If the F-35 Joint Strike Fighter is going to make low-rate initial production on time, says Lockheed Martin’s Dan Crowley, Congress must approve long-lead LRIP funding for 2006. Discussing the JSF program at the AFA conference Tuesday, Crowley said the Air Force version—the conventional take-off and landing F-35A—is slated to fly late next year. So far, the program is on schedule, making its initial “power on” milestone within the last two weeks.
RTX, parent of Raytheon, Collins and Pratt & Whitney, is getting out of the space prime business and focusing on its "strengths" as a maker of space sensors, buses, and components, company COO Chris Calio said during an earnings call.