Lockheed Martin has delivered more than 800 F-35 fighter jets, but production is still plagued by many defects and rework that pose the risk of significant delivery delays and reduced readiness, according to the Pentagon’s Defense Contract Management Agency, which cited Bloomberg. Lockheed, the Defense Department’s prime contractor, has improved in many ways from the […]
Tag: Lockheed Martin
Lockheed: 285 Super Hercules transports will fly with integrated ODA subassemblies
The Hellenic Aviation Industry (EAB) today delivered to Lockheed Martin Aeronautics, the regulated assembly of the C-130J Super Hercules transport aircraft, without any technical fault being found. . “With today’s delivery, Lockheed Martin Aeronautics’ confidence is once again confirmed in the high level of expertise of ODA, the professionalism and dedication of its human resources. […]
N. Panagiotopoulos at the F-35 production facilities in Texas
The Lockheed Martin facilities in Fort Worth, Texas, United States, were visited by the Minister of National Defense, Nikos Panagiotopoulos, to learn more about the production processes and operational capabilities of the 5th generation F-35 fighter jets. As announced, N. Panagiotopoulos received a warm welcome from executive vice president Gregory M. Ulmer, vice president of […]
Lockheed Martin: 2nd quarter results lower than estimates, shares fall 3.5%
Lockheed Martin shares fell 3.5% in pre-conference trading, as the aerospace and defense company reported second-quarter results that fell short of analysts’ estimates. Net income was $309 million, or $1.16 per share, including non-operating charges of $1.7 billion. The company’s net income was $1.81 billion, or $6.52 per share, a quarter ago. The consensus estimate […]
Lockheed delivers the first model of a new missile launcher to the US military
Defense industry company Lockheed Martin announced on Tuesday that it has delivered the first model of its newest mobile missile launcher to the US military. The United States and its allies recently provided billions of dollars worth of weapons to Ukraine to help it repel an invasion by Russia, which Moscow claims is a “special […]
Germany will buy 60 Chinook helicopters to replace its aging fleet
Germany to buy 60 Chinook helicopters from Boeing to replace aging CH-53 fleet . “With this model we are strengthening our ability to work together in Europe,” Lambrecht added during a speech to the Bundestag lower house. According to previous data, the Bundeswehr was to acquire 45 to 60 helicopters for about 4 billion euros, […]
Lockheed Martin: Q1 earnings higher than expected
Lockheed Martin shares fell 2.9% in pre-conference trading, as the aerospace and defense company announced quarterly earnings that exceeded expectations. Sales, however, were lower than expected, and its four business units announced figures lower than expected. Net income fell to $ 1.73 billion, or $ 6.44 a share, from $ 1.84 billion, or $ 6.56 […]
American F-35 for Germany
The old aircraft of the German Air Force had to be replaced a long time ago. New data accelerates the purchase of American F-35s. This is the first major arms purchase for the German army, the Bundeswehr, since the outbreak of war in Ukraine: According to the German Ministry of Defense, Germany plans to purchase […]
Lockheed Martin is preparing new F-16 fighter jets in ODA
New special shelters for the protection of personnel and aircraft will be added to the facilities of the Hellenic Aviation Industry (EAV) in Schimatari, which will be constructed at the expense of Lockheed Martin Aeronautics. Today, Thursday, March 3, 2022, their founding ceremony took place. The investment concerns special canopies, with an area of ​​877.41 […]
New contracts of $ 233.9 million were signed by ODA and Lockheed Martin
Hellenic Aviation Industry SA signed two contracts with a total value of € 118.6 million, which concern co-production of F-16 fighters for third-party customers of Lockheed Martin, with Lockheed Martin Aeronautics. They also signed the contract for the upgrade of the Air Force F-16s to Viper level worth $ 97.5 million. In total, ADA undertook […]