By Ann Roosevelt Lockheed Martin [LMT] yesterday said it received a $61 million follow-on low rate production contract for Guided Multiple Launch Rocket System (MLRS) Unitary rockets. To date, more than 850 GMLRS rockets have been fired in the Global War on Terror. Work on this contract will be performed at the company's facilities in Camden, Ark., and Dallas, Texas. The deliveries will begin in May 2010 and conclude in July of that year. Lockheed Martin expects its first full-rate…
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Congress Updates
Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests
The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]
U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says
The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]
White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA
The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]
House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0
The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]