Hegseth Warns US Defense Contractors: Speed Up Or Fade Away - General Dynamics (NYSE:GD), Boeing (NYSE:BA)

US’s Hegseth, in tone shift, talks nice to defense industry

U.S. Defense Secretary Pete Hegseth on Friday bemoaned the “absence of urgency” and “a fundamental lack of trust” between the military and defense firms, in the most substantive and unifying policy address of his tenure. The speech, delivered to industry executives at the National War College, kicked off a highly ambitious program of speeding up weapons delivery — an issue that has beguiled administrations for decades. Hegseth’s address, which d…

Hegseth Says He Wants the Pentagon to Prioritize Speed Over Cost When Buying Weapons

“An 85% solution in the hands of our armed forces today is infinitely better than an unachievable 100% solution ... endlessly undergoing testing or awaiting additional technological development,” he said.

Hegseth Warns US Defense Contractors: Speed Up Or Fade Away - General Dynamics (NYSE:GD), Boeing (NYSE:BA)

U.S. Defense Secretary Pete Hegseth warned major defense contractors on Friday, including Lockheed Martin Corp. (NYSE:LMT), RTX Corp. (NYSE:RTX), Northrop Grumman Corp. (NYSE:NOC), Boeing Co. (NYSE:BA) and General Dynamics Corp. (NYSE:GD), that they must speed up weapons development and production or risk becoming obsolete. New ‘Deal Team’ To Reshape Pentagon Procurement Speaking at the National War College in Washington, Hegseth announced the c…

Hegseth pledges sweeping overhaul of Pentagon procurement

Shift toward ‘commercial first’ buying could benefit fast-moving space and tech firms The post Hegseth pledges sweeping overhaul of Pentagon procurement appeared first on SpaceNews.

Hegseth announces weapons acquisitions overhaul

War Secretary Pete Hegseth announced several changes to the military‘s weapons acquisition processes during a Friday afternoon speech to defense industry leaders at the National War College in Washington. “Our objective is simple: transform the entire acquisition system to operate on a wartime footing, to rapidly accelerate the fueling of capabilities and focus on results,” Hegseth said. “Our objective is to rebuild the arsenal of freedom. Ameri…

Hegseth announces overhaul of U.S. military weapons procurement to speed up delivery and innovation

“We need acquisition and industry to be as strong and fast as our war fighters,” Hegseth said. “The Warfighting Acquisition System will dramatically shorten timelines, improve and expand the defense industrial base, boost competition and empower acquisition officials to take risks and make trade-offs.”     He stated that the current process, which could take three to eight years, would now be streamlined to happen “within a year.” The changes fo…