Tag Archives: low rate initial production

The U.S. Navy has awarded Raytheon (NYSE: RTN) an $84.7M contract modification to help address fiscal year 2020 low-rate initial production requirements for the Block 2 Evolved Sea Sparrow Missile system.

Lockheed Martin's (NYSE: LMT) Sikorsky subsidiary and the U.S. Air Force expect to complete the milestone C decision process for a new combat rescue helicopter platform by Sept. 24, FlightGlobal reported Thursday.

An unmanned undersea vehicle General Dynamics (NYSE: GD) built to support the U.S. Navy’s mine countermeasure missions has received Milestone C approval from the program executive officer for unmanned and small combatants, Naval Sea Systems Command reported Monday.

Harris (NYSE: HRS) has been awarded a second low-rate initial production order to supply the U.S. Army with tactical radio systems as part of a potential 10-year, $12.7B contract awarded in 2016. The new order falls under the Handheld, Manpack and Small Form-Fit indefinite-delivery/indefinite-quantity contract and precedes an operational test the service branch will conduct, Harris said Thursday.

Lockheed Martin (NYSE: LMT) and the Department of Defense have reached a “handshake agreement” for the company to build 157 low rate initial production lot 12 F-35 fighter aircraft with options for LRIP lots 13 and 14.

BAE Systems has secured two contract modifications worth potentially $575M combined to begin low-rate initial production of Armored Multi-Purpose Vehicles for the U.S. Army. The company said Monday it will manufacture AMPV general purpose, medical evacuation, command and control, medical treatment and mortar carrier variants under the new pair of awards. “Moving …

The U.S. Air Force has awarded Raytheon (NYSE: RTN) a $141.4M contract option to manufacture a fifth batch of air-launched, precision-strike glide bombs. Raytheon’s missile systems business will produce 1.2K Small Diameter Bomb II munitions, 389 single-weapon containers and 344 dual-weapon containers, the Department of Defense said Tuesday. The exercised option also includes 20 demonstration effort captive …

TYSONS CORNER, VA, June 29, 2018 — Lockheed Martin’s (NYSE: LMT) Joint Air-to-Ground Missile has received a “milestone C” decision from the Defense Department’s defense acquisition board, allowing the company to commence the low-rate initial production of the weapon system, ExecutiveBiz reported Thursday. The company said Wednesday the board granted …

Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps. The modification allocates $74.7 million for long-lead time materials, parts, components and support …

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a potential $1.46 billion modification under a U.S. Navy advance acquisition contract for the low-rate initial production of F-35 air systems. The modification funds long-lead material and parts Lockheed will need to manufacture 145 lot 13 aircraft for the U.S. military services, …