Aerospace Group:

Air Force

Pentagon Awards $2.2 Billion Contract To Buy 12 CTOL, STOVL JSFs

DDN

Friday, May 23rd, 2008

SHARE:

The Pentagon has authorized the release of $2.2 billion to buy six conventional takeoff and landing (CTOL) F-35A Lightning IIs for the Air Force, with provisional approval to purchase six short takeoff/vertical landing (STOVL) F-35Bs for the Marine Corps following a senior leadership review and the inaugural flight of that variant, according to Lockheed Martin [LMT]. The 12 aircraft will be built in the second phase of F-35 low-rate initial production (LRIP 2), the company said. The $2.2 billion contract…

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 […]