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Lockheed Martin Replaces L-3 For Potential $5 Billion SOCOM Work

DDN

Wednesday, June 23rd, 2010

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The Defense Department June 21 awarded Lockheed Martin's [LMT] Information Systems & Global Services, Gaithersburg, Md., a potential $5 billion contract to support U.S. Special Operations Command, the same contract the company lost to rival L-3 Communications [LLL] a year ago. The indefinite-delivery/indefinite-quantity contract has mixed payment provisions including firm-fixed-price, incentive, and cost-reimbursable arrangements for contractor logistics support services for worldwide SOCOM support. The work, expected to run until March 1, 2018, will be done at Special Operations Forces Support…

Congress

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 […]

Congress

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 […]

Congress

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 […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]