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Army

Lockheed Martin Grabs $66 Million JAGM Contract

Valerie Insinna

Monday, August 3rd, 2015

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Lockheed Martin Grabs $66 Million JAGM Contract

JAGM concept. Image: Lockheed Martin.

Lockheed Martin [LMT] locked up a $66.3 million contract for the next stage of the Joint Air-to-Ground Missile (JAGM) competition, which will replace the ubiquitous Hellfire missile currently used by 28 countries.The Army announced Friday it would award a fixed price incentive firm target contract to Lockheed Martin for the engineering, manufacturing and development (EMD) phase. The contract also includes two options for low-rate initial production (LRIP), each worth about $60 million, which would be exercised after a Milestone C…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]