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Army

Lockheed Martin Receives $358 Million ATACMS Deal, Readying Precision Strike Missile Testing In 2019

By Matthew Beinart

Monday, June 25th, 2018

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Lockheed Martin Receives $358 Million ATACMS Deal, Readying Precision Strike Missile Testing In 2019

Lockheed Martin's ATACMS

Lockheed Martin [LMT] has received a $358 million deal to produce ATACMS missiles for the Army and a foreign customer, while the company readies to begin testing in 2019 for the program’s replacement, the Precision Strike Missile (PrSM) offering, officials said Monday.Under the deal announced Monday, Lockheed Martin will modernize and refurbish 290 ATACMS for the Army with modernized electronics, and deliver 30 new missiles to an unnamed foreign customer.“This program will allow our customers to upgrade their existing Block…

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]

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 […]