Aerospace Group:

Air Force

Lockheed Martin Wins $87 Million LRASM Production Contract, Tests Ship Launch

Thursday, July 27th, 2017

SHARE:

Lockheed Martin Wins $87 Million LRASM Production Contract, Tests Ship Launch

A Lockheed Martin rendering of LRASM. (Image: Lockheed Martin).

The U.S. Navy and Air Force awarded Lockheed Martin [LMT] an $86.5 million Long Range Anti-Ship Missile (LRASM) production, the company said Wednesday.The contract is the first production award for an air-launched variant of LRASM and includes 23 missiles with engineering support that fall under low-rate initial production (LRIP) Lot 1. Lockheed Martin expects several annual production lots to deliver further missiles to the Navy and Air Force.A Defense Department contract announcement said this is a sole-source acquisition with the…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

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 […]