Aerospace Group:

Navy/USMC

Navy Issues Lockheed Martin $279 Million to Start LCS-23 Construction

Valerie Insinna

Monday, November 30th, 2015

SHARE:

Navy Issues Lockheed Martin $279 Million to Start LCS-23 Construction

USS Freedom (LCS-1). Photo: U.S. Navy.

The Navy has awarded Lockheed Martin [LMT] the $279 million necessary to complete construction of the 23rd Littoral Combat Ship, the USS Cooperstown, the company said Monday.Congress in March appropriated $79 million for advanced procurement of the Cooperstown. This new funding will allow Lockheed Martin to proceed to construction while keeping the ship on schedule and on cost, the company said in a news release.Lockheed Martin and shipbuilder Fincantieri Marinette Marine are tentatively scheduled to begin construction in January 2017,…

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]