Aerospace Group:

Business/Financial

Coast Guard Awards Lockheed Martin $850 Million For New H-60 Hulls

By Cal Biesecker

Friday, January 22nd, 2021

SHARE:

Coast Guard Awards Lockheed Martin $850 Million For New H-60 Hulls

The Coast Guard MH-60T helicopter, which entered service in 1990, carry out search and rescue, law enforcement, and airborne use of force missions. Photo: Coast Guard

The Coast Guard last Thursday awarded Lockheed Martin’s [LMT] Sikorsky business unit a potential $850 million contract for new H-60 helicopter hulls as part of the sustainment program for the service’s MH-60T fleet, which entered service in 1990. Under the initial order worth nearly $207 million, Lockheed Martin will provide 25 new hulls, including non-recurring engineering costs. Delivery of the first new hull is expected in early 2023 and subsequent deliveries of about one a month will start in late…

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 […]