Hello, Guest!
  • Tuesday, April 16, 2024

Boeing, Lockheed Form Air Force Bomber Program Team; Dennis Muilenburg, Orlando Carvalho Comment

lockheed martinBoeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) have partnered to develop a new bomber for the U.S. Air Force.

Boeing will serve as prime contractor and Lockheed as primary teammate to design, integrate and test manned and unmanned weapon systems for the Air Force’s Long-Range Strike Bomber program, Lockheed said Friday.

Orlando Carvalho, executive vice president of Lockheed Martin Aeronautics, said the team aims to help the Air Force fulfill system requirement. Boeing Logo w-border

Dennis Muilenburg, president and CEO of Boeing’s defense, space and security segment, added the companies intend to consolidate existing technologies for that program.

The companies partnered on the Air Force’s F-22 Raptor program.

Video of the Day

Related Articles

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start Financial Reports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start

Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from their slump.