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Pentagon Memo Proposes $244 Million No-Bid Contract for Palantir

Pentagon Memo Proposes $244 Million No-Bid Contract for Palantir

An internal memo from the US Deputy Secretary of Defense proposes a $243.9 million no-bid contract for Palantir, an AI-enabled data analytics company, to improve military production efficiency. The memo, dated August 4, 2026, suggests a sole-source consulting contract without competitive bidding, raising questions about compliance with federal contracting regulations. Palantir has previously secured similar contracts, including a $30 million deal with ICE and a $10 billion agreement with the Army. The memo indicates the Defense Department's intent to continue funding Palantir's services through 2028.
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Pentagon Sets 21-Day Deadline for Defense Industry to Accelerate Weapons Production

Pentagon Sets 21-Day Deadline for Defense Industry to Accelerate Weapons Production

The Pentagon has issued a 21-day deadline for defense companies to submit plans for significantly faster production of critical weapons. This directive comes in response to recent combat with Iran, which has depleted U.S. munitions stockpiles. Deputy Defense Secretary Steve Feinberg emphasized the need for more aggressive delivery schedules and increased production capacity. The memo also calls for specific capital investments and facility expansions to support this acceleration. The urgency is driven by the need to replenish stocks of key missile interceptors, such as the Patriot and THAAD systems, which have seen significant reductions.
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Pentagon Revokes Security Clearance of Former SECAF Kendall Over Alleged Disclosure

Pentagon Revokes Security Clearance of Former SECAF Kendall Over Alleged Disclosure

The Pentagon has revoked the security clearance of former Air Force Secretary Frank Kendall, citing allegations of disclosing classified information regarding the VC-25B 'Air Force One' aircraft. The decision was announced by Chief Pentagon spokesman Sean Parnell, who stated that Kendall's eligibility for access to classified information and his ability to hold any sensitive position have been revoked. The allegations stem from a July 9 New York Times article where Kendall was quoted discussing the rapid modification process of the Qatari-donated Boeing 747-8, suggesting it lacked some typical features of a VC-25. Kendall has denied disclosing any classified information and plans to take legal action, asserting that he has not been informed of what he allegedly revealed.
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Senators Warner and Kaine Introduce Bill to Restore Military Funding Diverted by Trump

Senators Warner and Kaine Introduce Bill to Restore Military Funding Diverted by Trump

Senators Mark Warner and Tim Kaine, along with Democratic leader Dick Durbin and 29 other Democratic colleagues, have introduced the Military Priorities Restoration Act of 2020. This legislation aims to reverse and restore $3.8 million in military funding that the Trump Administration redirected from Pentagon priorities to construct part of President Trump's border wall. The bill also seeks to limit the Department of Defense's transfer authority to prevent future diversions of defense funds for the border wall. The recent reallocation affected National Guard members and various congressionally funded programs. This marks the third instance in less than a year where the administration has unilaterally redirected funds to the border wall, bypassing Congress.
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SpaceX Expands Role in U.S. Missile Defense with New Contracts

SpaceX Expands Role in U.S. Missile Defense with New Contracts

SpaceX Expands Role in U.S. Missile Defense with New Contracts
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U.S. Pentagon contract sends Australian miner's stock flying

U.S. Pentagon contract sends Australian miner's stock flying

Sunrise Energy Metals (SRL) is a small Australian miner most investors have never heard of, until recently. The company just secured a conditional $400 million loan commitment from the U.S. Department of Defense (also branded the Department of War), and its stock responded with one of the sharpest ...
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Pentagon Urges Defense Industry to Boost Weapons Production Amid Stockpile Concerns

Pentagon Urges Defense Industry to Boost Weapons Production Amid Stockpile Concerns

The Pentagon is urging the U.S. defense industry to accelerate the production of weapons to replenish depleted munitions stockpiles, particularly those used in the ongoing conflict with Iran. Pentagon spokesman Sean Parnell emphasized the need to boost munitions acquisitions to meet the demands of current threats. Deputy Defense Secretary Steve Feinberg has instructed industry leaders to submit plans within 21 days to increase production and delivery schedules. This push comes as the U.S. military's stockpile of advanced missile interceptors, such as Patriot and THAAD, has significantly decreased due to recent operations. The Center for Strategic and International Studies has warned that reduced inventories may force the U.S. and its allies to take more risks in conserving air defenses.
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Pentagon's $400 Million Investment in Australian Scandium Mine Targets Supply Chain Security

Pentagon's $400 Million Investment in Australian Scandium Mine Targets Supply Chain Security

Pentagon's $400 Million Investment in Australian Scandium Mine Targets Supply Chain Security
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Pentagon Revokes Security Clearance of Former Air Force Secretary Over Classified Leak

Pentagon Revokes Security Clearance of Former Air Force Secretary Over Classified Leak

The Pentagon has revoked the security clearance of Frank Kendall, former U.S. Air Force Secretary, for allegedly sharing classified information about Air Force One's capabilities with a news outlet. Kendall, who served during President Biden's administration, was quoted expressing skepticism about modifications to Air Force One. The Pentagon stated that Kendall's unauthorized disclosure led to the revocation of his clearance, preventing him from holding any sensitive position. This action underscores the importance of safeguarding classified information and the consequences of breaching that trust.
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Top defense contractor scores huge U.S. Army payday, stock jumps

Top defense contractor scores huge U.S. Army payday, stock jumps

AeroVironment (AVAV) just landed the kind of contract that changes how investors see a company. The drone maker won a U.S. Army order worth at least $400 million for its Locust laser system, and the stock reacted fast.  Shares closed at $186.73 on August 7, up 9.12% on the day and about 22% ...
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Pentagon official asks Asian allies to invest more in defense to deter aggression

Pentagon official asks Asian allies to invest more in defense to deter aggression

A Pentagon official has urged Asian allies to invest more in their defense to deter regional aggression
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U.S. Army Restructures with III Armored Corps Shift to Western Hemisphere Command

U.S. Army Restructures with III Armored Corps Shift to Western Hemisphere Command

The U.S. Army has restructured its command by moving the III Armored Corps to the newly established Western Hemisphere Command. This change, ordered by Secretary of the Army Dan Driscoll, is part of a broader effort to modernize the Army's structure and reduce overhead. The move is largely administrative and does not involve any physical relocation of troops. The III Armored Corps, based at Fort Hood, includes major divisions such as the 1st Armored Division and the 1st Cavalry Division. This shift follows the Army's previous restructuring efforts, which included the closure of Army Forces Command and the establishment of regional commands.