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Ascent Joint Venture In Billion-Dollar U.K. Flight Training Pact

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U.K. Army and Navy flight training will be transformed under an approximately $1.2 billion contract with Ascent, a Lockheed Martin [LMT] VT Group joint venture, the government said June 2. "The partnering contract with Ascent brings together MoD and industry skills to deliver a first class flying training capability," Minister for Defence Equipment and Support, Baroness Taylor, said. "It will significantly improve training for Royal Navy, Royal Air Force and Army aircrew by bringing together the current range of fragmented…

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