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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

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]