Topic: Lockheed Martin Corporation

Lockheed in $4 billion U.S. F-35 fighter deal

WASHINGTON (Reuters) - Lockheed Martin Corp is being awarded a $4 billion fixed-price U.S. Navy contract for 30 F-35 Joint Strike Fighter aircraft, the fifth batch of low-rate initial production, the Defense Department said on Friday.The deal would provide 21 conventional models ...

Exclusive: U.S. defense firms blast Pentagon on contract changes

WASHINGTON (Reuters) - Over 100 U.S. aerospace and defense industry executives are urging Defense Secretary Leon Panetta to hold off on proposed changes to Pentagon contracts with industry, warning they would dampen competition, raise costs and lead to further layoffs at a ...

Pentagon, Lockheed move forward on F-35 contract

WASHINGTON (Reuters) - The Pentagon on Monday said it had reached a tentative agreement with Lockheed Martin Corp on key aspects of a new contract for F-35 fighter jets, allowing Lockheed to start building a fifth batch of planes and billing the ...

Pentagon F-35 chief calls for slower production

WASHINGTON (Reuters) - The Navy admiral who runs the Pentagon's biggest weapons program is calling for slower production of the radar-evading F-35 Joint Strike Fighter built by Lockheed Martin Corp until a surprising number of problems with the airframe can be fixed.The ...

US Air Force wants to ink next F-35 deal in spring

WASHINGTON (Reuters) - The U.S. Air Force plans to wrap up a detailed agreement for a fifth batch of F-35 fighter jets with manufacturer Lockheed Martin Corp next spring, a senior service official told lawmakers on Wednesday.Major General Jay Lindell, director of ...

Pentagon concludes "should cost" review of F-35

WASHINGTON (Reuters) - The Defense Department on Monday said it had finished an initial review of what the next batch of F-35 fighter jets should cost, and would brief the manufacturer, Lockheed Martin Corp, shortly.Completion of the so-called "should cost" review will ...

Lockheed airs gripes with Pentagon contract demands

WASHINGTON/ATLANTA (Reuters) - After months of grumbling behind the scenes, U.S. arms makers are now publicly criticizing Pentagon plans to change the way it buys weapons and make industry shoulder more of the risks of development.No. 1 U.S. defense contractor Lockheed Martin ...

Lockheed, Pentagon at odds over F-35 costs: sources

WASHINGTON (Reuters) - Lockheed Martin Corp is pushing back against Pentagon efforts to make the company pay for problems that arise with the F-35 fighter jet during testing as a way to lower costs of major weapons programs, according to sources familiar ...

Senate panel backs freeze on Pentagon base budget

WASHINGTON (Reuters) - A Senate panel on Tuesday approved defense spending of about $630 billion for the 2012 fiscal year, freezing the Pentagon's base budget at $513 billion for a second straight year while seeking nearly $118 billion for U.S. wars abroad.The ...

Lockheed's cyber cops sift through hacker evidence

WASHINGTON (Reuters) - Last week's attack on Lockheed Martin Corp's computer networks has galvanized dozens of cyber "detectives" at the company's cavernous security intelligence center outside Washington.The U.S. government and Lockheed, the world's biggest military contractor and the Pentagon's No. 1 supplier, ...
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