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,…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]