Industry News - Page 7

U.S. Commerce Secretary Gina Raimondo and his counterpart in China addressed concerns over investment and trade policies between the two countries during a meeting on Thursday in Washington, the Financial Times reported

Five senators have called on the Department of Defense through a letter to conduct an investigation into alleged overpricing by some U.S. defense contractors in light of a CBS News report. The

The Department of Defense has released a final rule that would allow the award of a follow-on production contract to a vendor working on a prototype project without using competitive processes. The

White House and House Republican negotiators are inching closer to reaching an agreement that would prevent a government default by raising the debt ceiling for about two years and implementing a two-year

The Pentagon and the defense industry have initiated efforts to increase production of high-end explosives and such initiatives include reestablishing domestic supply chains and refurbishing factories, The Wall Street Journal reported Sunday.

The Aerospace Industries Association’s 35 small business members have called on Congress to act on two bills that would restore tax incentives for research and development work. The owners and executives of

The State Department has released a 10-point plan aimed at retooling its oversight of the foreign military sales process amid escalating strategic competition. The action plan, called “FMS 2023,” issued by the

House Speaker Kevin McCarthy said Congress could vote on a measure to raise the debt limit as early as next week, the Financial Times reported Thursday. “We’re not there, we haven’t agreed

Treasury Secretary Janet Yellen sent a letter to congressional leaders warning that her department could default on its obligations if Congress fails to increase or suspend the borrowing limit as early as

Sens. Elizabeth Warren, D-Mass., Bernie Sanders, I-Vt., and Mike Lee, R-Utah, have expressed concerns about how the departments of Defense and State track and monitor weapons systems that originated in the U.S.