:

Advanced / Transformational Technology

Lockheed Martin Pushes to Extend F-35 Sustainment Contracts From One Year to Five Years

By Vivienne Machi

Thursday, September 19th, 2019

SHARE:

Lockheed Martin Pushes to Extend F-35 Sustainment Contracts From One Year to Five Years

The F-35A flies its aerial demonstration debut at the 2017 Paris Air Show. (Photo: Ethan Stokes/Lockheed Martin)

NATIONAL HARBOR, Md. – The F-35 Joint Strike Fighter’s manufacturer wants to negotiate maintenance contracts on a five-year schedule, a new process it claims will save $1 billion in sustainment costs for the U.S. military over that contract period. Lockheed Martin [LMT] is pitching a shift away from the typical yearly contract negotiation cycle that the company says assumes significant government risk and drives minimal long-term industry investment. Officials submitted a white paper to Pentagon acquisition leaders in August to…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]