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Business/Financial

Navy Certifies Lockheed Martin’s Aegis BMD System With ‘Terminal Phase’ Capability

DDN

Thursday, March 19th, 2009

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Lockheed Martin's [LMT] latest Aegis Ballistic Missile Defense (BMD) System with flight test-proven terminal intercept capability recently received full certification from the Navy, the company reported yesterday. This newest upgrade to the operational BMD system deployed today adds the capability to defeat short-range ballistic missiles as they re-enter the atmosphere in their final (terminal) stage of flight. The system is already certified to defeat longer range ballistic missiles above the atmosphere, according to Lockheed Martin. By June, Aegis BMD version…

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, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]