:

Navy Awards Lockheed Martin $500 Million For Presidential Helicopter Work

DDN

Tuesday, December 9th, 2008

SHARE:

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.…

Congress

House Republicans Block Measure To Impeach Hegseth

House Republicans on Tuesday evening voted to block an attempt to impeach Defense Secretary Pete Hegseth. In a 211-204 vote, the House moved to refer Rep. Thomas Massie’s (R-Ky.) articles […]

Congress

Top House Defense Appropriator Calvert Officially Wins Reelection Bid

Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid. Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]

Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]

Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]