Tag: Lockheed Martin

 

Pentagon Taking Control of Cost-cutting in F-35 Program

FORT WORTH — The Pentagon is taking a firmer grip of the F-35 budget-cutting controls in an attempt to trim down costs in the billion-dollar joint strike fighter program. The Pentagon has determined that Lockheed Martin’s internal cost-cutting program — the Blueprint for Affordability —…

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Lockheed Martin given $3.7 billion towards 50 F-35s

Lockheed Martin Corp was awarded a $3.7 billion interim payment for fifty F-35 jet fighters that are earmarked for non-U.S. customers, the Pentagon said on Friday. Lockheed and its partners have been producing the jets under a placeholder agreement known as an “undefinitized contract action.”…

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F-35 software development to finish by end of 2017

The F-35 Lightning II is nearing completion of its Systems Development and Demonstration phase as the airframe passes 100,000 hours in flight time. The F-35 Lightning II is nearing completion of its Systems Development and Demonstration phase as the airframe passes 100,000 hours in flight time, Lockheed…

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