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Army

Army Awards Lockheed Martin $331 Million Contract For Production Of Guided MLRS Rockets

Wednesday, June 15th, 2016

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Army Awards Lockheed Martin $331 Million Contract For Production Of Guided MLRS Rockets

Guided Multiple Launch Rocket Systems (GMLRS). (Photo: Lockheed Martin)

The Army awarded Lockheed Martin [LMT] a $331.8 million contract for Lot 11 production of Guided Multiple Launch Rocket System (GMLRS) rockets, the company said Wednesday.Under the contract terms Lockheed Martin will produce GMLRS Alternative Warhead rockets, Unitary rockets, and Reduced-Range practice Rockets (RRPRs) for the U.S. Marine Corps as well as Foreign Military Sales (FMS) to Israel, Finland, Jordan, and Singapore.The GMLRS is an all-weather precision rocket designed for quick deployment that launches from beyond the reach of most…

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

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, […]