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Lockheed Martin


F-35 on Lockheed Martin production line WASHINGTON: Lockheed Martin is projecting about an 80 percent drop in its portion of the F-35’s costs per flying hour by 2031, company officials said today — arguing that overall costs could be even further reduced should DoD sign a company-proposed multi-year performance-based logistics (PBL) contract. “Our costs per flying …

Advanced Battle Management System Overview WASHINGTON: The Air Force has slated $950 million to rapidly acquire technology from 28 firms, some behemoth defense contractors and others are Silicon Valley startups, over the next five years to support its ambitious Advanced Battle Management System (ABMS) for future joint all-domain operations. The funds have been lumped together …

PEOPLE New Lockheed CEO marks shift for world’s largest defense firm By Ross Wilkers Mar 16, 2020 Lockheed Martin’s announcement Monday that CEO Marillyn Hewson will step down from that position and be succeeded by board member James Taiclet represents a change from recent precedent at the world’s largest defense company. Hewson elevated …

A B-52 bomber carrying the ARRW. AFA 2020: Lockheed Martin’s air-launched hypersonic missile will complete its critical design review (CDR) today, as the company and the Air Force press ahead on development, John Varley, vice president for hypersonic weapons at Lockheed Martin, says. The company’s first contract for the Air Force’s AGM-183 Air-Launched Rapid Response …

M&A Lockheed to sell part of energy business, sharpen platform focus By Ross Wilkers Oct 23, 2019 Lockheed Martin said Wednesday it has agreed to sell a part of its energy line of business to global consulting and engineering company TRC Companies. TRC will purchase Lockheed’s Distributed Energy Solutions group also known as …

United Technologies Corp. raised its profit outlook for the year as it recorded higher quarterly earnings and revenue driven largely by its 2018 acquisition of airplane-parts maker Rockwell Collins Inc. For the full year, the Farmington, Conn., aerospace company now expects adjusted per-share earnings to be between $8.05 and $8.15, up from its previous outlook …