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Navy/USMC

Lockheed Martin Wins Mk48 Torpedo Modification Deal

DDN

Wednesday, March 9th, 2011

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By Carlo Munoz Defense giant Lockheed Martin [LMT] has wrapped up a multimillion dollar deal to upgrade the Navy's heavy torpedo arsenal to take out shallow water targets, according to company officials. The $50 million contract awarded by Naval Sea Systems Command to Lockheed Martin this week will cover the initial and full-rate production of over 100 Common Broadband Advanced Sonar System (CBASS) replacement kits for the Mk48 torpedo. Outfitted with improved guidance and signals processing systems, as well as…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]