Aerospace Group:

Army

Army Awards Lockheed, Raytheon New Javelin Production Deal Worth Up To $7.2 Billion

By Matthew Beinart

Thursday, May 4th, 2023

SHARE:

Army Awards Lockheed, Raytheon New Javelin Production Deal Worth Up To $7.2 Billion

A Javelin missile is fired

The Army has awarded Lockheed Martin [LMT] and Raytheon Technologies [RTX] a production contract for Javelin anti-tank missiles potentially worth up to $7.2. billion, the service announced on Wednesday evening. Lockheed Martin said the deal, which covers fiscal years 2023 through 2026 and includes a base period for $1.02 billion, will support ramping up production of Javelins to 3,960 missiles per year by late 2026. “We understand the importance of delivering Javelin and its proven capabilities to our customers worldwide…

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 […]