Aerospace Group:

Lockheed Martin Wrests $5 Billion SOCOM Logistics Support Contract From L-3

DDN

Thursday, March 5th, 2009

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By Marina Malenic Beating out a long-term incumbent, Lockheed Martin [LMT] has been awarded a 10-year, $5 billion contract to supply U.S. Special Operations Forces with logistics support, the Defense Department said on Monday. L-3 Communications [LLL] had been in charge of the program for the past 20 years, which had provided the company approximately $400 million in annual revenue. The new contract is worth approximately $500 million in sales per year. Several competitors, including a Boeing [BA]-led team, competed…

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 […]