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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

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 […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]