Lockheed Martin

December 13, 2013 - 12:20pm

Iraq has signed a contract with Korea Aerospace Industries (KAI) to buy 24 T-50 Golden Eagle advanced jet trainers. According to KAI, the deal at the outset is worth $1.1 billion, including initial pilot training, but will almost double in value with the addition of support over 20 years. Iraq also evaluated the Aero Vodochody L-159, BAE Hawk Mk 128 and Yakovlev Yak-130, according to KAI.

November 19, 2013 - 6:48am

Lockheed Martin’s Missiles and Fire Control division (MFC) is a major supplier of defense equipment to the Middle East and that business is about to arise to a new level thanks to an anticipated sale of its Terminal High-Altitude Air Defense (THAAD) to Qatar.

November 18, 2013 - 10:30am
T-50 sim

Lockheed Martin has brought its T-50 Golden Eagle simulator to Dubai to continue its promotion of the supersonic advanced trainer system in the region and particularly in the UAE. The T-50 was developed in Korea by Korea Aerospace Industries (KAI) working in close partnership with Lockheed Martin and is now in service with the Republic of Korea Air Force (ROKAF) in the form of the T-50 advanced trainer and TA-50 lead-in fighter/weapons trainer versions. The fully combat-capable FA-50 is due to be delivered before the end of the year to begin the replacement of the ROKAF’s Northrop F-5s.

November 18, 2013 - 2:15am

Lockheed Martin announced last Friday that it plans to close four facilities and reduce operations at a fifth, with the loss of 2,000 jobs. The closures affect the company’s Information Systems & Global Solutions (IS&GS); Mission Systems and Training (MST); and Space Systems business areas. A further 2,000 jobs in these business areas will be eliminated through “operational efficiency initiatives,” the company said.

November 17, 2013 - 11:15am

Lockheed Martin’s Missiles and Fire Control division (MFC) is a major supplier of defense equipment to the Middle East and that business is about to arise to a new level thanks to an anticipated sale of its Terminal High-Altitude Air Defense (THAAD) to Qatar.

November 17, 2013 - 7:45am

Lockheed Martin continues to upgrade its modernized target acquisition designation sight/pilot night-vision sensor (M-TADS/PNVS) for the AH-64 Apache, an electro-optical fire-control system that this year surpassed one million flight hours on the attack helicopter.

November 8, 2013 - 10:33am

Taiwanese President Ma Ying-jeou ceremonially welcomed the first Lockheed Martin P-3C Orion maritime patrol aircraft at Pingtung airbase on October 31. Three days later, the island’s first six Boeing AH-64E Apache attack helicopters arrived from the U.S. by sea. Neither event was publicized by the U.S. government or the contractors, no doubt because of concern that mainland China would react adversely.

September 27, 2013 - 1:25pm

Software remains the biggest risk of the F-35 program, according to U.S. Air Force Lt. Gen. Christopher Bogdan, the program executive officer. In a presentation at the Air Force Association (AFA) Air & Space Conference on September 17, Bogdan also discussed progress in fixing the Joint Strike Fighter’s helmet-mounted display systems (HMDS), and program costs.

September 13, 2013 - 1:45pm

The premier position of the UK aerospace industry on the Lockheed Martin F-35 program was highlighted by a briefing and presentation at the Defence Security and Equipment International (DSEI) show in London this week. Some 500 British companies are involved in producing “15 percent of each of the 3,100 F-35s that will be built,” according to Steve O’Bryan, vice president for F-35 program integration at Lockheed Martin. The company has calculated that the program will secure 24,000 high-technology jobs in the UK through 2039.

August 2, 2013 - 6:00pm

Lockheed Martin and the U.S. Department of Defense (DOD) reached an agreement in principle to fund the next two low-rate initial production (LRIP) lots of the F-35 Joint Strike Fighter, comprising 71 aircraft. The company and DOD jointly announced the “handshake agreement” on July 30 in advance of signing the LRIP contracts, which will provide consecutive, 4-percent reductions in the unit cost of U.S. military variants, they said. The parties said they will release cost details when the contracts are finalized.

 
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