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bipartisan group of 18 Senators wants the Senate to include funding in the Fiscal 2010 defense appropriations bill to buy 12 additional C-17s beyond the current program of record, aircraft that the Pentagon has not requested. Led by Sen. Chris Dodd (D-Conn.), they sent a letter on Aug. 19 to the chairman and ranking member of the Senate Appropriations Committee, Sen. Daniel Inouye (D-Hawaii) and Sen. Thad Cochran (R-Miss.), respectively, requesting the additional aircraft. The Senate panel is slated to mark up its version of the defense spending measure after Congress returns from its August recess. Continue
Lockheed Martin projects more than a billion dollars of losses on a classified program, but company officials said April 23 they are confident it will turn profitable by 2028 and become a "franchise" system in the U.S. military.