Aerospace Group:

Air Force

DoD Implements Rule on Limiting Fixed Price LRIP Contracts

Frank Wolfe

Monday, May 20th, 2024

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DoD Implements Rule on Limiting Fixed Price LRIP Contracts

One of the Aerospace Industries Association's (AIA) 22 bullet point priorities for the fiscal 2025 defense authorization bill is to limit contracting officers in buying "not more than one lot of low-rate initial production (LRIP) end items using fixed price options" through an amendment to Title 10, Section 3322. That suggestion to congressional defense authorizers is one of five under the AIA heading, "Streamline the Acquisition Process." On April 25, DoD implemented a final rule to enact Section 808 of…

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

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Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

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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 […]