Valerie Insinna

WASHINGTON — New restrictions on defense contractor share buybacks and dividends may need to be written by Congress into law in order to withstand legal challenges, the top Democrat on the Senate Armed Services Committee said today. “Frankly, if Congress ... See more

WASHINGTON — President Donald Trump issued a sharp warning to defense firms today that he plans to prohibit the companies from making share repurchases and paying dividends to shareholders, as well as place restrictions on executive compensation, unless c... See more

WASHINGTON — The Defense Department and Lockheed Martin have cemented a deal to more than triple PAC-3 Missile Segment Enhancement production over seven years, with the company now due to increase production capacity to 2,000 a year. Although a framework ... See more

Author’s note: My editors vetoed my first pitch (which was to basically post the meme from “The Babadook” in which a frustrated mom asks, “Why can’t you just be normal?” and her young son shrieks in response). This reporter regrets that she was blocked fr... See more

Industry executives fell over themselves to position their companies for Golden Dome and to ingratiate themselves with the new administration. Congress passed a reconciliation bill with $150 billion for defense but failed to approve a defense appropriatio... See more