Archive: Pentagon

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 […]