Aerospace Group:

Lockheed Martin Wins $366 Million South Korea Aegis Contract

Thursday, November 1st, 2018

SHARE:

Lockheed Martin Wins $366 Million South Korea Aegis Contract

South Korea’s Sejong the Great (DDG-991) destroyer arrives at Joint Base Pearl Harbor-Hickam during Rim of the Pacific (RIMPAC) in August 2016. (Photo: U.S. Navy)

The Naval Sea Systems Command (NAVSEA) awarded Lockheed Martin [LMT] a $366 million contract to build and integrate DDG Aegis Weapon System baseline K2 into South Korea ships.Under the Oct. 31 Foreign Military Sales (FMS) contract, the company will provide for combat system installation, staging and integrated logistics support required to install, test and deliver the Aegis Combat System K2 baselines for three South Korean destroyers.The South Korean Navy has three Sejong the Great-class guided-missile destroyers that feature the Lockheed…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]