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Air Force

Air Force Awards Lockheed Martin $172 Million for Long-Range Anti-Ship Missiles

By Vivienne Machi

Thursday, November 15th, 2018

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The Air Force on Thursday awarded Lockheed Martin [LMT] a $172 million fixed-price incentive-fee contract for Long Range Anti-Ship Missiles (LRASMs) Lot 2 production.The contract includes production of 50 LRASMs. The long-range anti-ship missile, a stealthy cruise missile being developed for use on both Air Force and Navy platforms, has undergone several flight tests since Lockheed Martin was awarded over $86 million for 23 low-rate initial production Lot 1 units last July. The missile is based off of the Air Force’s…

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 […]