Aerospace Group:

Navy/USMC

Navy Awards Raytheon $51 Million RAM Block 2 Missile Contract

Wednesday, August 8th, 2012

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The Navy last week awarded Raytheon [RTN] a $51.7 million low-rate initial production (LRIP) contract for Rolling Airframe Missile (RAM) Block 2 production, the company said in a statement. The firm-fixed-price contract, not competitively procured, is for 51 Block 2 MK-44 Mod 4 RAM guided missile round pack all-up-rounds, according to a Navy statement. The deal, awarded July 31, includes options, which, if exercised, would bring the cumulative value to more than $105 million. Raytheon Deputy Director for the RAM…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

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Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

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Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

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