:

Army

Court: Lockheed Martin Was Unlikely To Prevail In JLTV Lawsuit Against Army

Friday, February 19th, 2016

SHARE:

Court: Lockheed Martin Was Unlikely To Prevail In JLTV Lawsuit Against Army

JLTV Photo: Oshkosh Defense

Lockheed Martin [LMT] likely knew its case against the Joint Light Tactical Vehicle (JLTV) contract award to Oshkosh [OSK] was doomed a week before it voluntarily abandoned the five-month contest, according to court documents.The lawsuit challenging the Army’s decision was withdrawn by Lockheed Martin on Wednesday, but court documents continue to trickle into the public record. A ruling on Lockheed Martin’s motion for preliminary injunction released Feb. 19 shows a federal judge essentially dismantled Lockheed Martin’s case a week ago.The…

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

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

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

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

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 […]