Aerospace Group:

Air Force Makes Lot 7 JASSM Contract Award To Lockheed Martin

DDN

Thursday, June 26th, 2008

SHARE:

By Marina Malenic Lockheed Martin [LMT] yesterday announced receipt of a $107 million contract for a seventh production lot of the JASSM cruise missile. Lot 7 production will bring total contracted quantities to 1,053, according to a Lockheed Martin press statement. The new contract is for procurement of 111 missiles, along with related systems engineering and flight test support. The Pentagon last month certified a restructured program for JASSM consisting of two separate increments: the JASSM Baseline increment and the…

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 […]