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Army

Lockheed Martin Receives $362 Million Army Deal To Recapitalize 50 MLRS Launchers

By Matthew Beinart

Tuesday, April 23rd, 2019

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Lockheed Martin Receives $362 Million Army Deal To Recapitalize 50 MLRS Launchers

Lockheed Martin [LMT] has received a $362 million deal from the Army to recapitalize 50 Multiple Launch Rocket System (MLRS) launchers, the Pentagon said Monday. The deal is an initial step towards the Army’s goal to eventually upgrade its fleet of 225 MLRS M270A1 and 160 previously decommissioned M270A0’s to the latest M270A2 iteration. "This investment to upgrade the MLRS launcher fleet reflects our customers continued confidence in our ability to provide a combat-proven precision strike system from the ground…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

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Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]