Aerospace Group:

Air Force

Lockheed Martin Announces Stand-in Attack Weapon Award

Frank Wolfe

Tuesday, June 7th, 2022

SHARE:

Lockheed Martin Announces Stand-in Attack Weapon Award

Two U.S. Air Force F-35A Lightning IIs assigned to the 48th Fighter Wing at RAF Lakenheath, United Kingdom, fly over the North Sea on April 14 (U.S. Air Force Photo)

The U.S. Air Force has awarded Lockheed Martin [LMT] a contract for the Stand-in Attack Weapon (SiAW), the company said on June 7. Lockheed Martin, Northrop Grumman [NOC], Raytheon Technologies [RTX] and L3Harris [LHX] have been competing for SiAW, which is to operate in anti-access/area denial environments to strike mobile targets, including enemy missile launchers, GPS jammers, anti-satellite systems, and integrated air defense systems. The Air Force requested nearly $78 million in procurement for 42 SiAWs in fiscal 2023. Each…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

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 […]