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Tag Archives: Milestone C

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 …

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SAIC Moves Forward on Assault Amphibious Vehicle Survivability Updates for Marines

TYSONS CORNER, VA, Sept. 21, 2017 — Science Applications International Corp. (NYSE: SAIC) will proceed to the production and deployment phase of the U.S. Marine Corps‘ Assault Amphibious Vehicle survivability upgrade program after getting clearance from the program executive officer for land systems, ExecutiveBiz reported Wednesday. The company said Tuesday the Marine Corps …

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Boeing Gets $2.8B Air Force Contract Modification for Lot 1 & 2 Tankers

Boeing (NYSE: BA) has been awarded a potential two-year, $2.81 billion contract modification to deliver a total of 19 KC-46A Pegasus low-rate initial production aircraft to the U.S. Air Force. The service branch made the award for the first two LRIP lots after the aircraft received Milestone C approval from the Defense …

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Lockheed’s PAC-3 MSE Gets Initial Operational Capability Status

TYSONS CORNER, VA, Aug. 17, 2016 — Lockheed Martin‘s (NYSE: LMT) PAC-3 Missile Segment Enhancement interceptor system has reached initial operational capability status following a review by the U.S. Army, ExecutiveBiz reported Tuesday. The company said Tuesday it previously achieved Milestone C approval for PAC-3 MSE and received an initial contract for the missile system from the Army …

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Boeing to Issue $2.05B Charge, $393M KC-46 Writedown in 2Q Earnings

Boeing (NYSE: BA) will take $2.05 billion in total after-tax charges on second quarter earnings that include a $393 million writedown on the KC-46 refueling tanker for the Air Force when the airplane manufacturer reports April-June results Wednesday. The company said Thursday the charges amount to $3.23 in earnings per share with 63 …

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