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Business/Financial

Navy Says It Had No Option On Aegis Sole Source Contract To Lockheed Martin

DDN

Wednesday, November 5th, 2008

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By Geoff Fein Lockheed Martin [LMT] Maritime Systems and Sensors (MS2) was the only company capable of performing the requirement of three Navy solicitations for Aegis Ballistic Missile Defense work and awarding the contracts to another company would result in "unacceptable delay and a substantial duplication of cost," according to the service. The Navy submitted its 71-page response to Raytheon [RTN] Integrated Defense Systems' (ISD) protest over the award of the three Aegis contracts for: Production of 14 Multi-Mission Signal…

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

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 […]