Drew FitzGerald

Phones will be worked. Great read from @cdriebusch about the logistics of SpaceX IPO and what happens over the next few weeks. Link in next post -

“We are almost always the prime contractor on our government contracts, and we rarely use subcontractors.”

SpaceX says about a fifth of its $18.7 billion revenue haul last year was attributable to the U.S. government.

SpaceX's investor prospectus / S-1 has been posted to the SEC site - sec.gov/Archives/edgar…

The Golden Dome project manager has said such high estimates don’t reflect the kind of system that Pentagon officials are building. What are they building? That’s a secret, of course.

New CBO report projects Trump’s Golden Dome (né Iron Dome for America) antimissile shield would cost more than $1 trillion, an estimate largely based on last year’s executive order: cbo.gov/system/files/2…

We first-reported Steve Feinberg’s team is nicknamed “Deal Team Six” in April. Check out the rest of the story, w @MarcusReports @DrewFitzGerald wsj.com/politics/natio…

Details here: wsj.com/tech/army-asks…

The Army is summoning weapons makers to a hackathon in the coming weeks. Contractors are being asked to open up their interfaces and make their data more portable. Anduril’s Lattice software will validate the work.

Rep. Keating @USRepKeating on DOD's evidence for the strikes on alleged drug smugglers in Latin America: "I can't discuss it, but I must tell you, it's the most convoluted bullshit I ever heard in my life."

On Wall Street, Steve Feinberg had a well-oiled sales pitch for investors thinking of betting billions on his corporate turnarounds. Now the Pentagon’s No. 2 official, the former private-equity boss faces the biggest sell of his career: persuading Congress to bless the Trump administration’s $1.5 trillion military budget. wsj.com/politics/natio…

Anduril confirming last week’s WSJ scoop on the software players building the brains of a future Golden Dome: wsj.com/politics/natio…

Golden Dome’s price tag has climbed to an estimated $185 billion. The driver: fast-tracking work on at least three programs, all of which involve satellites wsj.com/livecoverage/s…

Boeing says a wiring problem on some undelivered 737s will cause delays for customers. It's still unclear how many aircraft are affected. wsj.com/business/airli…

Pentagon officials are drawing up plans to replenish U.S. munitions expended fighting Iran over the past week, a step in the Trump administration’s efforts to sharply increase the number of missiles manufactured each year. Important story by @MarcusReports @DrewFitzGerald wsj.com/politics/natio…

Munitions are dwindling and if the war continues, the Pentagon would “need to decide” whether to pull stockpiles the Pacific

About that Golden Dome … military officials haven’t explained how they’ll spend its $23 billion down payment, so lawmakers are reluctant to give the project more money wsj.com/livecoverage/g…

This is hardly a one-off wsj.com/politics/natio…

The Pentagon plans to take a $1 billion stake in L3Harris’ rocket-motor business to boost its stockpile of long-range missiles