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Air Force

Air Force Awards Lockheed Martin $405 Million In GPS III, SBIRS Contracts

Friday, February 22nd, 2013

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The Air Force recently awarded Lockheed Martin [LMT] nearly $405 million in space systems contracts, kick-starting work on additional Global Positioning System (GPS) III and Space-Based Infrared Systems (SBIRS) satellites. Lockheed Martin was awarded a $284.4 million fixed-price incentive firm target contract for advanced procurement for the SBIRS GEO 5-6 program, the Air Force said Wednesday. Lockheed Martin Military Space Vice President and General Manager Mark Valerio said yesterday in a statement the contract authorizes procurement of long-lead parts for…

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

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 […]