Aerospace Group:

Air Force

DoD, Lockheed Martin Finally Agree On F-35 LRIP IV Contract

DDN

Thursday, September 23rd, 2010

SHARE:

By Calvin Biesecker Months later than expected, the Defense Department and prime contractor Lockheed Martin [LMT] yesterday said they have agreed to terms for the fourth low-rate initial production (LRIP) contract for 32 F-35 Joint Strike Fighter aircraft, although the final award amount was not released. The new contract is fixed-price, which puts more risk on Lockheed Martin if it can't deliver the aircraft on budget. The old contract structure was cost-plus, which means the government absorbs the cost overruns,…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]