:

Lockheed Martin Wins Contract Worth Potential $900 Million for F-16 Depot Work

Frank Wolfe

Friday, December 11th, 2020

SHARE:

The U.S. Air Force on Dec. 11 awarded Lockheed Martin [LMT] a contract over three other bidders worth potentially $900 million for depot work on the company's F-16 fighter. Under the contract, the company is to open a U.S.-based facility to support F-16 maintenance and service life extension program (SLEP) modification efforts to ease the load on Hill AFB, Utah to keep the planes flying through 2046 (Defense Daily, Feb. 28) "Support will include all aircraft modifications, unplanned drop-in maintenance,…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]