Aerospace Group:

South Korea Cancels KF-16 Upgrade Contract With BAE Systems

Friday, November 7th, 2014

SHARE:

South Korea on Nov. 5 canceled its KF-16 upgrade contract with BAE Systems for initial development and long-lead production, according to the Defense Security Cooperation Agency (DSCA). The contract was the first of a two-phase Foreign Military Sales (FMS) procurement for the upgrade of 134 KF-16s. The Defense Department in May awarded BAE a $140 million firm-fixed-price contract with the first upgraded KF-16 scheduled for delivery in 2019. BAE previously said its competitive selection for KF-16 was the first time…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

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

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]