Tag: Lockheed Martin

 

F-35 delivery pause indicates high Pentagon standards

WASHINGTON — Both the Defense Department and Lockheed Martin had become too relaxed in ensuring deliveries of new F-35s met requirements, but recent pause on F-35 deliveries exemplifies how the department will now hold Lockheed to stricter standards, the Pentagon’s top acquisition official said Friday. On Wednesday,…

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Lockheed Martin Celebrating F-35’s Last Flight Test

Lockheed Martin is celebrating the F-35’s last flight test for the Joint Strike Fighter program’s System Development and Demonstration (SDD) phase. This last flight test marks the beginning of the end of the SDD phase, which started 2001 when Lockheed’s X-35 prototypes triumphed over Boeing’s…

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Lockheed gets edict to cut F-35 support bill

Lockheed Martin Corp. must find ways to reduce the Pentagon’s current $1.1 trillion estimate to own and operate the F-35 jet, the world’s costliest weapons program, according to the Defense Department’s latest annual program overview. According to the document, Lockheed “must embrace much-needed supply chain management…

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Pentagon frustrated over pace of Lockheed Martin negotiations

Pentagon officials are growing frustrated with the pace of negotiations with Lockheed Martin(NYSE:LMT) over the next batch of F-35 joint strike fighters, highlighting the delicate balance between the contractor’s desire to maximize its profit on the fighter and the government’s push to bring down costs as much…

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F-35 Problems Remain, Testers Say

The annual report from the Pentagon’s Director of Operational Test and Evaluation (DOT&E) again contains serious criticism of the F-35 program. Unresolved problems in the development, plus availability and reliability issues, are all of concern. “The operational suitability of the F-35 fleet remains at a…

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Lockheed Defends F-35 After Pentagon Tester’s Criticism

Lockheed Martin Corp. defended the progress of its F-35, the costliest U.S. weapons system, after the head of the Pentagon’s testing office issued a critical report saying efforts to improve the fighter jet’s reliability are “stagnant.” “We are confident in the F-35’s transformational capability that continues…

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Lockheed to make world’s 1st supersonic business jet

Lockheed Martin Corp., the maker of the F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp. to develop the world’s first supersonic business jet. Over the next year, the companies will draw up a plan for all phases of the program such…

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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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