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Keyword: lockheed

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  • Exclusive: Pentagon Stops Accepting Lockheed F-35 Jets Over Repair Cost Dispute

    04/12/2018 6:16:11 AM PDT · by BBell · 9 replies
    http://www.oann.com/ ^ | 4/11/18 | Mike Stone
    WASHINGTON (Reuters) – The U.S. Department of Defense has stopped accepting most deliveries of F-35 jets from Lockheed Martin Corp because of a dispute over who will cover costs for fixing a production error, three people familiar with the matter said. Lockheed confirmed on Wednesday that the Pentagon had halted deliveries of the jet over a contractual issue, but did not give further details. Last year, the Pentagon stopped accepting F-35s for 30 days after discovering corrosion where panels were fastened to the airframe, an issue that affected more than 200 of the stealthy jets. Once a fix had been...
  • Silence, Please: Lockheed Aims to Build a Quieter Supersonic Airplane

    04/05/2018 2:39:00 PM PDT · by BenLurkin · 25 replies
    Lockheed will build the airplane at its Palmdale, California Skunk Works facility, which is well known for building risky and high-technology airplanes. Lockheed was previously awarded a design contract, and were the only bidders for the $247.5m construction award. The company expects to reach Critical Design Review—after which the design is fixed and construction begins—in September 2019, with first flights anticipated in 2021. The first year or two will be devoted to baseline testing: Proving the new airplane can fly, carefully measuring its subsonic noise, and comparing it to a NASA F/A-18’s noise levels. Starting in 2022, the demonstrator will...
  • Germany favors Eurofighter as it seeks to replace Tornado

    12/11/2017 8:14:46 PM PST · by sukhoi-30mki · 15 replies
    Reuters ^ | December 12, 2017 | Sabine Siebold
    BERLIN (Reuters) - The German Defence Ministry said on Monday that the European fighter jet was the leading candidate to replace its Tornado jets, which it wants to start phasing out in 2025. The ministry’s position appears to contradict that of the German air force, whose chief indicated last month that he preferred Lockheed Martin’s F-35, which meets the military’s requirements of stealth and long-distance operational capabilities. In a letter to a Greens lawmaker who had inquired about the deliberations, the ministry said the F-35 and Boeing’s F-15 and F-18 fighters were secondary options. “The indicated view of the inspector...
  • Lockheed Martin Elects Jeh Johnson and James Taiclet to Board of Directors

    12/11/2017 4:35:05 PM PST · by Elderberry · 54 replies
    Yahoo Finance ^ | 12/11/2017
    Lockheed Martin (LMT) announced today that its board of directors has elected Jeh C. Johnson and James D. Taiclet, Jr. to the board effective January 1, 2018. Johnson, 60, is a partner at the international law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. Previously, he served as U.S. secretary of homeland security as part of an exemplary career of public service. He also served as general counsel of the U.S. Department of Defense and the U.S. Department of the Air Force. He's currently a director of PG&E Corporation (PCG). Taiclet, 57, is chairman, president and chief executive officer...
  • Fighter jets with laser weapons set to take to the skies in 2021 as Lockheed Martin wins...

    11/06/2017 8:07:31 PM PST · by BenLurkin · 21 replies
    Daily Mail ^ | Cheyenne Macdonald
    Under a $26.3 million contract from the Air Force Research Lab, the firm will design and produce a directed energy system for aircraft, with plans to test the technology by 2021. The move comes after a series of successful tests with similar systems in ground-based platforms – but, the experts say developing a laser for a smaller, airborne design will be a challenge. This program includes three subsystems, addressing beam control to direct a laser to the target, a pod mounted on the jet to cool the laser, and the laser itself. The new laser system would allow fighter jets...
  • Lockheed Unveils Plans for Orbiting Mars Base Camp and Lander Within 10 Years

    09/29/2017 3:57:54 AM PDT · by LibWhacker · 12 replies
    AmericaSpace ^ | 9/28/17 | Mike Killian
    Lockheed Unveils Plans for Orbiting Mars Base Camp and Lander Within 10 Years By Mike Killian Mars Base Camp is Lockheed Martin’s vision for sending humans to Mars in about a decade. The Mars surface lander called the Mars Accent Descent Vehicle (MADV) is a single-stage system that uses Orion systems as the command deck. It could allow astronauts to explore the surface for two weeks at a time before returning back to the Mars Base Camp in orbit around Mars. Credits: Lockheed Martin Speaking at the International Astronautical Congress (IAC) in Adelaide, Australia, officials with Lockheed Martin today revealed...
  • White House approves Greenville production of 19 F-16 fighter jets (SC)

    09/13/2017 9:35:52 AM PDT · by buckalfa · 7 replies
    Upstate Business Journal ^ | September 12, 2017 | Rudolph Bell
    Lockheed Martin Corp. is a step closer to making at least 19 of its F-16 fighter jets in Greenville now that the White House has formally approved the sale of the jets to Bahrain. The U.S. Defense Security Cooperation Agency announced Sept. 8 that it had given Congress formal notification of the proposed $2.78 billion deal. Under the federal government’s process for selling arms to foreign governments, the Trump administration will be able to proceed with the sale unless Congress objects within 30 days. While Congress has the power to block a proposed arms sale to a foreign government, it...
  • First images from Lockheed's experimental, telescope-shrinking SPIDER

    08/05/2017 2:08:20 AM PDT · by LibWhacker · 31 replies
    New Atlas ^ | 8/3/17 | David Szondy
    First images from Lockheed's experimental, telescope-shrinking SPIDER David Szondy August 3, 2017 Cross cut view of a SPIDER array (Credit: Lockheed Martin) View gallery - 3 images If asked to think of a telescope, most people will picture a long tube with a lens at either end. But a new experimental optical instrument developed by Lockheed Martin could usher in ultra-thin devices that weigh 90 percent less than typical telescopes while providing equivalent resolution. The first images captured by the Segmented Planar Imaging Detector for Electro-Optical Reconnaissance (SPIDER) have now been revealed. Lockheed Martin today released the first images from...
  • Lockheed Martin will be hiring ‘on the spot’ Tuesday for F-35 jobs (Texas)

    07/16/2017 1:59:04 AM PDT · by 2ndDivisionVet · 14 replies
    The Fort Worth Star-Telegram ^ | July 13, 2017 | Max B. Baker
    FORT WORTH — Lockheed Martin will be interviewing at least 2,000 people for jobs next week — with some people being offered employment “on the spot” — as part of the buildup of F-35 production at its Fort Worth plant. Lockheed already has cleared about 1,900 applicants who pre-registered through social media for interviews, but anyone who thinks they may be qualified for one of the jobs, especially in manufacturing, can come to the Sheraton Fort Worth Downtown Hotel on Tuesday. The event opens at 7 a.m. “We’re really ramping up the activity to do this hiring. This is new...
  • Lockheed nears $37 billion-plus deal to sell F-35 jet to 11 countries

    06/19/2017 12:31:38 AM PDT · by Krosan · 16 replies
    Reuters ^ | Sun Jun 18, 2017 | Mike Stone
    Lockheed Martin Corp (LMT.N) is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the talks said. This would be the biggest deal yet for the stealthy F-35 jet, set to make its Paris Airshow debut this week. The sale represents a major shift in sales practices from annual purchases to more economic multi-year deals that lower the cost of each jet. The pricing of the jets was still not final, although the average...
  • Kushner called Lockheed CEO to get a better arms deal for Saudi Arabia

    05/19/2017 6:10:20 AM PDT · by blueplum · 39 replies
    The Hill ^ | 18 May 2017 10:03pm | Max Greenwood
    President Trump's senior adviser and son-in-law Jared Kushner personally called the CEO of Lockheed Martin during a meeting with a Saudi delegation earlier this month to ask her to cut the price of a missile defense system, The New York Times reported Thursday. The call was part of Kushner's effort to secure a roughly $110 billion arms sale to Saudi Arabia before Trump's scheduled trip to the kingdom on Friday.  During the meeting with the delegation, Kushner determined that cost could prohibit the Saudis from purchasing a THAAD missile defense system, which is designed to shoot down intermediate-range ballistic missiles. 
  • Lockheed Martin completes new battle laser for U.S. military

    03/17/2017 10:08:43 PM PDT · by deek69 · 27 replies
    CNBC ^ | 3/17/2017 | David Reid
    Lockheed Martin (LMT)said it has finished developing a 60 Kilowatt (kW) laser system and is now getting ready to hand it over to the U.S. Army. The aerospace and defense firm claimed in a press release Thursday that in testing earlier this month the laser beam system achieved a 58kW blast, a world record for a laser of this type.
  • Pentagon Strikes New F-35 Deal With Lockheed After Trump Involvement

    02/04/2017 2:36:56 PM PST · by Enlightened1 · 16 replies
    Fox News ^ | 03/03/17
    The Pentagon announced the deal would bring the cost per jet for the F-35A below $100 million for the first time -- to $95 million, marking a 7.3 percent drop in price from the last order. Officials estimated, based on the per-plane price of the most recent F-35 order, the new agreement represents a $728 million reduction. White House Press Secretary Sean Spicer declared it “another big win that the president has delivered on for U.S. taxpayers.”
  • Lockheed Lowers Price on F-35 Fighters, After Prodding by Trump

    02/04/2017 5:49:43 AM PST · by GonzoII · 26 replies
    New York Times ^ | February 3, 2017 | CHRISTOPHER DREW
    After weeks of pressure from President Trump, Lockheed Martin agreed on Friday to a somewhat larger price cut on its F-35 fighters than it had on the last few orders, and finally brought the cost of the main version below $100 million for each jet. The Pentagon will buy 90 of the radar-evading planes under the new contract for $8.2 billion. The F-35 is by far the Pentagon’s largest program; it has plans to eventually build more than 2,400 of them for the Air Force, Navy and Marines, and hundreds more for allies. Mr. Trump began to criticize the much-delayed...
  • Lockheed Martin announces 1800 added jobs, lower F-35 costs after Trump meeting

    01/13/2017 1:17:02 PM PST · by SeekAndFind · 50 replies
    Hotair ^ | 01/13/2017 | Ed Morrissey
    If nothing else, we may be seeing what can happen when a little more competition gets introduced into government contracting. A few weeks ago, Donald Trump publicly complained about the price of the F-35, being produced by Lockheed Martin, calling it “out of control,” and suggested that he’d check in with Boeing on whether they could do any better. This wasn’t too long after Trump slammed Boeing for the cost of the new Air Force One fleet, and suggested that he’d cancel the program and look for someone else to build it.How did all that work out? Boeing and...
  • Now Trump hints at cancelling the F-35 ... (trunc)

    12/22/2016 4:07:34 PM PST · by libstripper · 63 replies
    Daily Mail ^ | Dec. 22, 2017 | Goeff Earle
    President-elect Donald Trump took his air war with defense contractor Lockheed Martin to another level Thursday with a tweet threatening the future of the costly F-35 aircraft.
  • Donald Trump Meets With Boeing, Lockheed CEOs (working for the American people holiday)

    12/21/2016 2:30:39 PM PST · by NYer · 48 replies
    WSJ ^ | December 21, 2016 | DOUG CAMERON and Biography @dougcameron Doug.Cameron@dowjones.com DAMIAN PALETTA
    Boeing CEO Dennis Muilenburg leaves after a meeting with U.S. President-elect Donald Trump at Mar-a-Lago in Palm Beach, Fla., on Wednesday. PHOTO: CARLOS BARRIA/REUTERS President-elect Donald Trump met on Wednesday with the chief executives of Boeing Co. and Lockheed Martin Corp., the nation’s two largest defense contractors, two weeks after he started publicly berating the cost of some of their military projects.The meetings with Boeing’s Dennis Muilenburg and Lockheed’s Marillyn Hewson were held at Mar-a-Lago in Palm Beach, Fla., where Mr. Trump is staying for the Christmas holiday.Mr. Muilenburg previously spoke to Mr. Trump via telephone on Dec. 6, shortly...
  • Will Super Hornets bridge IAF's 200-aircraft gap?

    11/04/2016 9:46:45 AM PDT · by Jyotishi · 5 replies
    Business Standard, Rediff News ^ | Friday, November 4, 2016 | Ajay Shukla
    Will Super Hornets bridge IAF's 200-aircraft gap? November 04, 2016 15:11 IST Boeing expects the IAF to soon place an inquiry for twin-engine fighter jets to bridge a 200-aircraft gap in its armoury. And the Super Hornet is ready to fly in, reports Ajai Shukla. The Indian Air Force has already approached major global fighter vendors, inviting them to build single-engine, medium fighters in India.Now the spotlight is expanding to encompass heavier, twin-engine fighters as well.On Thursday, November 3, Pratyush Kumar, president, Boeing India revealed that he expected a second inquiry from the IAF, asking international manufactures for interest...
  • WWII pilot, 101, gets one last flight in his 'godsend' P-38

    10/23/2016 11:16:06 AM PDT · by EveningStar · 74 replies
    The Gazette (Colorado Springs, Colorado) ^ | October 19, 2016 | Tom Roeder
    Frank Royal's Air Force took off at 1:38 p.m. A vintage aircraft clawed through the air followed by two chase planes, one carrying the 101-year-old pilot. The last plane in the formation brought a tear to Royal's eye. Its sleek lines still raise his pulse. He can hear the thrum of its twin engines without his hearing aids - World War II ingrained the 24-cylinder symphony permanently in his mind. He has good reason to remember the details. That very plane, a fully restored P-38 Lightning named White-33, was Royal's first love. And he flew over Colorado Springs to tell...
  • Exposed: FBI Director James Comey’s Clinton Foundation Connection

    09/10/2016 3:32:11 PM PDT · by Rockitz · 161 replies
    Breitbart.com ^ | 10 Sep 2016 | Patrick Howley
    WASHINGTON, D.C. — A review of FBI Director James Comey’s professional history and relationships shows that the Obama cabinet leader — now under fire for his handling of the investigation of Hillary Clinton — is deeply entrenched in the big-money cronyism culture of Washington, D.C. His personal and professional relationships — all undisclosed as he announced the Bureau would not prosecute Clinton — reinforce bipartisan concerns that he may have politicized the criminal probe. These concerns focus on millions of dollars that Comey accepted from a Clinton Foundation defense contractor, Comey’s former membership on a Clinton Foundation corporate partner’s board,...