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Air Force

Rolls-Royce, Lockheed Martin Reach Potential Billion Dollar Deal For C-130J Propulsion

Pat Host

Wednesday, February 12th, 2014

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Rolls-Royce, Lockheed Martin Reach Potential Billion Dollar Deal For C-130J Propulsion

Rolls-Royce has reached a long-term agreement with Lockheed Martin [LMT] worth up to $1 billion to deliver approximately 600 engines for future C-130J aircraft, according to a Rolls-Royce statement. The agreement secures the Rolls-Royce AE 2100 as the engine of choice for all variants of the C-130J through 2025. The engine agreement will service United States and international contract requirements between 2014 and 2018. The AE 2100 powers all C-130Js while Rolls-Royce T56 engines propel the legacy C-130 fleet. The…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]