This week the US House achieved floor passage of H.R. 1—the Tax Cuts and Jobs Act. The measure was approved on November 16 by a 227-205 vote, entirely along partisan lines. The House version of comprehensive tax reform supports a more competitive corporate tax rate, creation of a territorial tax system and the repatriation of accrued overseas income. All these elements are consistent with AIA’s tax reform principles.
The House has passed GOP-backed tax legislation in a party line vote. The Senate's version of the tax bill is making its way through committee.
Congress is calling on the Missile Defense Agency to develop space-based systems for defending the US against a missile attack. Experts say a space-based system holds more potential than ground-based systems for meeting future threats.
Turkey's decision to purchase an air defense system from Russia could adversely affect its future as an F-35 operator and leave Turkey unable to integrate with NATO technology. Turkey is reportedly close to finalizing its purchase of a Russian-made S-400 anti-aircraft missile system.
GE unveiled its unnamed 3D metal printer at the formnext manufacturing trade show in Germany. The machine can print aircraft parts up to 39 inches across directly from a computer file.
Virgin Orbit has received its first Defense Department launch contract. The contract for the Space Test Program was awarded in partnership with the Defense Innovation Unit Experimental.
The long-delayed Space-Based Infrared System Follow-On program appears ready to move forward as the Air Force reportedly sees an urgent need for a satellite constellation to detect missiles. The new system would be deployed in 2029.
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