A worker in the shipyard’s foundry uses a torch to slice through scrap steel at Newport News Shipbuilding. HII Photo
A trio of large defense contractors belive their financial futures are secure in 2020 and 2021 – even with COVID-19 and a slowed federal budget process.
A U.S. Navy F-35C Lightning II, attached to Commander, Joint Strike Fighter Wing, the ‘Argonauts’ of Strike Fighter Squadron (VFA) 147, completes a flight over Eglin Air Force Base in Fort Walton Beach, Fla., Feb. 1, 2019. US Navy Photo
COVID-19 is slowing F-35 Lightning II Joint Strike Fighter production because of supply chain disruptions caused by national and international attempts to stop the spread of the sickness, prime contractor Lockheed Martin said Tuesday. Read More
Marillyn Hewson, CEO of Lockheed Martin, addresses her remarks to President Donald J. Trump, joined by Vice President Mike Pence, during the American Workforce Policy Advisory Board Meeting on March 6, 2019. White House Photo
Marillyn Hewson is stepping down as chief executive of Lockheed Martin after running the defense contractor since 2014.
An F-35A Lightning II fighter jet takes off during Astral Knight 2019 on June 6, 2019, at Aviano Air Base, Italy. US Air Force Photo
Lockheed Martin is confident new customers will step forward to buy the F-35 Lighting II Joint Strike Fighters intended for Turkey, company executives said during a Tuesday conference call with analysts. Read More
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.
