:

Army

Lockheed Martin Secures GMLRS Production Option, Reduces Army Costs

By Cal Biesecker

Friday, February 1st, 2013

SHARE:

Lockheed Martin [LMT] yesterday said it received a $197 million contract option from the Army for Guided Multiple Launch Rocket System (GMLRS) Unitary rocket production, enabling the service to pay less for each rocket than if a separate 2013 production contract was issued. “By exercising an option on the Fiscal Year 2012 production contract--instead of a standalone procurement--the Army provided more capability to the warfighter, faster and at a significantly better value to the taxpayer,” Dan O’Boyle, an Army spokesman,…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]