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Business/Financial

MDA Awards Lockheed $80.6 Million For Modified Ballistic Re-Entry Vehicles

By Matthew Beinart

Thursday, March 8th, 2018

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Lockheed Martin [LMT] has received an $80.6 million contract from the Missile Defense Agency for modified ballistic re-entry vehicles and separation modules for missile defense tests, the company said Thursday.Under the deal, announced Lockheed Martin will develop unarmed re-entry vehicles for use with target missiles through 2022."The re-entry vehicle is essentially the bullseye for an interceptor missile, and it is also one of the most complex parts of the target. In today's environment, it's incredibly important to test against threat-representative…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

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, […]