:

Stevens: F-35 Lot IV Contact Negotiations Weeks Away From Finishing

DDN

Wednesday, July 28th, 2010

SHARE:

By Calvin Biesecker Contract negotiations between Lockheed Martin [LMT] and the Defense Department for the fourth low-rate production lot of F-35 Joint Strike Fighters should be finalized in weeks, possibly just a "couple of weeks," Lockheed Martin Chairman and CEO Bob Stevens said yesterday. While the production awards have typically occurred in the spring, Stevens said the fact that the contract is transitioning to a fixed-price, incentive-fee type award away from cost-plus has generated more discussion from both his company…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]