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Tag Archives: F-35

Lockheed Plans New Johnstown, PA Facility for F-35 Parts Production; Ed Sheehan Comments

TYSONS CORNER, VA, March 27, 2017 — A subsidiary of Lockheed Martin (NYSE: LMT) will lease a 35,000-square-foot facility in Johnstown, Pennsylvania, as part of company plans to expand production of F-35 parts and components, ExecutiveBiz reported Friday. The Tribune-Democrat reported Friday Lockheed’s AeroParts business also aims to deploy more equipment and open at …

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Report: Lockheed Aims to Save $5B on F-35 Program Amid Lot 11 Contract Negotiations

Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday. Julie Johnsson and Anthony Capaccio write Lockheed CEO Marillyn Hewson, also an inductee into …

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Lockheed Martin Eyes Belgium, Spain & Switzerland as Potential F-35 Buyers

TYSONS CORNER, VA, March 7, 2017 — Lockheed Martin (NYSE: LMT) is in talks with Belgium, Spain and Switzerland for the countries’ potential purchase of F-35 fighter aircraft, ExecutiveBiz reported Monday. Defense World reported Friday Jeff Babione, executive vice president and general manager of Lockheed’s F-35 program, told reporters at the Avalon …

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ACT I Names Corey Gomez to Senior Contract Project Manager Post

Corey Gomez, a program manager at Advanced Concepts and Technologies International, has been appointed to serve as a senior contract project manager at ACT I to oversee the company’s multiple Defense Department contracts. ACT I said in a press release that Gomez will continue to offer more than 16 years worth of …

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Lockheed-Built F-35 to Support Future Ops Against Islamic State Group

TYSONS CORNER, VA, March 1, 2017 — Air Combat Command Chief Gen. Hawk Carlisle has said the Lockheed Martin-built (NYSE: LMT) F-35 fighter jet will be deployed within the next few years to support operations against the Islamic State militant group, Executive Gov reported Tuesday. Military.com reported Friday that Carlisle noted the aircraft …

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ACT I Hires William Stranges to Head F-35 Business Financial Mgmt Contract; Michael Niggel Comments

William Stranges, former head of the F-35 Joint Program Office concurrency cost team, has joined Advanced Concepts and Technologies International as program manager for the company’s F-35 contract. ACT I said Stranges will lead its business financial management contract with the F-35 JPO under his new role. “Mr. Stranges has over 30 years …

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Lockheed Gets $1.1B Contract for F-35 Logistics, Sustainment Services to US, Foreign Military Clients

Lockheed Martin (NYSE: LMT) has received a $1.06 billion contract to sustain and provide recurring logistics support for F-35 aircraft of the U.S. Navy, Marine Corps, Air Force, non-Defense Department participants and foreign military sales customers. DoD said Tuesday that Lockheed will conduct sustainment efforts such as ground maintenance, depot activation, automatic logistics information system, …

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Reports: DoD Seals $8.5B Deal With Lockheed for 90 F-35s

The Defense Department and Lockheed Martin (NYSE: LMT) have finalized an $8.5 billion contract for the manufacturer to supply 90 lot 10 F-35s, an order that is $728 million less than the cost of the previous batch of the fighter jets, Reuters reported Friday. Mike Stone writes the latest F-35 deal lowers the price of …

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February 3 Market Close: GovCon Index Higher on L3 & HII Boosts, US Stocks Up After Trump Banking Exec Order

Executive Mosaic’s GovCon Index rose Friday on advances large and middle-tier defense primes as U.S. stocks climbed following the January jobs report and President Donald Trump’s new executive order to reduce regulations on the banking industry implemented after the 2008 crisis. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio as nine …

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Pratt & Whitney Selects Matthew Bromberg to Replace Retiring Military Engines President Bennett Croswell

Matthew Bromberg, a 15-year veteran of United Technologies Corp. (NYSE: UTX) and president of the commercial engines aftermarket business of its Pratt & Whitney subsidiary, has been appointed to serve as president of the subsidiary’s military engines unit by May. Pratt & Whitney said Tuesday that Bromberg will succeed the retiring Bennett Croswell and …

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