Aerospace Group:

Navy/USMC

Lockheed Martin Nabs $447 Million Order Of 12 MH-60R Seahawks For South Korea

Tuesday, April 13th, 2021

SHARE:

Lockheed Martin Nabs $447 Million Order Of 12 MH-60R Seahawks For South Korea

An MH-60R Sea Hawk helicopter launches from the flight deck of the aircraft carrier USS George H.W. Bush (Photo: U.S. Navy)

Naval Air Systems Command awarded Lockheed Martin [LMT] a $447 million order on Monday to produce and deliver 12 MH-60R Seahawk helicopters for South Korea. This contract, under a previously issued basic ordering agreement, will have work split between facilities in Oswego, N.Y. (52 percent); Stratford, Conn. (40 percent); and Troy, Ala. (8 percent) and is expected to be finished by December 2024. The first aircraft is scheduled to be delivered in early 2024, with the final delivery set for…

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

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 […]