Aerospace Group:

Lockheed Martin Wins $383.1 Million Trident II Contract Mod

Sarah Salem

Monday, February 3rd, 2025

SHARE:

Lockheed Martin [LMT] won a modification to a previously awarded contract to work on advanced design and development efforts for the Trident II Life Extension 2 Alteration, the Department of Defense said Friday. According to a press release by the DoD and the Navy, the cost-plus-incentive-fee and cost-plus-fixed-fee modification to the already existing Lockheed Martin contract for the sea-based leg of the nuclear triad was awarded on a sole source basis. An obligation of $382.1 million in weapons procurement funds…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]