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Business/Financial

Freedom Performing Better Than Expected, Lockheed Martin Official Says

DDN

Thursday, July 31st, 2008

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By Geoff Fein Over the remaining nine days, Lockheed Martin [LMT] and the Navy will put the Freedom (LCS-1) through her paces preparing the vessel for acceptance trials slated to begin next month, a company official said. Freedom, the first of the new class of Littoral Combat Ships designed to carry interchangeable mission packages, transforming the ship from mine warfare to anti- submarine or surface warfare capabilities, began builder's trials Monday in Marinette, Wis. Freedom is a semi plaining monohull…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

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 […]