Aerospace Group:

Navy/USMC

Lockheed Martin Wins New Hypersonic Mod, Raising Total Value To $2.8 Billion

Friday, March 12th, 2021

SHARE:

Lockheed Martin Wins New Hypersonic Mod, Raising Total Value To $2.8 Billion

Concept art of a hypersonic weapon. (Image: Lockheed Martin)

The Navy awarded Lockheed Martin [LMT] a $1.5 billion modification on March 11 for the joint Army-Navy program to develop a common rocket and hypersonic glide vehicle for both services, raising the total program value to $2.8 billion. This specific modification is for the design, development, build and integration of equipment for missile flight test demonstrations and fielding. This modification award provides for the definitization of previous un-priced letter contract modifications. Work will mostly occur in Denver (32 percent); Sunnyvale,…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]