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Navy Awards $2 Billion Contract For MH-60 Seahawk Support

Wednesday, March 4th, 2015

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The Navy has awarded a $2 billion contract that will run into 2020 to provide spares and repair parts for the service fleet of more than 500 MH-60 Seahawk helicopters.The contract was awarded to Maritime Helicopter Support Company (MHSCo), a joint venture between Lockheed Martin [LMT] and Sikorsky, a division of United Technologies [UTX]. Lockheed Martin supplies the avionics for the Seahawks, while Sikorsky is the airframe maker.The venture was formed on a performance-based model, which pays it for every…

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 […]