Lockheed Reports 9% Revenue Spike in 4Q With F-35, Int’l Sales Growth

lockheed martin
Lockheed Martin (NYSE: LMT) has announced financial results for its fourth quarter and full 2014 fiscal year ended Dec. 31, 2014. Revenue for the fourth quarter increased 8.6 percent year-over-year and the company reported a modest revenue gain of two-thirds a percent for the full fiscal year. The company attributed the increase for the quarter partly to a $260 million growth in sales of the F-35...

Turkey to Order Lockheed-Built F-35s, Boeing Chinook Helicopters

F-35
Turkey plans to purchase additional four Lockheed Martin (NYSE: LMT)-built F-35s through a foreign military sale agreement with the U.S. government, Daily Sabah reported Thursday. Prime Minister Ahmet Davutoglu said Turkey also wants to procure 100 F-35 fighters through 2030 as part of efforts to modernize the Turkish air force. The government has already placed an order for two F-35 fighters, Davutoglu...

Report: Israel to Place 2nd Lockheed F-35 Order

F-35
Israel will order 25 Lockheed Martin (NYSE: LMT) F-35A fighters in addition to the 19 jets the nation committed to buy in 2010 from the U.S. government, Defense News reported Wednesday. Aaron Mehta writes the government of Israel ordered a first set of Lockheed-built conventional takeoff and landing fighters four years ago through the Defense Department‘s foreign military sales program. Israel...

Report: DoD, Lockheed Forge $4B Deal on 8th F-35 Production Batch

F-35
Lockheed Martin (NYSE: LMT) and the U.S. Defense Department have struck a $4 billion agreement for the company to build 43 additional F-35 jets, Reuters reported Thursday. Andrea Shalal writes the agreement for the F-35 program’s eighth batch seeks to lower the fighter’s cost by as much as 3 percent and to provide F-35s for U.S. partner nations. Twenty-seven planes would go to the U.S....

Orlando Carvalho: Lockheed, DoD Close to Finalizing F-35 Batch 8 Deal

Orlando Carvalho
Orlando Carvalho Lockheed Martin (NYSE: LMT) and the Defense Department could settle on their negotiations for the eight batch of F-35 fighters in the coming days or weeks, Reuters reported Wednesday. Andrea Shalal writes the contract is worth an estimated more than $4 billion for the company to manufacture 43 F-35s. “We are in the endgame of the negotiation,” Orlando Carvalho, executive...

Report: Boeing, Lockheed Seen as Frontrunners for Canadian Fighter Contract

F-35
The government of Canada might choose between Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) to supply the nation with fighter jets, Reuters reported Thursday. Reuters reports that Boeing’s F-18 Super Hornet and Lockheed’s F-35 have been deemed as suitable platforms to meet the requirements set forth by the Canadian military. Canadian officials are considering whether to hold an industry...

South Korea to Partner with Lockheed on Fighter Jet Development

lockheed martin
South Korea is planning to buy Lockheed Martin (NYSE: LMT)-built F-35 fighters for nearly $7.1 billion, Reuters reported Friday. Joyce Lee writes the acquisition proposal for 40 F-35 jets is set to complete in the third quarter of 2014. South Korea’s Joint Chiefs of Staff are also pushing for an estimated $8.24 billion program to develop twin-engine fighter jets, Reuters reports. Korea Aerospace...

Chris Bogdan: F-35 Industry Partners to Make ‘Upfront Investment’ Under Cost Reduction Deal

F35
Lockheed Martin (NYSE: LMT) and its two primary industry partners in the F-35 program have signed an agreement with the Defense Department to develop strategies aimed at reducing F-35’s production costs. The Blueprint for Affordability deal aims to bring the “fifth-generation” fighter aircraft program at a “fourth-generation” price point by the end of the decade, Lockheed...

Lockheed Expecting New USAF Contract for F-35 Jets; Orlando Carvalho Comments

F35
Lockheed Martin (NYSE: LMT) is set to secure a deal to provide the U.S. government with 43 additional F-35 fighter aircraft, but with less price reductions compared to previous orders, Reuters reported Monday. Andrea Shalal reports a U.S. Air Force contract with Lockheed is expected before the end of June, according to Orlando Carvalho, the company’s aeronautics division executive vice president. Carvalho...

Reuters: Canada Close to Lockheed F-35 Purchase Decision

F-35
Canadian officials will soon decide on whether to go ahead with its $8.22 billion order of F-35 fighter jets to replace its aging fleet of CF-18s, Reuters reported Thursday. Andrea Shalal writes authorities revisited the initial decision to purchase 65 of the jets from Lockheed Martin (NYSE: LMT) following calls from different quarters for an independent review of the sole-sourcing process. According...