One factor in the surge is the easing of the global pandemic that in 2021 depressed sales from a spike to $83.5 billion in 2020. The F-35 Joint Program Office told services a fuel tube failure may have caused an F-35B's crash, which has now led to some fighters being grounded. But its plan for a ramp up in production hinges on Congress. President Joe Biden says he expects U.S. aid for Ukraine’s fight against Russia to continue to flow whatever the still-undecided outcome of the midterms. The U.S. is aiming to send Ukraine the “Vampire” counter-drone system by mid-2023, with a contract award expected within months, a Pentagon spokesman said. A new study found 70% of companies in the aerospace and defense sector saw increased turnover in the last 12 months. Raytheon has delivered two sophisticated NASAMS air defense systems due for Ukraine to United States government, its chief executive said Tuesday. Proposal aims at ramp up the U.S. defense industrial base and helping European allies arm up. The Pentagon is expected to contract for the defense materiel, apart from billions in equipment it has sent Ukraine from its stockpiles. A new $775 million military aid package for Ukraine marks the first time the U.S. is sending ScanEagle drones for targeting artillery to the country. Load More