Labor shortfalls rooted in the lingering effects of the COVID-19 pandemic remain a millstone around the neck of the defense industry, forcing firms to juggle staff, hold job fairs and find workarounds to keep operations running as smoothly as possible.
Over the past three years, the U.S. Navy has tightened its budget and changed its requirements, making the future look far less rosy for a division of Huntington Ingalls Industries.
Defense companies have slowly ramped up their political donations to the Republicans they once purported to shun over a refusal to acknowledge President Joe Biden’s 2020 election win.
The introduction of the 11-page Shipyard Act comes after President Joe Biden proposed a $2.25 trillion infrastructure package and Republicans made a $568 billion counteroffer.
With Democrats fighting to retake the Senate and the White House in the Nov. 3 elections, Sen. Jack Reed is favored to move into one of Congress' most visible positions and become a major defense figure for his party ― and just as the military’s transition toward competition with China and Russia is gaining momentum.
The U.S. Navy recently christened its newest nuclear-powered fast-attack submarine, the USS Montana, at Newport News Shipbuilding in Virginia in a ceremony that featured some flavor of the Big Sky state.
By Phil Drake, Great Falls (Mont.) Tribune via the AP
As Congress readies a stopgap spending measure this week, the defense industry is girding for a long-term funding patch that could delay both new procurement programs and needed fiscal certainty into next year.