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Army

Army Increases Lockheed Martin’s GMLRS Contract Ceiling By $3.43 Billion

By Matthew Beinart

Tuesday, September 3rd, 2024

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Army Increases Lockheed Martin’s GMLRS Contract Ceiling By $3.43 Billion

GMLRS Alternative Warhead Firing Photo: Lockheed Martin

The Army has increased the ceiling value of its current Guided Multiple Launch Rocket System (GMLRS) contract with Lockheed Martin [LMT] by $3.43 billion, the Pentagon said on Aug. 30. The new contract modification extends Lockheed Martin’s work on the current Indefinite-Delivery Indefinite-Quantity (IDIQ) deal for GMLRS rocket production through October 2027, according to DoD. “This ceiling modification will allow the increase of inventory of GMLRS rockets and associated equipment. GMLRS quantities awarded under the IDIQ will be based on…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

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Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]