Lockheed Martin took a $225 million loss on a secret program being conducted by its aeronautics division, company officials divulged, but the program will go forward and is expected to enter production, Lockheed Martin CEO James D. Taiclet said on a second quarter earnings call ...
The F-16, in service since the 1970s, could be flying with the Air Force into the late 2030s and with foreign air services into the 2070s, based on recently revealed USAF plans and Lockheed Martin's backorder of jets.
The Air Force wants to scale back buys of the F-35 over the next five years, hoping to get sustainment costs down and to wait for the more capable Block 4 version, according to talking points prepared for Chief of Staff Gen. Charles Q. Brown ...
The F-35's program director promised Congress an F-35 sustainment strategy this summer, but said it's unlikely he'll achieve the elusive goal of $25,000 cost per flying hour by 2025. Negotiating three one-year sustainment deals is a "carrot" to get a better deal from Lockheed Martin ...
House Armed Services leaders say they'll move to block adding more F-35s than requested in the fiscal 2022 budget, in hopes of letting the overtaxed sustainment system for the fighter “catch up” to the fleet already in place. Without action on sustainment costs, the Air ...
Sustainment of the F-35 is rapidly becoming the most profitable part of the program, as growing numbers of jets, bases and depots drive a greater demand for parts and services, top Lockheed Martin officials said in an April 20 corporate earnings call. The comments come ...
Lockheed Martin and the Pentagon are negotiating the next three lots of F-35 production, expecting a contract by the end of the fiscal year, the Joint Program Office reported. The negotiating strategy calls for a “base year” contract followed by two options, likely to allow ...
Lockheed Martin Aeronautics division leader Michele A. Evans died Jan. 1, the company announced Jan. 2. Evans went on medical leave Nov. 17 due to an unnamed illness, which the company said was unrelated to COVID-19. Gregory M. Ulmer, Lockheed F-35 VP and program manager, ...
The Hypersonic Air-breathing Weapon Concept (HAWC) missile failed to fly in a planned test launch, due to mechanical errors, not the missile design, sources reported. The problem follows captive-carry test flight issues during the spring and summer, which led to a HAWC prototype being damaged. ...