pandemic, the defense industry saw a gain in revenues in 2020. Defense revenues recorded in this year’s Defense News Top 100 list totaled $551 billion, up about 5% from $524 billion for fiscal 2019.
Space Industry Moves on Cyber Info Sharing
In the wake of recent high-profile cyber incidents that have put the spotlight on how little information sharing goes on in some industries, the space industry is moving ahead to improve security instead of waiting to be told to do so by the government,
Fagan Nominated Vice Commandant USCG
USCG VADM Linda Fagan nominated as vice commandant of the Coast Guard. Fagan is the head of the Pacific area of operations and will become the first woman to achieve a fourth-star in the Coast Guard.
Election Not Pivotal to Defense Contractors
The status of defense budgets and the continuing budget resolution are largely known and likely unchanging going into the next administration, no matter who is leading it, concur an array of defense industry leaders. The uncertainty of the coronavirus pandemic is having a greater impact upon defense contractors and Wall Street.
Fallen Sailors Honored at USS Cole Memorial
The US Navy honored the memory of 17 sailors killed in the 2000 jihadi attack on the destroyer USS Cole. Monday marked 20 years since the attack in a Yemeni port.
At Pax, a Scaled-Back 245th Celebration
Today marks the US Navy’s 245th birthday. NAS Pax River’s celebration will take place this morning starting at 11:30 am on base with retired CAPT Glen Ives, a former commanding officer at Pax, as the speaker. The pandemic is forcing a scaled-back celebration this year.
Pentagon Task Force to Study UFO Reports
A new Pentagon task force will investigate reports of unidentified flying objects from service members.
Marines Halt All AAV Training in Wake of Fatal Accident
The Marine Corps will suspend all waterborne amphibious assault vehicle training until the cause of Thursday’s AAV accident is known. On July 30, 15 Marines and one sailor were participating in a training exercise off the coast of Southern California when the vehicle they were riding in, began to take on water and sank. One confirmed dead, eight others missing.
First Rotary Test on Mars Is Prepped
The 4-pound helicopter, Ingenuity, travels to Mars clutching the belly of the rover Perseverance. The atmosphere of Mars was just the start of the challenges that faced Ingenuity on its way to performing the first rotary wing test flight on Mars.
DoD Uses COVID Funds for Small-Drone Contracts
DoD’s innovation arm has issued $13.4 million in small-drone support contracts using COVID-19 funds, awarding contracts to five companies to help with “situational awareness, improve human-machine teaming, and provide engineering support.”
