Tag Archives: fighter jet

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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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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Lockheed Announces Alternate Work Schedule for F-35 Production Staff; Michele Evans Quoted

Michele Evans

Lockheed Martin (NYSE: LMT) has agreed with the International Association of Machinists and Aerospace Workers to implement an alternate work schedule to continue to staff the F-35 production line in Fort Worth, Texas, in response to supplier delays due to the coronavirus pandemic.

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BGOV: Lockheed F-16, Raytheon Missile Tech In Demand Among Fiscal 2019 FMS Clients

The Raytheon-built (NYSE: RTN) AIM-120C-7 medium air-to-air missile and the F-16 fighter jet from Lockheed Martin (NYSE: LMT) were the most popular weapon systems the U.S. sold to allies in fiscal year 2019 through the foreign military sales program, Bloomberg Government reported Wednesday.

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