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Navy Awards Lockheed Martin $500 Million For Presidential Helicopter Work

DDN

Tuesday, December 9th, 2008

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Lockheed Martin [LMT] was awarded a $500 million modification to a previously awarded cost-plus-award-fee contract to provide additional funds for engineering development efforts in support of the System Development and Demonstration (SDD) of the VH-71 Presidential Helicopter, the Navy recently said. This action is aligned with the FY '09 Appropriations/Authorization Act, the Navy added. The contract modification, increasing the contract ceiling on the VH-71 contract, is a reflection of cost growth already reported by acquisition leadership in March 2008, Cmdr.…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

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

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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 […]