Aerospace Group:

Business/Financial

Tentative Deal Reached On F-35 Labor Dispute

Defense Daily Staff

Tuesday, June 26th, 2012

SHARE:

Lockheed Martin [LMT] and a machinists union representing striking workers at the company’s F-35 plant in Fort Worth, Texas have reached a tentative agreement that could end the two-month long labor dispute. The tentative deal was reached during four days of talks that concluded on Saturday among Lockheed Martin, the International Association of Machinists and Aerospace Workers District 776 and federal mediators. “We are pleased to report our discussions with the union have been productive and we reached a tentative…

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 […]

Congress

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

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

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

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]