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Business/Financial

MDA Awards Lockheed $80.6 Million For Modified Ballistic Re-Entry Vehicles

By Matthew Beinart

Thursday, March 8th, 2018

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Lockheed Martin [LMT] has received an $80.6 million contract from the Missile Defense Agency for modified ballistic re-entry vehicles and separation modules for missile defense tests, the company said Thursday.Under the deal, announced Lockheed Martin will develop unarmed re-entry vehicles for use with target missiles through 2022."The re-entry vehicle is essentially the bullseye for an interceptor missile, and it is also one of the most complex parts of the target. In today's environment, it's incredibly important to test against threat-representative…

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 […]