financetom
Business
financetom
/
Business
/
Senator Warren wants US military to fix its own equipment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Senator Warren wants US military to fix its own equipment
Dec 12, 2024 5:33 AM

Dec 12 (Reuters) - U.S. Senator Elizabeth Warren is

proposing legislation that would make defense contractors give

the U.S. military a "right to repair" its equipment, and require

the Department of Defense to include cost-saving measures in

plans to buy new weapons.

Proposed amid a cost-cutting push by President-elect Donald

Trump, Warren's bill would make contractors give the military

"fair and reasonable access" to parts, tools and repair

instructions.

Currently, the government is often required to pay

contractors like Lockheed Martin Corp ( LMT ), Boeing Co ( BA ),

RTX Corp ( RTX ) to use expensive original equipment and

installers to service broken parts versus having trained

military maintainers 3D print spares in the field and install

them faster and cheaper.

"Pentagon contractors are taking advantage of our military,

forcing them to pay excessive prices and wait weeks for basic

equipment repairs. Without the right to repair their own

equipment, our servicemembers in the field are at risk," said

Warren, a Democrat who represents Massachusetts.

In one instance, U.S. Marines in Japan had to ship engines

back to the U.S. for repairs, and in another, the Navy had to

fly contractors out to ships at sea to perform simple repairs,

according to Warren's office.

Warren previously sought right to repair language in the

Senate's 2025 proposed defense spending package. The new bill

adds requirements for the DOD to publicly report on cost-saving

strategies and incidents where the military is forced to use a

contractor to make repairs, and for the Government

Accountability Office to review compliance every two years.

U.S. Representative Marie Gluesenkamp Perez, a Democrat from

Washington state, is sponsoring a companion bill in the U.S.

House of Representatives. Keeping repair work contractually

limited to companies keeps members of the military from learning

crucial skills, she said.

"Military technicians want to be working with their hands

to fix things - not getting stuck on the phone on hold with a

manufacturer," she said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Global Payments' Q1 Adjusted Earnings, Revenue Rise
Global Payments' Q1 Adjusted Earnings, Revenue Rise
May 1, 2024
07:56 AM EDT, 05/01/2024 (MT Newswires) -- Global Payments ( GPN ) reported Q1 adjusted earnings Wednesday of $2.59 per diluted share, up from $2.40 a year earlier. Analysts polled by Capital IQ expected $2.57. Revenue for the quarter ended March 31 was $2.42 billion, compared with $2.29 billion a year ago. Analysts surveyed by Capital IQ expected $2.18 billion....
Kraft Heinz Q1 Adjusted Earnings Rise, Net Sales Decline; Shares Drop Pre-Bell
Kraft Heinz Q1 Adjusted Earnings Rise, Net Sales Decline; Shares Drop Pre-Bell
May 1, 2024
07:59 AM EDT, 05/01/2024 (MT Newswires) -- Kraft Heinz ( KHC ) reported Q1 adjusted earnings Wednesday of $0.69 per diluted share, up from $0.68 a year earlier. Analysts polled by Capital IQ expected $0.69. Net sales for the quarter that ended March 30 were $6.41 billion, down from $6.49 billion a year earlier. Analysts surveyed by Capital IQ expected...
Dayforce Q1 Profit Falls, Revenue Jumps; Provides Outlook for Q2, Full-Year
Dayforce Q1 Profit Falls, Revenue Jumps; Provides Outlook for Q2, Full-Year
May 1, 2024
07:59 AM EDT, 05/01/2024 (MT Newswires) -- Dayforce ( DAY ) , a provider of human resources software and services, reported Wednesday first-quarter net earnings of US$7.1 million, or US$0.04 per diluted share, down from US$9.9 million, or US$0.06 per diluted share, a year earlier. Analysts polled by Capital IQ expected US$0.20. On an adjusted basis, the company reported first-quarter...
Walmart to shut all health clinics in US over lack of profitability
Walmart to shut all health clinics in US over lack of profitability
May 1, 2024
* Walmart ( WMT ) to shut 51 healthcare centers, virtual care offering * Closures to occur within 30-90 days- spokesperson * Co declines to disclose financial impact for group By Siddharth Cavale and Granth Vanaik April 30 (Reuters) - Walmart ( WMT ) said on Tuesday it will close all 51 of its health clinics and shut its virtual...
Copyright 2023-2026 - www.financetom.com All Rights Reserved