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The Lockheed Martin Corporation, which received non-competitive contracts to produce the F-35 fighter, allegedly failed between 2013 and 2015 to disclose accurate cost information to the Defense ...
Lockheed Martin forecast 2025 profit that missed Wall Street expectations on Tuesday, as the defense giant grapples with delayed rollouts of a tech upgrade on the F-35, underscoring a cautious ...
Fort Worth’s largest employer has landed a $6.25 billion deal with the Swiss government for F-35s, and some of the aircraft will be made here. Lockheed Martin secures F-35 deal with Switzerland ...
Lockheed has said it expects the production rate for the jets to eventually plateau at about 175 aircraft per year. "While initial discussions indicated 169 aircraft in 2022, we will provide a ...
The F-35 was the product of the Joint Strike Fighter (JSF) program, which was the merger of various combat aircraft programs from the 1980s and 1990s. One progenitor program was the Defense Advanced Research Projects Agency (DARPA) Advanced Short Take-Off/Vertical Landing (ASTOVL) which ran from 1983 to 1994; ASTOVL aimed to develop a Harrier jump jet replacement for the U.S. Marine Corps ...
Lockheed Martin says a subcontractor is withholding F-35 materials, causing a national security threat by delaying deliveries of the military aircraft.
A U.S. Air Force F-35A Lightning II in flight. Operations of the Lockheed Martin F-35 Lightning II family began in 1995 with the Joint Strike Fighter program.Since its first flight in 2006, the aircraft has faced substantial controversy, shortages in its research and development supply, [1] and safety concerns due to incidents. [2]
Lockheed shares fell 2.6% after the news, which was fi. WASHINGTON (Reuters) -U.S. President Joe Biden wants an 18% cut in the number of F-35 jets the Pentagon buys next year after Congress' cap ...