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Tag Archives: F-35

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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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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Lockheed Martin’s Michele Evans Appointed Deputy EVP for Aeronautics BU; Orlando Carvalho Comments

Bethesda, Md.-based firm Lockheed Martin (NYSE: LMT) has promoted Michele Evans, an executive at its rotary and mission systems unit, to serve as the company’s deputy executive vice president for the aeronautics division starting June 4. The aerospace and defense company said Monday Evans will oversee several initiatives such as the …

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Lockheed Martin Continues F-35 Deliveries After DoD Repair Cost Agreement

TYSONS CORNER, VA, May 9, 2018 — Lockheed Martin (NYSE: LMT) has reached an agreement with the Defense Department on matters related to the cost of F-35 repairs and has resumed deliveries of the aircraft to the military, ExecutiveBiz reported Tuesday. Reuters reported Tuesday that the F-35 Joint Program Office indicated the …

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Lockheed Martin Unveils New Florida Facility for F-35 Parts Production

TYSONS CORNER, VA, May 2, 2018 — Lockheed Martin (NYSE: LMT) has unveiled a new facility in Pinellas Park, Florida, that will house production of canopies and bulkheads for F-35 fighter aircraft, ExecutiveBiz reported Tuesday. The company said Monday the facility adds 65,500 square feet of manufacturing and office space …

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Lockheed-Led Team Lands $1.4B F-35 Sustainment Support Contract

A Lockheed Martin-led (NYSE: LMT) industry team has received a potential $1.4 billion contract to provide sustainment support for F-35 fighter jets worldwide. The contract awarded by the F-35 joint program office also covers Automatic Logistics Information System support, predictive health management and data analytics; supply chain logistics; air system maintenance; …

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Lockheed Plans F-35/F-22 Hybrid as Proposed Stealth Fighter to Japan

TYSONS CORNER, VA, April 23, 2018 — Lockheed Martin (NYSE: LMT) is eyeing a hybrid of its F-35 Lightning II and F-22 Raptor fighter jets as its offer to Japan for the country’s potential $40 billion stealth fighter aircraft procurement program, ExecutiveBiz reported Friday. Reuters reported Friday Lockheed had initial discussions with Japanese defense …

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Raytheon, Navy Test JSOW C Missile on Lockheed’s F-35C Fighter Jet

TYSONS CORNER, VA, April 19, 2018 — Raytheon (NYSE: RTN) has completed developmental tests on the Joint Standoff Weapon C warhead in collaboration with the U.S. Navy and F-35 fighter aircraft manufacturer Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Wednesday. The test looked at the integration of JSOW C, an air-to-ground missile with …

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Lockheed Secures $211M Navy Contract for F-35 Common System Pre-Modernization Efforts

Lockheed Martin (NYSE: LMT) has secured a $211.3 million contract from the U.S. Navy to conduct pre-modernization work on F-35 Block 4.1 common systems. Efforts under the contract will be part of the F-35 preliminary design review for the U.S. Air Force and international partners, the Defense Department said Monday. The Naval Air …

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Lockheed Awarded $482M to Deliver Initial Air Vehicle Spares to F-35 Customers

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a four-year, $481.9 million delivery order from the Naval Air Systems Command for F-35 initial air vehicle spares. The U.S. Navy, U.S. Air Force and U.S. Marine Corps, non-Defense Department participants and foreign military sales customers will receive the spares, DoD said Thursday. Forty percent of purchases are …

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