:

Business/Financial

Lockheed Martin Maintaining Close Oversight Of Supply Chain Amid Pandemic

By Cal Biesecker

Tuesday, April 21st, 2020

SHARE:

Lockheed Martin Maintaining Close Oversight Of Supply Chain Amid Pandemic

Lockheed Martin Chairman, President and CEO Marillyn Hewson. Photo: Lockheed Martin

Supplier challenges stemming from the ongoing COVID-19 pandemic have already hit Lockheed Martin’s [LMT] Aeronautics segment, particularly with regard to the F-35 fighter program, and the company is closely monitoring supplier and government impacts to its business from the virus, company officials said on Tuesday. The company’s supply chain is the area being watched “most closely,” Marillyn Hewson, Lockheed Martin’s chairman, president and CEO, said during a first quarter earnings call. Lockheed Martin trimmed its sales outlook for 2020 by…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]