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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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Fluor Repairs 4 Priority Lines Under USACE-FEMA Power Restoration Effort in Puerto Rico

TYSONS CORNER, VA, Dec. 29, 2017 — Fluor (NYSE: FLR) has completed repairs on priority power lines near San Juan and Caguas in Puerto Rico as part of its task under a potential $240 million power restoration project with the U.S. Army Corps of Engineers, ExecutiveBiz reported Thursday. The company …

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Air Force’s Lockheed-Built F-35As Slated to Resume Flights by End of 2016

TYSONS CORNER, VA, Oct. 18, 2016 — The F-35 fighter jets built by Lockheed Martin (NYSE: LMT) for the U.S. Air Force are scheduled to complete repairs to their fuel pipes and resume operations by the end of the year, ExecutiveBiz reported Monday. Breaking Defense reported Friday the F-35 Joint Program Office has …

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Lockheed Martin Expands F-16 Supply Chain Services With Derco Repair Services

TYSONS CORNER, VA, Sept. 19, 2016 — Lockheed Martin (NYSE: LMT) has moved to expand its global supply chain services for F-16 operators with the designation of Derco Repair Services as a certified F-16 repair center under Lockheed’s Hologram program, ExecutiveBiz reported Thursday. Lockheed said Wednesday the Derco Aerospace affiliate has an 80, 000-square-foot component …

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Sikorsky Lands $191M Navy Contract for Chopper Assembly Repairs

Sikorsky Aircraft will provide repair coverage for six CH-53 and MH-53 weapons replaceable assemblies under a $191.5 million firm-fixed-price, sole-source contract from the U.S. Navy. The Defense Department said Friday the company will perform work in Connecticut through December 2017. The Naval Supply Systems Command‘s weapon systems support division is the contracting activity, DoD added. …

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Boeing to Repair Minuteman III Guidance Set for $466M

Boeing (NYSE: BA) has received a $466.5 million contract from the U.S. Air Force to repair the guidance system of the Minuteman III intercontinental ballistic missile. The Defense Department said Wednesday Boeing will perform missile guidance repairs at a facility in Newark, Ohio, through June 2, 2021. DoD has initially obligated $22.7 million from …

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Joe North: Lockheed to Extend MK 41 Launch System Production for Navy

Lockheed Martin (NYSE: LMT) will continue to produce MK 41 Vertical Launch Systems and provide spare parts management services to the U.S. Navy through 2022 under a potential $356 million contract. The company said Monday the contract covers VLS launch control units and mechanical structure as well as final assembly, test and repair services, which the company will …

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