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Air Force

Lockheed Martin in ‘Late Stage Negotiations’ With Company to Create Solid Rocket Motor Provider

Frank Wolfe

Wednesday, September 20th, 2023

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Lockheed Martin in ‘Late Stage Negotiations’ With Company to Create Solid Rocket Motor Provider

Australian Defense Minister Pat Conroy examines the undercarriage of a P-8C Poseidon. Australia plans to equip the Poseidon with LRASM (Australian Defence Force Photo)

Lockheed Martin [LMT] is pursuing the creation of a provider of solid rocket motors beyond the two main suppliers--Northrop Grumman [NOC] through its 2018 buy of Orbital ATK and L3Harris [LHX] through its recent acquisition of Aerojet Rocketdyne. "We are endeavoring as a defense company to create another supplier," James Taiclet, the president of Lockheed Martin, testified at a Sept. 20 hearing of the House Armed Services Committee's cyber, information technologies, and innovation (CITI) panel in response to a question from…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

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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 […]