June 4, 2026

MORNING COFFEE: COLA Cut May be Restored

Congress may act this week to restore full cost-of-living adjustments for working-age retirees forcibly retired from the military for medical reasons. Restoration may be included in the omnibus spending bill.

Full Fiscal 2014 DoD Funding Possible

A full fiscal 2014 Pentagon spending bill will be included in a compromise measure that must pass before next Tuesday night to avert a gov. shutdown.

Budget Delivers a Merry Christmas to Contractors

capitol hill winter

The bi-partisan budget bill on its way toward final approval makes big winners of big defense contractors, especially in aerospace and arms. Investors can expect a happy new year.

Northrop’s RQ-180 Drone Spied Over Area 51

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The new stealth drone may be twice the size of Lockheed Martin’s RQ-170 Sentinel drone which makes it large enough to conduct operations as an unmanned stealth bomber, although spying is likely the aircraft’s main mission.

Boehner to Senate: Pass Defense Budget Bills

The House completed work months ago, but Party quarreling in the Senate continues to hold up passage of the Pentagon spending bill. Senate leaders intend to reconsider the bill next week after returning from a two week hiatus.

Def Sec Hagel Gives Thanks to Military

Defense Secretary expresses his gratitude to military service members and their families yesterday in a Thanksgiving message.

Second MQ-8C Fire Scout Delivered to Navy

The MQ-8C Fire Scout can fly twice as long and carry three times more intelligence, surveillance and reconnaissance payloads than the current model.

Pax River Tricare Center to Close

Tricare healthcare center to close in the spring due to cost cutting effort. Face-to-face services will be replaced by toll-free phone and online access.

Navy Sec Calls UCLASS Next Step in Naval Aviation

Potential Boeing UCLASS

Navy Sec Ray Mabus agrees with Congress to heighten focus on the strike capability of the Unmanned Carrier Launched Surveillance and Strike program.

Navy Expands Typhoon Relief

The USS George Washington carrier group, amphibious assault ships and additional Marines are on the way to the Philippines.