Tag Archives: F-35

Senate Introduces $696B FY 2021 Defense Bill Under $1.4T Spending Package

US Capitol

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.

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Michele Evans Receives First Wash100 Award for Aeronautics Tech, Forming Partnerships

Michele Evans, EVP of Aeronautics Lockheed Martin, Receives First Wash100 Award

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). 

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State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

F-35 Lightning II

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.

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Advanced Micro Devices to Buy Xilinx in $35B All-Stock Deal

AMD

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.

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Switzerland Gets State Dept OK for $16.2B in F-35, Super Hornet, Patriot Procurement Requests

F-35 Lightning II

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.

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Lockheed Gets $710M Contract Modification for F-35 Production Materials

F-35

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.

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