Aerospace Group:

Air Force

Air Force Taps Lockheed Martin To Develop Air-Launched Hypersonic Weapon

By Marc Selinger

Wednesday, April 18th, 2018

SHARE:

The U.S. Air Force has picked Lockheed Martin [LMT] to develop and test the air-launched Hypersonic Conventional Strike Weapon (HCSW) prototype, the service announced late April 18.Lockheed Martin was one of three bidders for the multi-year contract, which has a value of up to $928 million. The Air Force said it plans to award the first task order under the indefinite-delivery/indefinite-quantity contract “in the next few weeks.” Lockheed Martin intends to perform the work in Huntsville, Ala.“We are committed to the development of…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

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 […]