:

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…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]