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Tag Archives: F-35

Lockheed Receives $302M F-35 Ancillary Mission Equipment Delivery Order

The Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $302 million delivery order to obtain ancillary mission equipment for the 12th F-35 aircraft batch. The Defense Department said Friday the company will use the funds to procure low-rate initial production lot 12 aircraft equipment for the U.S. Navy, Air Force, Marine Corps, non-DoD participants and foreign …

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Lockheed Receives $172M Lot 11 F-35 Contract Modification

Lockheed Martin (NYSE: LMT) has received a $171.7 million U.S. Navy contract modification for the low-rate initial production of lot 11 F-35 aircraft. The award covers diminishing manufacturing sources redesign efforts for the air system and work will occur through January 2024 in Fort Worth, Texas, the Defense Department said Tuesday. DoD …

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Northrop Reports 10% Rise in Q2 2018 Sales; Wes Bush Comments

Northrop Grumman (NYSE: NOC) posted $7.1 billion in sales for the second quarter of fiscal 2018, up 10 percent from the same period last year. The company said Monday it recorded $689 million in Q2 net earnings, showing a 24 percent increase from the prior year period, and saw its backlog …

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Cubic Exhibits Training Systems at Farnborough Airshow; Dave Buss Comments

TYSONS CORNER, VA, July 19, 2018 — Cubic’s (NYSE: CUB) global defense division is showcasing its air combat and live, virtual and constructive training technologies at the 2018 Farnborough International Airshow that runs through July 22 in the U.K., ExecutiveBiz reported July 12. The company said July 12 the systems it …

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Raytheon, Air Force Plan Operational Tests on StormBreaker Bomb in Summer

TYSONS CORNER, VA, July 17, 2018 — Raytheon (NYSE: RTN) and the U.S. Air Force will move forward to the operational testing phase in summer on the second increment of the Small Diameter Bomb after concluding operational test readiness assessment earlier this year, ExecutiveBiz reported Monday. The company said Monday the StormBreaker …

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Reports: Lockheed, DoD Reach ‘Handshake’ Deal for Lot 11 F-35s

Lockheed Martin (NYSE: LMT) and the Defense Department have reached a “handshake agreement” for the company to produce 141 F-35 fighter aircraft for the U.S. and foreign partners, Defense News reported Sunday. Ellen Lord, defense undersecretary for acquisition and sustainment, said in a statement the joint program office and Lockheed are …

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Northrop Begins Full-Rate Production of F-35 Center Fuselage

TYSONS CORNER, VA, July 3, 2018 — Northrop Grumman (NYSE: NOC) has moved to the full-rate production of the center fuselage of the F-35 fighter aircraft built by Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Monday. Northrop said Friday it will manufacture the fuselage at a rate of one per day …

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Lockheed Receives $503M F-35 Spares Delivery Order Modification

Lockheed Martin (NYSE: LMT) has received a $503.2 million delivery order modification to provide F-35 air vehicle spares to the U.S. Navy, Air Force, Marine Corps and non-Defense Department participants. DoD said Friday the modification covers deployment and afloat spares packages and associated consumables needed to meet the delivery schedules for the aircraft. …

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Lockheed Picks Raytheon to Deliver New Sensor for Future F-35 Jets

TYSONS CORNER, VA, June 15, 2018 — Lockheed Martin (NYSE: LMT) has selected Raytheon (NYSE: RTN) to supply the updated Distributed Aperture System sensor technology for future F-35 fighter aircraft, ExecutiveBiz reported Thursday. DAS, which utilizes infrared cameras that work to provide imagery to pilots for increased battlespace situational awareness, will be …

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Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract

Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps. The modification allocates $74.7 million for long-lead time materials, parts, components and support …

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