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Business/Financial

Lockheed Martin Canada Wins $2 Billion Contract For Halifax Mod Effort

DDN

Tuesday, September 9th, 2008

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By Geoff Fein A Lockheed Martin [LMT] Canada industry team was awarded a $2 billion contract from the Canadian government to design and build the combat system for that nation's 12 Halifax-class frigates. Lockheed Martin beat out both a General Dynamics [GD]-led team and another that included Canadian-based MacDonald, Dettwiler and Associates Ltd. (MDA), Atlas Elektronik, and European Aeronautic Defence and Space Co. (EADS). The Canadian government announced the awarding of the two contracts to Lockheed Martin on Sept. 5.…

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 […]