The settlement covers refund for Lockheed’s fighter aircraft parts deliveries between 2015 and early 2020 that were deemed inadequate for installation due to a lack of electronic data the Department of Defense needs to monitor the service of life of jet components.
Brett Ashworth, a spokesman for Lockheed, told Bloomberg the company remains “focused on increasing F-35 readiness while driving down sustainment costs.”
The fiscal 2021 National Defense Authorization Act mandates that DOD include details of the accord in the department’s next budget request, the report noted.
SentinelOne, a company specializing in artificial intelligence security, has promoted Barry Padgett to president and chief operating officer. The appointment takes effect…
Anduril Industries and Palantir Technologies are helping develop software for the potential $185 billion Golden Dome next-generation missile defense shield,…
Former CACI International executive Jeffrey Keen has been named senior vice president of federal civilian programs at defense and national security company Xcelerate Solutions.…
