Tag: Pentagon

 

Pentagon Grounds F-35 Fleet Following Crash

The Pentagon grounded its fleet of F-35 strike fighter jets on Thursday, weeks after one crashed in South Carolina in another setback for the advanced aircraft that has long been mired in mechanical problems. The decision to halt F-35 flights stems from what the military…

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F-35 Wins Pentagon Approval for Combat Testing

Pentagon weapons buyer Ellen Lord has approved plans to begin full combat testing of Lockheed Martin Corp.’s F-35, a major step toward full production of the fighter jet planned for next year. Lord, the under secretary for acquisition, “certified readiness to enter operational testing after concurring”…

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Lockheed Martin: Biggest-Ever F-35 Production Deal

The Pentagon and Lockheed Martin (LMT) tentatively agreed on the largest F-35 production contract to date, delivering a $13 billion boost to the defense contractor. The “handshake deal” reached on Sunday was for the 11th F-35 production lot, which includes 141 of the fifth-generation fighters. That’s up…

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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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$10.7B Set Aside in US Budget to buy F-35s

The U.S. Department of Defense plans to ask Congress for 77 F-35 aircraft made by aerospace giant Lockheed Martin Corp., the DoD said Monday. The order, part of the $686 billion President Trump allocated to the DoD in his fiscal year 2019 budget request, comes with a…

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