:

Business/Financial

Outlook For F-35 Growth Remains Bright, Hewson Says

By Cal Biesecker

Wednesday, May 27th, 2020

SHARE:

Outlook For F-35 Growth Remains Bright, Hewson Says

Lockheed Martin Chairman, President and CEO Marillyn Hewson. Photo: Lockheed Martin

Over the next few years at least, Lockheed Martin [LMT] continues to expect to increase sales on its F-35 fighter program through growing production, development and sustainment activities, Lockheed Martin’s outgoing chief executive said on Wednesday. Production on the F-35 is set to ramp up to 170 aircraft in 2022, but new international orders could take that to over 180 fighters beyond that, Marillyn Hewson said during a discussion hosted by Bernstein aerospace and defense analyst Douglas Harned. “We have…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]