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Business/Financial

Lockheed Martin Receives $194 Million For Army ATACMS

DDN

Tuesday, February 12th, 2008

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Lockheed Martin [LMT] announced the award of $194 million from the Army Aviation & Missile Command for production of the combat-proven Army Tactical Missile System (ATACMS). The contract includes the ATACMS Quick Reaction Unitary and the Block IA Missiles. ATACMS is a long-range missile artillery round designed specifically for destroying high-priority targets at ranges up to 300 kilometers. Able to deliver a wide variety of warhead options, it can operate in all climate and light conditions while remaining beyond the…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]