Navy/USMC

Lockheed Martin [LMT] and Raytheon [RTN] said yesterday they have teamed up to bid on the next contract to enhance the Navy’s electronic warfare program’s attack capability. Northrop Grumman [NOC] […]

Northrop Grumman [NOC] yesterday said it received a $122 million contract to install and sustain Counter-Rocket, Artillery and Mortar (C-RAM) systems at forward operating bases (FOBs) in Afghanistan and Iraq. […]

The Navy is proceeding with plans to deploy a mobile base to support forward operations as the military looks to expand its presence in the Asia-Pacific and toward a larger […]

The Pentagon is “quite serious” about applying so-called reversibility to budget decisions that impact the defense industry, a senior official said yesterday. Undersecretary of Defense for Policy Michele Flournoy said […]

The program manager for the Littoral Combat Ship’s sea-frame is under investigation following allegations of “inappropriate personal behavior,” the Navy said Friday. Capt. Jeff Riedel has been temporarily reassigned pending […]

The Obama administration’s focus on expanding the military presence in the Asia-Pacific likely spared the Navy from taking any major hits to its shipbuilding programs, but plans to delay construction […]

The Pentagon plans to delay procurement of the Navy’s next ballistic missile submarine by two years to curtail risks associated with developing the new platform, and to meet overall budget […]

Pentagon leaders proposed multiple weapons-program changes yesterday–including cutting F-35 Joint Strike Fighter procurement, cancelling block 30 Global Hawk drones, and delaying the new ballistic-missile submarine–in the opening salvo of a […]

Lower sales, higher pension expenses and decreased tax credits led Lockheed Martin [LMT] to report lower profits in its fourth quarter. The company expects sales to decline further in 2012 […]

The Navy has entered into its fourth phase of low-rate initial production (LRIP) on the E-2D Advanced Hawkeye, a key aircraft designed for communications and battlespace awareness. Naval Air Systems […]