The F-35 Joint Program Office awarded Lockheed Martin a $1.9 billion contract on Jan. 6 to maintain the global Lightning II fleet, support training and expand capacity for producing spares and repairing components.
Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.
The acting U.S. Navy secretary is holding a “Make Ford Ready” summit Jan. 9 that will feature all government and industry stakeholders who will focus on achieving four tasks to ensure the USS Gerald R. Ford deploys on time.
A powered target simulating a cruise missile was shot down by a guided 2.75-in. rocket fired by a Lockheed Martin F-16 to demonstrate a relatively affordable capability to defend bases from attacks by waves of cheap cruise missiles.