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Business/Financial

Outlook For F-35 Growth Remains Bright, Hewson Says

By Cal Biesecker

Wednesday, May 27th, 2020

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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…

Congress

Kaine On Iranian Girls School Strike: “You Can Be Sure We’re Gonna Get The Answer To That One”

Sen. Timothy Kaine (D-Va.), the ranking member of the Senate Armed Services Committee (SASC) seapower panel, pledged on Tuesday that the Senate will get to the bottom of what happened […]

Congress

‘Right To Repair’ Reform In SASC’s FY ‘27 NDAA Sets “Government-Purpose Rights’ As Default

The “Right to Repair” provision secured in the Senate Armed Services Committee’s (SASC) version of the next defense policy bill would establish “government-purpose rights” as a default, requiring defense contractors […]

Advanced / Transformational Technology

Pentagon May Make ‘Tradeoffs’ For Low-Cost Autonomous Tech Without Reconciliation Funds, CTO Says

The Pentagon’s chief technology officer has said the department may need to make “tradeoffs” on certain capability priorities if Congress doesn’t pass a reconciliation with $350 billion in requested defense […]

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]