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Business/Financial

IDF Awards Lockheed Martin $2.3 Million For LCS Combat Systems Study

DDN

Friday, November 16th, 2007

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Lockheed Martin [LMT] was awarded a $2.3 million foreign military sales contract to continue concept and preliminary design work on the proposed Israeli Navy's Littoral Combat Ship (LCS-I), the company said. Lockheed Martin will work with the U.S. and Israeli navies to develop a technical specification and acquisition cost package for the LCS-I combat system. As a result of briefings held in late 2004 on LCS, the Israel Defense Forces (IDF) approached the U.S. Navy about conducting a platform study…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

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Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

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Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]