Aerospace Group:

Air Force

Air Force Awards Raytheon $535 Million Contract For AMRAAMs

Tuesday, June 18th, 2013

SHARE:

The Air Force said Friday it awarded Raytheon [RTN] a $534.8 million firm-fixed-price contract for production lot 27 of the company’s Advanced Medium Range Air-to-Air Missile (AMRAAM). Lot 27 production is expected to be completed by Jan. 31, 2016. Fifty-one percent of the production effort is Foreign Military Sales (FMS), including AIM-120 C7s for Oman and Saudi Arabia. The contract award is also a sole source acquisition. The contract award is another round of good news for Raytheon after it…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]