Tag Archives: F-35

The Senate on Tuesday proposed a $1.4T spending package that includes $696B in defense appropriations for fiscal year 2021, Defense News reports. Senators must reconcile the upper chamber's 12-bill package with the House, which passed in July a $694.6B defense spending bill for FY 2021 as part of a $1.3T package, and reach a deal before a continuing resolution expires on Dec. 11 to avoid a government shutdown.

The State Department has submitted notification to Congress stating the former’s intent to approve the United Arab Emirates’ $23.4B request for F-35 Lightning II fighter jets, MQ-9B Reaper unmanned aerial systems and associated munitions.

The Department of Defense issued Friday details on acquisition program cost changes for the December 2019 reporting period and said that its acquisition cost estimate for 86 programs covered by Selected Acquisition Reports for the period was $2.02T.

Michele Evans, executive vice president of Lockheed Martin’s Aeronautics business, was presented her first Wash100 Award for advancing aircraft technological capabilities and forming strategic partnerships. In particular, her efforts to drive production and aeronautics technology throughout 2019 for Lockheed Martin have earned Evans her first Wash100 Award, the most prestigious and coveted award in all of government contracting (GovCon). 

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

Advanced Micro Devices (Nasdaq: AMD) has agreed to acquire Xilinx (Nasdaq: XLNX) in an all-stock deal worth approximately $35B as part of AMD’s efforts to expand its data center business and portfolio of technology products. The boards of directors of the two companies unanimously cleared the transaction, which is expected to be completed by the end of calendar year 2021.

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $138.8M contract modification to further develop a pilot training software to help align the F-35 fighter jet's aviation system with ongoing development efforts.

The State Department has approved the Finnish government’s $27.2B in procurement requests for F/A-18E/F Super Hornet, EA-18G Growler and F-35 aircraft to help increase self-defense readiness.

The State Department has cleared Switzerland’s request to buy F-35 fighter jets, F/A-18E/F Super Hornet aircraft and Patriot Configuration-3+ modernized fire units under three foreign military sales agreements worth approximately $16.23B combined.

Lockheed Martin (NYSE: LMT) has been awarded a $709.8M contract modification by Naval Air Systems Command to obtain materials needed for the low-rate initial production of additional F-35 jets for U.S. and foreign military sales customers. The modification funds material purchases for lot 15 through lot 17 aircraft of the U.S. Air Force, Navy and Marine Corps as well as FMS and non-Department of Defense participants, DoD said Monday.