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Business/Financial

Lockheed Martin Gets Potential $822 Million CBP P-3 Maintenance Award

DDN

Wednesday, July 29th, 2009

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Customs and Border Protection (CBP) yesterday awarded Lockheed Martin [LMT] a potential 10-year, $822 million contract to provide maintenance, repair and overhaul services for its fleet of 16 P-3 Orion surveillance aircraft. The contract has a two month phase-in period worth $3.9 million, followed by a base-year and nine one-year options. CBP said it sought competition through the bidding process but that only Lockheed Martin responded. Lockheed Martin makes the P-3. CBP operates eight P-3 Airborne Early Warning aircraft and…

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 […]

Space

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

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]