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Air Force

Lockheed Martin Targets $80 Million Price Tag For F-35 By LRIP 14

By Cal Biesecker

Monday, July 16th, 2018

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Lockheed Martin Targets $80 Million Price Tag For F-35 By LRIP 14

The F-35 Joint Strike Fighter. Photo by Lockheed Martin.

FARNBOROUGH INTERNATIONAL AIRSHOW--Lockheed Martin [LMT] has reached a “handshake” agreement on the low-rate initial product lot 11 (LRIP 11) contract for the F-35, according to a program update provided by a company executive on Monday at the Farnborough International Air Show.The company will not confirm specifics of the new deal until the agreement is finalized.According to Greg Ulmer, vice president and general manager of the F-35 program for Lockheed Martin, a total of 309 F-35s have been delivered to date.…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]