In its annual budget request, the Pentagon asked Congress to shell out for more F-35 Joint Strike Fighters. Despite delays, cost overruns and a litany of other issues, both the program’s officials and manufacturer Lockheed Martin insist everything is moving along smoothly. Pentagon statements and Lockheed press releases highlight how the troublesome stealth...
Dave Majumdar Security, It's an intergenerational faceoff between two of America's premier fighter aircraft. The Lockheed Martin F-35 Joint Strike Fighter and the Boeing F/A-18E/F Super Hornet are both American warplanes competing for orders on the international fighter market. Show More Summary
Americas The US Department of Defense will acquire 404 F-35 fighters over the next five years. That number is a decrease of 5-7% on last year’s plan. The order will see $40 billion in revenue going to manufacturer Lockheed Martin and engine maker Pratt & Whitney. The deviation from last year’s plan comes as the […]
Lockheed Martin’s F-35 Fighter Jets have become the most expensive military project in the US history to date, but still can’t meet the Pentagon’s initial requirements and loses in capabilities to Russian Sukhoi Su-35 aircraft.
WASHINGTON (Reuters) - The U.S. Defense Department plans to buy 404 Lockheed Martin Corp F-35 fighter jets over the next five years, a net decrease of 5 to 7 percent from last year's plan, sources familiar with the plans said on Friday. The orders will amount to about $40 billion in new revenue for Lockheed, the Pentagon's No. Show More Summary
Poland should buy 70 US Sikorsky Blackhawk helicopters built by US defense contractor Lockheed Martin to further strengthen its defense ties with the United States, US Senator Chris Murphy said in a press release.
The following is a guest blog post from Don Kinard, Lockheed Martin Fellow posted after NAM President and CEO Jay Timmons attended a systems demonstration, led by Kinard, at Lockheed...
The second Orion Crew module has arrived at the Kennedy Space Center's Operations & Checkout Facility after a flight by Superguppy from the Michoud Assembly Facility in New Orleans. According to primary contractor Lockheed Martin, the...Show More Summary
America’s “most expensive weapons system,” the Lockheed Martin's fifth-generation fighter jet F-35 Lighting II, is set to miss the deadline for its sixth and final software release, referred to as Block 3F, according to the US media sources.
The Pentagon’s next five-year budget proposal seeks over $13 billion in funding for a new submarine to carry nuclear ballistic missiles, plus orders for more Boeing Co and Lockheed Martin Corp fighter jets, according to sources familiar with the plans. The plan also shifts the Navy’s...
America's most expensive weapons system ever just hit another snag. The F-35 Lighting II, Lockheed Martin's fifth-generation fighter jet, is expected to miss a crucial deadline for successfully deploying its sixth and final softwareShow More Summary
The Navy is expected to complete a report on the engine issues that sidelined two littoral combat ships in the span of 30 days, Lockheed Martin's vice president of littoral ship systems said.
Lockheed Martin keeps producing F-35s despite the fact the aircraft’s combat capabilities have yet to be proven. By the time tests will be completed the manufacturer could construct hundreds of new jets that would need costly upgrad...
Dave Majumdar Defense, It’s a signal that the Pentagon and Lockheed Martin are going to be ramping up their sales campaign for the stealthy new jet. The U.S. Marine Corps will be sending its stealthy Lockheed Martin F-35B short takeoff/vertical...Show More Summary
Lockheed Martin (NYSE: LMT) performed solidly in the fourth quarter, soundly beating consensus estimates. About 80% of all the company’s revenues come from defense contracts, and the company has considerable momentum, given its strong market position. The defense contractor also managed to increase its international business to account for 21% of all corporate sales, as […]
On Tuesday, Leidos Holdings Inc. announced it will acquire Bethesda, Md.-based Lockheed Martin Corp’s information systems and government services business in a tax-free deal valued at $5 billion. The division has about $5 billion in sales and more than 16,000 employees globally, IS&GS has been a leading government services provider for more than 20 years.... Read More
Lockheed Martin announced that it is selling off its IT and technical services division to Leidos Holding.
The US Air Force is sending several Lockheed Martin F-35 Lightning II fighter-bombers to give public displays at two major air shows in the United Kingdom.
The digital maintenance and logistics system of the Lockheed Martin F-35 Lightning II Joint Strike Fighter could be vulnerable to cyberattacks, the Pentagon's operational test chief warned last month.
Virginia-based Leidos Holdings Inc. disclosed Tuesday that it will merge with most of the Information Systems & Global Solutions unit ofmilitary contractor Lockheed Martin,fashioning the defense industry's biggest pure-play enterprise...Show More Summary