Pentagon gives defense companies 21 days to propose faster weapons output
The Pentagon is seeking faster delivery and higher production plans as it works to replenish munitions stocks under pressure after the Iran war.
Defense industry
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NATO Endorses Industry Strategy and $40 Billion Counter-Drone Plan at Ankara Summit
NATO leaders endorsed a new strategy for cooperation with the defense industry and announced more than $40 billion in planned counter-drone investment over five years at the alliance’s July 7 summit in Ankara, Türkiye.
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NATO’s New Industry Strategy Puts Defense Production at the Center of Readiness
NATO’s SYNC strategy aims to improve industry coordination, demand visibility and defense production, but it does not guarantee funding, contracts or faster deliveries.
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TransDigm Abandons $960 Million Stellant Deal After DOJ Threat
TransDigm withdrew its proposed Stellant acquisition after DOJ threatened an antitrust lawsuit over radar components used in Navy and Air Force systems.
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Redwire announces Huntsville expansion expected to add 150 aerospace and defense jobs
Redwire’s announced Huntsville expansion is expected to create about 150 high-skilled jobs and is supported by approximately $8.5 million in eligible state and local incentives.
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White House touts NATO summit defense deals as new commitments announced July 8—what it means for U.S. industry and jobs
White House says NATO Ankara Summit drew $3B in new defense deals today—naming PAC-3, MQ-4C and ATACMS steps, plus coalition watch points.