Lockheed Martin [LMT] yesterday said the Army awarded it $391 million in production orders for a new radar system that gives soldiers with enhanced 360-degree protection from rocket, mortar and artillery fire. In early March, the Army awarded the company an $881 million contract for the AN/TPQ-53 Firefinder Radar, formerly called the EQ-36 radar (Defense Daily, March 2). That firm fixed price award has a base year and two option years, which could yield as many as 51 systems. The…
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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 […]
Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation
NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]
HII Executive Outlines Its Shipbuilding Acceleration Strategy
An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]
House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature
The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]
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