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Congress

Lockheed Martin’s Remote Minehunting System Cancelled

Valerie Insinna

Friday, March 25th, 2016

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Lockheed Martin’s Remote Minehunting System Cancelled

Lockheed Martin's Remote Minehunting System deploys from the USS Independence (LCS 2).

The Defense Department in its 2015 Selected Acquisition Report (SAR) officially rang the death knell for Lockheed Martin's [LMT] Remote Minehunting System (RMS), a mine detecting semi-submersible that was originally planned to be deployed from the Littoral Combat Ship (LCS).According to the report, the planned quantities to be purchased have decreased from anywhere between 44 to 54 units total to the 10 already delivered. Cancelling the program saves the department $750 million, a senior defense official said March 24. However,…

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 […]