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Army

Army Awards Lockheed Martin $430.9 Million To Help Replenish HIMARS Stockpiles

By Matthew Beinart

Friday, December 2nd, 2022

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Army Awards Lockheed Martin $430.9 Million To Help Replenish HIMARS Stockpiles

A High Mobility Artillery Rocket System (HIMARS) rocket launch.

The Army on Thursday awarded Lockheed Martin [LMT] a $430.9 million production contract for High Mobility Artillery Rocket System (HIMARS) launchers to help replenish stockpiles of the weapon sent to Ukraine. “This award will enable us to replenish our own inventory while providing critical capabilities for our allies and international partners,” Doug Bush, the Army’s top acquisition official, said in a statement. “We remain committed to getting things on contract as quickly as possible to ensure our stocks are rapidly…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

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Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

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Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]