Aerospace Group:

Air Force

Pentagon Awards $2.2 Billion Contract To Buy 12 CTOL, STOVL JSFs

DDN

Friday, May 23rd, 2008

SHARE:

The Pentagon has authorized the release of $2.2 billion to buy six conventional takeoff and landing (CTOL) F-35A Lightning IIs for the Air Force, with provisional approval to purchase six short takeoff/vertical landing (STOVL) F-35Bs for the Marine Corps following a senior leadership review and the inaugural flight of that variant, according to Lockheed Martin [LMT]. The 12 aircraft will be built in the second phase of F-35 low-rate initial production (LRIP 2), the company said. The $2.2 billion contract…

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 […]

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, […]