Lockheed completes acquisition of General Dynamics Fort Worth Division. The $1.5 billion purchase gives Lockheed control of the F-16 fighter line and increases the corporation’s share of the F-22 program to 67.5 percent.
Secretary of Defense Austin Lloyd III met with his counterparts from Australia, Japan and the Philippines to discuss bolstering defense ties on May 2. The discussion included plans for joint F-35 exercises with Japan and Australia in the coming years.