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Air Force

Navy Awards Lockheed Martin $279 Million Contract Modification For F-35

Pat Host

Monday, July 14th, 2014

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Navy Awards Lockheed Martin $279 Million Contract Modification For F-35

The Navy Monday awarded Lockheed Martin [LMT] a $279 million contract modification to a previously awarded F-35 low rate initial production (LRIP) Lot 6 contract, according to a Defense Department statement. The modification provides for non-recurring sustainment activities, to include procurement of Depot Phases I-IV sustainment activities. Work is expected to be completed by October 2018. Fiscal year 2012 aircraft procurement (Navy and Air Force) funds and international partner funds in the amount of $279 million will be obligated at…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]