:

Budget

DoD Plans to Spend $6.6 Billion on F-35 Continuing Development Through 2024

By Brian Garrett-Glaser

Tuesday, March 19th, 2019

SHARE:

DoD Plans to Spend $6.6 Billion on F-35 Continuing Development Through 2024

An F-35C firing missiles upside down (Lockheed Martin)

The U.S. Defense Department plans to spend about $6.6 billion on continuous capability development and delivery (C2D2) for the F-35 Joint Strike Fighter from 2019 through 2024, according to its just-released fiscal year 2020 budget proposal. Lockheed Martin's [LMT] F-35 has been in low-rate initial production through its first 12 lots, but the company plans to enter full-rate production this year, jumping to 130 deliveries, up from 91 deliveries in 2018 across all three variants — conventional takeoff F-35A, vertical-takeoff-and-landing F-35B and…

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]