Aerospace Group:

Navy/USMC

Lockheed Martin Gets Another $1.8 Billion For F-35 Block 4

Monday, June 10th, 2019

SHARE:

Lockheed Martin Gets Another $1.8 Billion For F-35 Block 4

Two F-35C Lightning II aircraft from Naval Air Station Lemoore fly in formation over the Sierra Nevada Mountain Range after completing a training mission (U.S. Navy Photo)

The Navy on Friday awarded Lockheed Martin [LMT] a $1.8 billion contract to continue design maturation and development of F-35 Block 4 capabilities. This award specifically is in support of the F-35 Phase 2.3 Pre-Modernization for the Air Force, Navy, Marine Corps, and non-Defense Department participants. Block 4 consists of modernization follow-on upgrade developments for the F-35, particularly software upgrades. According to a recent Government Accountability Office (GAO) report, the Block 4 upgrades are expected to cost $10.5 billion total…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]