Aerospace
The Navy has put Boeing's MQ-25A Stingray into low-rate production, a $562 million Lot 1 start that leaves Super Hornets doing tanker duty until 2029 to extend the carrier air wing's strike radius.
Naval
A new GAO report finds the Navy will spend $3.1 billion keeping 15 retired attack submarines manned and fueled because public and private dry docks have no room to defuel them. The same yards already burned $3.4 billion on active boats that sat idle for a decade.
Naval
The Pentagon wants 1,000 Tomahawks a year to replenish spent stockpiles, but prime contractor Raytheon cannot scale output until General Dynamics delivers more titanium warhead cases from Alabama.
Naval
The U.S. Navy awarded Castelion an $89,997,162 firm-fixed-price order to take Blackbeard to Early Operational Capability. The buy tests whether a Mach 5 strike weapon can be produced cheaply enough for the fleet to field it in numbers.
Naval
Anduril spent tens of millions revamping a Seattle shipyard for a Navy autonomous-vessel program. The Navy canceled that program, and named Huntington Ingalls, Leidos, and five others to build the one that replaced it.
Naval
HII says CVN 79 completed acceptance sea trials on August 15 after earlier builder’s trials. Preliminary acceptance and Navy underway test and evaluation come next—without a delivery date in the release.
Naval
General Dynamics posted $14.1B revenue (+8.1%) and $4.24 EPS, with Marine Systems at $4.660B (+10.4%), Aerospace at $3.525B (+15.1%), and a 1.4x book-to-bill on $14.7B of defense orders.