:

Navy Awards Lockheed Martin $3.7 Billion In Additional F-35 LRIP Aircraft

Friday, August 4th, 2017

SHARE:

The U.S. Naval Air Systems Command awarded Lockheed Martin [LMT] a $3.7 billion modification to a previously awarded Low Rate Initial Production (LRIP) Lot 11 F-35 advance acquisition contract for additional aircraft, the Defense Department said July 28.This undefinitized not-to-exceed modification provides for the procurement of 50 aircraft for non-DoD participants and Foreign Military Sales (FMS) customers. This comprises one F-35B for the United Kingdom, one F-35A for Italy, eight F-35As for Australia, eight F-35As for the Netherlands, four F-35As for Turkey, six…

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]