:

Business/Financial

Contracts

DDN

Monday, August 25th, 2008

SHARE:

Lockheed Gains $357 Million Hellfire II Production Contract The Army gave Lockheed Martin Corp. [LMT] a $357 million deal to produce more Hellfire missiles, the company announced today. They will go to U.S. and allied forces, with delivery beginning in 2010, and contract options possible in 2009 and 2010 that could extend full-rate production through 2013. The contract also provides options for major additional orders in 2009 and 2010. If exercised, the options will sustain full-rate production through 2013. Options…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]