:

Lockheed, Raytheon Win Air Force Contracts For New Nuclear Cruise Missile

By Marc Selinger

Monday, August 28th, 2017

SHARE:

Lockheed Martin [LMT] and Raytheon [RTN] received contracts Aug. 23 to mature designs for the Long Range Standoff Weapon (LRSO), a replacement for the U.S. Air Force’s aging, nuclear-armed, air-launched cruise missile (ALCM).Each company has been awarded a 54-month contract valued at about $900 million for the program’s technology maturation and risk reduction (TMRR) phase. When the contracts wrap up in 2022, the Air Force plans to pick one of the firms for LRSO’s engineering and manufacturing development, production and deployment."This weapon will…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]