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Lockheed


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 …

Cybersecurity Biden floats $9B boost to tech modernization fund By Justin Katz Jan 15, 2021 NOTE: This story first appeared on FCW.com. President-elect Joe Biden today released his $1.9 trillion coronavirus relief package that includes $9 billion for a fund used to improve the federal government’s IT and cybersecurity. Most of the massive …

Acquisition Pandemic speeds modernization across federal agencies By Mark Rockwell Dec 11, 2020 NOTE: This story first appeared on FCW.com. The initial ordeal of adapting to the pandemic IT environment has evolved into a speedier and focused view of system modernization at federal agencies, according to some federal CIOs. That initial wave of …

CYBER NDAA includes cyber czar, CISA subpoenas By Justin Katz Dec 04, 2020 NOTE: This article first appeared on FCW.com. Lawmakers on Thursday unveiled their bicameral version of the fiscal year 2021 annual defense policy bill that includes more than two dozen recommendations from a congressional cyberspace commission such as establishing a White …

Lockheed Martin today announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter. “Our customers require the …

Nichols Martin August 7, 2020 Contract Awards, News US Air Force The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft. The service branch is asking …

Lockheed Martin F-35 production line WASHINGTON: In a stormy two-hour hearing, members of the House Oversight Committee lambasted Lockheed Martin and Pentagon officials for putting pilots at risk of accidents by failing to fix the F-35’s troubled maintenance system. “Fix this now, before you have blood on your hands,” said Rep. Rashida Talib. Criticism and …

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 …

Acquisition Redefined contracting lead time draws praise By Mark Rockwell Feb 24, 2020 NOTE: This article first appeared on FCW.com. While industry groups agreed with the Office of Federal Procurement Policy plan for a new definition to measure and publicly report Procurement Administrative Lead Time (PALT), others said the change didn’t adequately cover …