Might Executives Pay for Defense Delays?
The Trump administration is considering an executive order limiting dividends, buybacks, and executive pay for defense contractors’ projects over-budget and delayed. Shares of Lockheed fell 1.6% and Northrop Grumman sank 2% in after-hours trading after some aspects of the news were first reported.
Navy Consolidating Autonomous Acquisitions
A new office consolidating the development and purchasing of autonomous systems into a single entity will be the Navy’s first effort under the new era of Pentagon acquisition reform. It’s unclear whether a military or civilian director will be named, or when, to run the new Portfolio Acquisition Executive Robotic Autonomous System.
