The Air Force has awarded Lockheed Martin a $46 million modification to the production contract for geosynchronous vehicles five and six in the Space Based Infrared System (SBIRS) program. SBIRS satellites provide advanced early missile warning and battlefield awareness. Three SBIRS satellites are currently on-orbit, with GEO-3 having launched in January. Lockheed originally received $1.9 billion for production of GEO-5 and GEO-6 in 2014. SBIRS is one of a number of space acquisition programs that recently came under fire in a Government Accountability Office report, which said the program arrived nine years late and had 300 percent cost overruns. President Donald Trump’s fiscal year 2018 budget proposes $1.4 billion in new funding for the program, which the Air Force says will complete GEO-5 and GEO-6 production and begin work on GEO-7 and GEO-8.
Lockheed Martin's first new-build F-16 Block 70 has emerged from the company's Greenville, S.C., factory, launching a new phase in production of the Falcon, which first became operational with the Air Force 44 years ago.