Aerospace Group:

Army

Army Awards Lockheed Martin Over $800 Million In Deals For HIMARS, M270 Launchers

By Matthew Beinart

Monday, May 1st, 2023

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Army Awards Lockheed Martin Over $800 Million In Deals For HIMARS, M270 Launchers

A High Mobility Artillery Rocket System (HIMARS) rocket launch.

The Army on April 28 awarded Lockheed Martin [LMT] more than $800 million in deals for High Mobility Artillery Rocket System (HIMARS) and M270 Multiple Launch Rocket Systems (MLRS) launchers. The new awards include a $615 million HIMARS production order covering deliveries for the Army and international customers and a $194.1 million contract to recapitalize M270 launchers to the upgraded A2 configuration for the U.S., Italy and the U.K., Lockheed Martin said. “The increased demand for our precision fires products,…

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 […]