Home / Tag Archives: low rate initial production

Tag Archives: low rate initial production

Harris Receives Second Army Manpack Radio Order Under $12.7B IDIQ; Dana Mehnert Quoted

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.

Read More »

BAE Receives $575M in Army Contract Modifications to Build Armored Vehicles

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 …

Read More »

Raytheon Gets $141M USAF Contract Option to Produce Lot 5 SDB II Munitions, Equipment

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 …

Read More »

Lockheed to Start Low-Rate Initial Production of Joint Air-to-Ground Missile System

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 …

Read More »

Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract

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 …

Read More »

Lockheed Gets $1.5B Modification on Navy F-35 LRIP Advance Acquisition Contract

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, …

Read More »