Aerospace Group:

Business/Financial

Lockheed Will Leverage NGAD Investment For F-35+ To Approach 6th Gen Aircraft At Half Cost

By Cal Biesecker

Tuesday, April 22nd, 2025

SHARE:

Lockheed Will Leverage NGAD Investment For F-35+ To Approach 6th Gen Aircraft At Half Cost

F-35A Lightning II multi-role fighter. Photo: Lockheed Martin

Despite losing out on a potential new franchise aircraft program, Lockheed Martin [LMT] will leverage its investments in the Air Force’s Next-Generation Air Dominance (NGAD) platform for upgrades of its F-35 multi-role fighter to give the fifth generation aircraft 80 percent of the capabilities of sixth generation aircraft at half the cost, the company’s top executive said on Tuesday. Lockheed Martin will not protest the loss of NGAD to Boeing [BA] and instead will pour the “knowledge and technology gained”…

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]