Low Rate Initial Production (LRIP) Archives

Northrop Grumman Reports Strong Growth, Records Nearly $ 9.8 Billion in Sales for the Third Quarter of 2023

Admin - October 27, 2023

Washington: Leading American defence company, Northrop Grumman, October 26, reported sales in its most recent quarter grew 9%, buoyed by increases in all four of its sectors. The company recorded nearly $ 9.8 billion in...

U.S. Army awards BAE Systems $797 million contract to begin full rate production of Armored Multi-Purpose Vehicle

Admin - September 2, 2023

BAE Systems received a $797 million contract to continue production of the Armored Multi-Purpose Vehicle (AMPV) for the U.S. Army, with additional options for a potential total contract amount of $1.6 billion. This award brings...

US Marine Corps Orders More Amphibious Combat Vehicles

Admin - October 30, 2019

This award is an important next step on the path to full rate production. This latest contract is for the ACV personnel carrier variant (ACV-P), an eight-wheeled amphibious assault vehicle capable of transporting Marines...

Lockheed Martin Drives Affordability in F-35 Training

Admin - November 28, 2018

ORLANDO, Florida. Lockheed Martin reduced the cost of an F-35 Full Mission Simulator (FMS) by $3 million per copy since program inception, reflected in Low Rate Initial Production (LRIP) lot 11. Comprised of 15 simulators, these...