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DoD extends contract for Lockheed's F-22 Raptor

The new ceiling on the deal is $7.4 billion. The planes have never been used in combat and have in fact been grounded several times due to ongoing issues with the Onboard Oxygen Generating System and other malfunctions.

Tags: DoD Report , contracting , F-22 , Lockheed Martin , In Depth , Reuters

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Air Force to upgrade B-2 stealth bomber

The Air Force's B-2 stealth bomber fleet is getting ready to go under the knife.

Tags: Northrop Grumman , contracting , In Depth , DoD Report

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Despite budget cuts, DoD contractors make solid profits

An uncertain spending budget at the Defense Department isn't stopping large defense contracting companies from turning a solid profit.

Tags: DoD Report , Lockheed Martin , Boeing , General Dynamics , Northrop Grumman , In Depth , contracting

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