Archive: Pentagon

The Marine Corps' short takeoff and vertical landing (STOVL) F-35B performs a vertical landing. Photo: Lockheed Martin.

International Final Assembly Facilities Key To F-35’s Momentum, Lockheed Martin Says

FORT WORTH, Texas — Lockheed Martin’s [LMT] F-35 final checkout and assembly (FACO) facilities in Italy and Japan are key to the program’s maturity going forward, according to a company executive. Lockheed Martin Vice President and General Manager for F-35 Lorraine Martin told reporters last week the FACO facilities are like “mini Fort Worths,” or […]

2012 photo of a F-35A. Photo: Air Force.

Norwegian Parliament Authorizes Purchase Of Six Additional F-35s

The Norwegian parliament last week authorized the purchase of six additional F-35s, raising the total potential buys to 52, according to a spokesman. Endre Lunde, spokesman for Norway’s F-35 program, said Tuesday the approval allows Norway’s defense ministry to make commitments to F-35s, but funding is not guaranteed as it is approved on an annual […]

The F-35 Joint Strike Fighter. Photo by Lockheed Martin.

RAND Questions Value of Joint Fighter Programs

Joint aircraft programs do not produce the expected life-cycle cost savings across the military and the benefits are too small to offset the cost growth that takes place in the acquisition phase because the complexities of developing an aircraft to meet different mission requirements for each service, according to a report released Monday by the […]

Lockheed Martin Says It Will Meet Its 2013 F-35 Delivery Goal

FORT WORTH, Texas — Lockheed Martin [LMT] will deliver 36 F-35s by the end of December, meeting its goal for the year, according to a company executive. Lockheed Martin Vice President and General Manager for F-35 Lorraine Martin told reporters here Friday that a rare ice storm in north Texas last week delayed deliveries for […]

The F-35 Joint Strike Fighter. Photo by Lockheed Martin.

Lockheed Martin Predicts $85 Million F-35A Unit Cost

FORT WORTH, Texas – Lockheed Martin [LMT] predicts by 2019 it will have lowered the unit cost of the Air Force’s F-35A to about $85 million in 2019 dollars, according to a senior executive. Lockheed Martin F-35 Executive Vice President and General Manager Lorraine Martin said Friday the 2019 unit cost in nominal, or today’s, […]

The efense bill before Congress would seek multi-year procurement strategy for satellite communications.

Congress Pushing For Multi-Year Commercial Satellite Acquisition Strategy

The fiscal year 2014 defense authorization bill awaiting final passage in Congress would require the Defense Department to develop a strategy for multi-year procurement of commercial satellite communications (COMSATCOM) services to lower the cost of bandwidth, according to a statement from House Armed Services Committee (HASC) Republicans. Due to the growth in intelligence, surveillance and […]

Defense Authorization Bill Passes House with Overwhelming Majority

A new defense authorization bill that reflected both House and Senate bill language from earlier in the year passed the House of Representatives Thursday evening in an overwhelming 350-69 vote. The bill now goes to the Senate, where it faces much tougher opposition due to the mechanism in which it will be passed, not the […]