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Air Force

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

DDN

Thursday, September 23rd, 2010

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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

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]