Tag: Lockheed Martin

Lawmakers Aim to Ban Colleagues from Market Trading While They Still Buy and Sell

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Pete Sessions and Bill Keating

Four members of Congress recently reported buying and selling financial assets, despite co-sponsoring a bill that would ban such trades, disclosures show.

Democratic Reps. Mary Gay Scanlon of Pennsylvania, Jeff Jackson of North Carolina, Bill Keating of Massachusetts and Republican Rep. Pete Sessions of Texas all reported selling or purchasing assets after they signed on as co-sponsors of the TRUST In Congress Act, financial disclosures show. The TRUST In Congress Act would ban members of Congress from directly trading covered investments, which includes securities, commodities futures and similar assets by requiring them to place such assets in a blind trust.

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Connecticut Delegation Blasts Army over Helicopter Contract

The Center Square
Blackhawk Helicopter

Connecticut’s congressional delegation is calling on the Army to provide more details about its decision to reject a local company’s bid for a multimillion-dollar defense contract to build long-range helicopters.

Sikorsky Aircraft, maker of the iconic Blackhawk helicopters, submitted a proposal to the Army in 2018 to develop a new armed scout helicopter. But last week, the Army announced that it was scrapping its Future Attack Reconnaissance Aircraft program, delivering a major blow to the company.

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Commentary: The U.S. Defense Industrial Base

RealClearWire

The Russian invasion of Ukraine, along with increased tensions in the Middle East and the Indo-Pacific region, has generated many debates. Debates about the stability of the international order, the cohesion of NATO, and many others. But for the United States, one significant debate regards the size and expansibility of the American defense industrial base. It’s a discussion that is well past due.

Last year, Under Secretary of Defense Colin Kahl testified to Congress that, “What the Ukraine conflict showed is that, frankly, our defense industrial base was not at the level that we needed it to be to generate munitions.” But the challenge with ammunition is more symptom than cause, in economic terms something of a “leading indicator.”

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Connecticut Firm Loses Appeal over Denial of Army Contract

The Center Square

A federal watchdog agency has denied Connecticut-based Sikorsky Aircraft’s appeal of the U.S. Army’s rejection of the company’s bid to build the next generation of long-range assault helicopters. 

Sikorsky, a Lockheed Martin company, had filed a formal protest asking the U.S. Government Accountability Office to review the Army’s decision to reject their bid to produce its Defiant-X helicopter under a military contract. 

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Raphael Warnock Swore off Corporate PAC Money – but Took Thousands from PACs Funded by Big Corporations

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Sen. Raphael Warnock has collected tens of thousands of dollars in campaign donations from political action committees (PAC) funded by corporations this election cycle, records show. At the same time, the senator has said he’s “never taken a dime of corporate PAC money” and pledged not to do so.

Warnock’s campaign took $29,600 during the first and second quarters of 2022 from Democratic leadership PACs that have in turn accepted $1.6 million from corporate-backed PACs since 2003, according to Federal Election Commission records (FEC) reviewed by the Daily Caller News Foundation.

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Youngkin, Kaine, Warner, and Beyer Celebrate Boeing’s Relocating Global Headquarters to Virginia, Partnership with Virginia Tech

Eric Burk

Governor Glenn Youngkin, Senators Tim Kaine (D-VA) and Mark Warner (D-VA), and Representative Don Beyer (D-VA-08) spoke at a Monday ceremony celebrating Boeing’s relocating its headquarters to Arlington and its partnership with Virginia Tech’s Innovation Campus in Arlington.

Youngkin said that when Boeing announced its move to Virginia in May, “I was particularly proud because when we went to work on January 15, we talked about Virginia being open for business. We talked about Virginia raising standards and expectations and education. We talked about Virginia being the best place for our veterans to live and work and raise a family.”

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Raytheon Moving Headquarters to Virginia

Eric Burk

Raytheon Technologies is moving its global headquarters to Arlington, Virginia, the company announced Tuesday.

“The location increases agility in supporting U.S. government and commercial aerospace customers and serves to reinforce partnerships that will progress innovative technologies to advance the industry. Washington, D.C. serves as a convenient travel hub for the company’s global customers and employees,” a press release states.

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Lamont Signs Sikorsky Agreement, Keeping the Company, Jobs in Connecticut

The Center Square

An agreement with a government contractor to make helicopters and create jobs in Connecticut is now law, Gov. Ned Lamont said.

The governor signed Public Act 22-4 early Monday to seal a deal with Lockheed Martin, the parent company of Sikorsky Aircraft Corporation. Under the agreement, the helicopter manufacturer will operate in Connecticut through 2042 and will support an estimated 30,000 direct and indirect jobs.

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Lamont: Sikorsky Deal Keeps Company in Connecticut

The Center Square

An agreement ratified by the General Assembly will keep a military company in Connecticut for years to come, Gov. Ned Lamont said.

The governor announced an agreement has been finalized with Lockheed Martin to keep its helicopter manufacturer in the state through 2042. Sikorsky will sustain more than 7,000 jobs in the state under the new deal which could expand helicopter lines being produced at its Straftord facility.

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Georgia Rep. Barry Loudermilk Urges More Production of Military Aircraft Manufactured in Marietta

Chris Butler

Representative Barry Loudermilk (R-GA-11) announced late last week that he has asked the U.S. Department of Defense (DOD) to increase the number of new C-130J aircraft, which are manufactured at Lockheed Martin’s facility in Marietta, Georgia. That Lockheed Martin factory, Loudermilk went on to say, employs 3,000 Georgia residents.

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Biden’s Air Force Opens Strategic Tanker Contract to Airbus Less Than a Year After $4B DOJ Sanction for Hiding China Ties

Neil W. McCabe

President Joseph R. Biden Jr.’s administration opened up a significant chunk of a new Air Force tanker contract to the Leiden, Netherlands, based Airbus less than a year after the company paid a nearly $4 billion fine for corruption and despite its history of technology transfers to China.

“Airbus engaged in a multi-year and massive scheme to corruptly enhance its business interests by paying bribes in China and other countries and concealing those bribes,” said Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division in a statement released at the end of January.

“This coordinated resolution was possible thanks to the dedicated efforts of our foreign partners at the Serious Fraud Office in the United Kingdom and the PNF in France,” Benczkowski said.

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