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Tag Archives: F-35

Chris Bogdan: F-35 Industry Partners to Make ‘Upfront Investment’ Under Cost Reduction Deal

Lockheed Martin (NYSE: LMT) and its two primary industry partners in the F-35 program have signed an agreement with the Defense Department to develop strategies aimed at reducing F-35’s production costs. The Blueprint for Affordability deal aims to bring the “fifth-generation” fighter aircraft program at a “fourth-generation” price point by the end …

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Lockheed Expecting New USAF Contract for F-35 Jets; Orlando Carvalho Comments

Lockheed Martin (NYSE: LMT) is set to secure a deal to provide the U.S. government with 43 additional F-35 fighter aircraft, but with less price reductions compared to previous orders, Reuters reported Monday. Andrea Shalal reports a U.S. Air Force contract with Lockheed is expected before the end of June, according …

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Reuters: Canada Close to Lockheed F-35 Purchase Decision

Canadian officials will soon decide on whether to go ahead with its $8.22 billion order of F-35 fighter jets to replace its aging fleet of CF-18s, Reuters reported Thursday. Andrea Shalal writes authorities revisited the initial decision to purchase 65 of the jets from Lockheed Martin (NYSE: LMT) following calls from …

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State Dept OKs $534M Raytheon-Built Sidewinder Missile Sale to Australia

The State Department has approved a potential million foreign military sale of Raytheon-built (NYSE: RTN) Sidewinder missiles and related equipment to Australia. Australia plans to install the missiles on its fleets of F/A-18 and F-35 fighter jets and also intends to bolster its ability to partner with coalition forces in …

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Australia to Buy 58 Lockheed F-35 Jets for $12B

Australia will purchase 58 Lockheed Martin (NYSE: LMT) F-35 fighter jets for nearly $11.64 billion in addition to the 14 planes the country ordered in 2009, Reuters reported Wednesday. Matt Siegal and Andrea Shalal report that Australia intends to give its air force enough jets to create three operational squadrons …

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Lockheed Awarded $700M for US, Int’l F-35 Parts

Lockheed Martin (NYSE: LMT) has been awarded a $698, 032, 385 U.S. Navy contract to gather parts, materials and components for 57 F-35 fighter jets that are being acquired by the U.S. and five international partners. The fixed-price-incentive, firm target, advanced acquisition contract covers work on low rate initial production lot …

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Orlando Carvalho: South Korea, US Could Ink Finalized F-35 Agreement This Year

South Korea has decided to acquire Lockheed Martin-built (NYSE: LMT) F-35 fighter jets through a foreign military sales process with the U.S. The South Korean government evaluated and selected the F-35 Lightning II aircraft under that country’s F-X fighter acquisition program, Lockheed said Monday. Orlando Carvalho, Lockheed executive vice president …

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Report: Mitsubishi Heavy, BAE Discuss F-35 Parts Deal

Japan-based Mitsubishi Heavy Industries is negotiating with BAE Systems the terms of a potential contract, where Mitsubishi Heavy would supply components for Lockheed Martin‘s (NYSE: LMT) F-35 aircraft, Reuters reported Monday. Tim Kelly writes the progress of that agreement depends on the decision of Japan’s government on whether to subsidize production of parts for …

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Report: South Korea to Purchase 40 Lockheed F-35 Jets

South Korea plans to purchase 40 Lockheed Martin (NYSE: LMT) F-35 fighter jets under a deal that will go before committee led by the country’s defense minister for final approval, Reuters reported Friday. Ju-Min Park and Joyce Lee write the decision comes nearly three months after South Korea chose to re-examine its …

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