The Senate on Tuesday proposed a $1.4T spending package that includes $696B in defense appropriations for fiscal year 2021, Defense News reports. Senators must reconcile the upper chamber's 12-bill package with the House, which passed in July a $694.6B defense spending bill for FY 2021 as part of a $1.3T package, and reach a deal before a continuing resolution expires on Dec. 11 to avoid a government shutdown.
Read More »State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE
The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.
Read More »Lockheed Gets Potential $62B FMS Contract for F-16 Production
Lockheed Martin (NYSE: LMT) has received a potential 10-year, $62B contract from the U.S. Air Force to build F-16 fighter aircraft for foreign military sales clients.
Read More »Boeing Awarded Potential $23B Air Force F-15EX Fighter Jet Production IDIQ
The U.S. Air Force has awarded Boeing (NYSE: BA) a potential $22.9B contract to design and build F-15EX fighter aircraft.
Read More »Proposed $23.1B F-35 Sale to Japan Gets State Dept Clearance
The State Department has cleared Japan’s request to buy 105 units of Lockheed Martin-built (NYSE: LMT) F-35 fighter jets, Pratt & Whitney-made aircraft engines and related equipment and services under a potential $23.11B foreign military sales agreement.
Read More »Lockheed Announces Alternate Work Schedule for F-35 Production Staff; Michele Evans Quoted
Lockheed Martin (NYSE: LMT) has agreed with the International Association of Machinists and Aerospace Workers to implement an alternate work schedule to continue to staff the F-35 production line in Fort Worth, Texas, in response to supplier delays due to the coronavirus pandemic.
Read More »Poland Close to Finalizing Lockheed F-35 Procurement Deal With US
A defense minister said Poland is set to finalize an agreement to buy 32 units of the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II fighter aircraft from the U.S. government in late January, Defense News reported Thursday.
Read More »BGOV: Lockheed F-16, Raytheon Missile Tech In Demand Among Fiscal 2019 FMS Clients
The Raytheon-built (NYSE: RTN) AIM-120C-7 medium air-to-air missile and the F-16 fighter jet from Lockheed Martin (NYSE: LMT) were the most popular weapon systems the U.S. sold to allies in fiscal year 2019 through the foreign military sales program, Bloomberg Government reported Wednesday.
Read More »Lockheed Gets $172M Navy Contract for F-35 Long-Lead Materials Procurement
Lockheed Martin’s (NYSE: LMT) aeronautics business has received a potential four-year, $172.2M contract to supply parts and long-lead materials for use in the production of 28 lot 15 F-35 fighter planes for the U.S. Navy and the U.S. Marine Corps.
Read More »L3Harris, Northrop Awarded Air Force F-16 Electronic Warfare Prototype OTAs
The U.S. Air Force has awarded L3Harris Technologies (NYSE: LHX) and Northrop Grumman (NYSE: NOC) other transaction agreements to develop and demonstrate electronic warfare system prototypes for the service branch’s F-16 fighter jets.
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