Tag Archives: Lockheed Martin

Lockheed Martin Working $2.5B in Hypersonic Weapon Contracts

Lockheed Martin Working $2.5B in Hypersonic Weapon Contracts

Artist’s concept of a hypersonic vehicle. DARPA Photo

Lockheed Martin is working through $2.5 billion in military contracts to develop a variety of hypersonic weapons in a bid to catch up with developments from China and Russia, company chief executive Marillyn Hewson said during a Tuesday earnings calls. Read More

Lockheed Martin Says New F-35 Supplier Contracts Will Reduce Aircraft Costs

Lockheed Martin Says New F-35 Supplier Contracts Will Reduce Aircraft Costs

An F-35C Lightning II fighter jet, attached to the “Argonauts” of Strike Fighter Squadron (VFA) 147, flies in formation for a photo exercise in Lemoore, Calif., on Nov. 16, 2018. US Navy Photo

F-35 Lightning II Joint Strike Fighter lead-contractor Lockheed Martin reconfigured a host of its contracts with its suppliers to lower the aircraft price tag, improve readiness and control ongoing maintenance costs.

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U.K. Developing its Own Extra Large UUV for Royal Navy

U.K. Developing its Own Extra Large UUV for Royal Navy

Artist’s conception of the Boeing Orca XLUUV. Boeing Image

LONDON — Britain’s Ministry of Defence is exploring options for the development of an Extra Large Unmanned Underwater Vehicle (XLUUV) to conduct covert missions at distances of up to ranges 3,000 nautical miles for three months at a time for the Royal Navy. Read More

Marine Corps, Lockheed Martin to Sign CH-53K Helo Production Contract in 'Weeks'

Marine Corps, Lockheed Martin to Sign CH-53K Helo Production Contract in ‘Weeks’

The CH-53K King Stallion lifts a Joint Light Tactical Vehicle (JLTV) at Naval Air Station Patuxent River, Maryland, January 18, 2018. The purpose of this exercise was to show the Capabilities of the CH-53K. US Marine Corps photo.

CAPITOL HILL – The Department of the Navy expects to sign a contract with Lockheed Martin for the CH-53K heavy lift helicopter “in the next coming weeks,” after a pause and a program restructuring effort that sought to rebalance risk and reward between the government and contractor. Read More

Marines Say CH-53K Deficiencies Are All 'Fixable'

Marines Say CH-53K Deficiencies Are All ‘Fixable’

The first CH-53K King Stallion delivered to Marine Corps Air Station (MCAS) New River, N.C. on May 16, 2018. US Marine Corps Photo

CAPITOL HILL – The Marines’ top aviator said the new CH-53K heavy lift helicopter has had some struggles during its past year of testing but would emerge from it a capable and reliable asset for the Marines. Read More

Navy Awards Boeing $43 Million to Build Four Orca XLUUVs

Navy Awards Boeing $43 Million to Build Four Orca XLUUVs

Boeing Echo Voyager. Boeing Co. photo.

This post has been updated with a statement from Boeing.

The Navy awarded Boeing a $43-million contract to build four Orca Extra Large Unmanned Undersea Vehicles (XLUUVs) for the service, according to a Wednesday Pentagon contract announcement. Read More

Lockheed: F-35A Cost To Drop Below $80 Million Per Fighter In 2023

Lockheed: F-35A Cost To Drop Below $80 Million Per Fighter In 2023

Capt. Andrew “Dojo” Olson, F-35 Heritage Flight Team pilot and commander, performs a tactical pitch maneuver in an F-35A Lightning II during the California Capital Airshow on Sept. 23, 2018, in Sacramento, Calif.

Lockheed Martin is committed to producing the F-35A Lightning II Joint Strike Fighter for $80 million each by next year and further reducing the overall program costs as part of the next production contract negotiations with the Department of Defense, the company said on Tuesday Read More