:

Business/Financial

Lockheed Takes On Boeing In Fight Over Ground-Based Missile Defense System

DDN

Monday, March 23rd, 2009

SHARE:

GMD System Operations And Sustainment At Stake; Missile Defense Agency Contract Sought Lockheed Martin Corp. [LMT] will take on The Boeing Co. [BA] in a fight for an operations and sustainment contract for the Ground-based Midcourse Defense (GMD) system, which is installed in Alaska and California to take down incoming missiles launched by North Korea. Those companies are the two largest defense contractors on the planet. Boeing, of Chicago, currently leads the GMD development and production program. Lockheed officials recently…

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, […]