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Air Force

Lockheed Awarded $988 Million Contract to Continue Hypersonic Vehicle Development

By Vivienne Machi

Monday, December 2nd, 2019

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Lockheed Awarded $988 Million Contract to Continue Hypersonic Vehicle Development

The Air Force on Monday awarded Lockheed Martin [LMT] a $988.8 million contract modification to continue work on the Air-Launched Rapid Response Weapon (ARRW), one of the service’s top hypersonic vehicle development programs. The award concerns critical design review, test and production readiness support. The contract modification will definitize the contract terms, specifications and price, per the award notice. Work will be performed in Orlando, Florida, and is expected to be completed by Dec. 31, 2022. Fiscal 2020 research, development,…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]