:

Ship Construction On New Lockheed Martin LCS To Begin In June

DDN

Tuesday, January 11th, 2011

SHARE:

By Carlo Munoz Lockheed Martin [LMT] will begin construction in June on the first Littoral Combat Ship (LCS) under the company's recent multimillion dollar deal with the Navy announced last month, and anticipates having the second ship under contract within the same time frame, according to a company executive. Company officials are in the midst of contacting supply vendors and subcontracting firms to line up the necessary manpower and materiels to begin construction, Lockheed Martin's vice president for Business Development…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]