Tag Archives: F-35

Lockheed Martin (NYSE: LMT) has received a three-year, $90.3M contract modification from the U.S. Navy to identify and implement measures to reduce the cost of the F-35 air system. The company will aim to complete the cost reduction efforts by June 2022, the Department of Defense said Tuesday. The Navy, Air Force and …

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its fiscal 2018 sales rise 8 percent to $53.8B and the increase was primarily driven by revenue growth in the Bethesda, Md.-based company’s aeronautics and missiles and fire control segments. Jim McAleese, founder and principal of McAleese & …

General Dynamics‘ (NYSE: GD) information technology business has received a potential $155.6M task order from the U.S. Navy’s Naval Air Warfare Center Aircraft Division to support a virtual enterprise network for the F-35 Joint Program Office. The company said Thursday it will provide IT, information assurance and cybersecurity services under the task order with …

Consulting firm McAleese & Associates has issued a report on the U.S. Air Force’s priorities for 2020 discussed by USAF Undersecretary Matthew Donovan at an Air Force Association event. Donovan said Friday at the AFA event that readiness remains the Air Force’s top priority and that the service plans to increase …

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a five-year, $542.2M contract to provide F-35 ancillary mission equipment and associated initial spares to U.S. and international military customers. The Department of Defense said Tuesday the company will initially receive $437.3M in U.S. Air Force, Navy and Marine Corps aircraft procurement, non-U.S. DoD participant and foreign …

Raytheon (NYSE: RTN) has received a potential $434.4M contract modification to produce and deliver lot 18 AIM-9X Sidewinder Block II missiles for the U.S. Navy, U.S. Air Force and seven foreign military sales clients. The modification covers the production of AIM-9X Block II all-up round tactical missiles, captive and special air training …

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $712.4M delivery order from the U.S. Navy to design and develop hardware for the F-35 Technology Refresh 3 system. The company will support flightworthy certification, production readiness review and fleet release of the system for use in lot 15 fighter jets, the Department …

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a one-year, $399.8M contract modification from Naval Air Systems Command to provide sustainment services for the F-35 aircraft propulsion technology. Pratt & Whitney’s military engines division will continue to sustain F135 propulsion systems for the U.S. Navy, U.S. Marine Corps, U.S. Air Force,non-Defense …

Lockheed Martin (NYSE: LMT) has secured a potential $348.9M contract to provide infrastructure for F-35 developmental laboratories and flight tests. The infrastructure will support the fighter aircraft program’s development, production and sustainment efforts, the Defense Department said Thursday. DoD noted the cost-plus-incentive-fee contract combines purchases from the Navy, U.S. Marine Corps, U.S. Air Force …

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $22.71B contract modification to build and deliver 255 lot 12 F-35 aircraft to domestic and international military clients. The U.S. Navy awarded the modification for the company to manufacture 106 F-35 units for the U.S. military; 89 units for non-Defense Department users; …