Aerospace Group:

Army

Army Accepts First Deliveries Of Lockheed Martin’s Precision Strike Missiles

By Matthew Beinart

Friday, December 8th, 2023

SHARE:

Army Accepts First Deliveries Of Lockheed Martin’s Precision Strike Missiles

Precision Strike Missiles. Photo: Lockheed Martin.

The Army has officially accepted delivery of the first Lockheed Martin [LMT]-built Precision Strike Missiles (PrSM), the service said on Friday. Delivery of the PrSM Inc. 1 Early Operational Capability Missiles follows a successful production qualification test with the new weapon at White Sands Missile Range in New Mexico in November. “The Precision Strike Missile will provide Joint Force commanders with a 24/7, all-weather capability that will counter the enemy’s ability to conduct combat maneuver and air defense operations,” Doug…

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, […]