:

Air Force

F-35 Sustainment Contract To Pay Bonuses for Improved MC Rates

Frank Wolfe

Wednesday, March 9th, 2022

SHARE:

F-35 Sustainment Contract To Pay Bonuses for Improved MC Rates

U.S. Air Force F-35A Lightning II aircraft assigned to the 495th Fighter Squadron, return to Royal Air Force Lakenheath, England, after concluding a training exercise with NATO allies on Feb. 22 (U.S. Air Force Photo)

Lockheed Martin [LMT] is to receive incentive bonuses on its sustainment contract for the F-35 fighter by achieving an "up to" 75 percent mission capable (MC) rate for the U.S. Air Force F-35A and a 61 percent MC rate by fiscal 2023 for the U.S. Marine Corps F-35B and U.S. Navy F-35C, the F-35 Joint Program Office said on March 9. The conference report on the fiscal 2022 omnibus spending bill directs the DoD acquisition chief's office to deliver to…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]