WASHINGTON—Lockheed Martin Corp. won a $2.3 billion contract to build at least 120 H-60M Black Hawks as the U.S. military continues its search for a next-generation helicopter, the Pentagon said on Monday. The five-year contract includes options for an additional 135 aircraft which will be available to the Army as well as other U.S. agencies…
Thailand Purchase of F-35 Stealth Jets Depends on US Government, Says Lockheed Martin Executive
Thailand’s interest in Lockheed Martin’s F-35 stealth fighters is genuine, but clearance to buy the jets is a matter for the U.S. government, a senior executive from the defense giant said on Wednesday. Speaking on the sidelines of the Singapore Airshow, Tim Cahill, Lockheed Martin’s senior vice president for Global Business, confirmed Thailand had expressed…
Lockheed Scraps $4.4 Billion Deal to Buy Aerojet Amid Regulatory Roadblocks
U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block the deal in late-January on the grounds that it would allow Lockheed to use its control of Aerojet to…
Lockheed Martin Beats Its F-35 Delivery Goal for 2021
Lockheed Martin delivered a total of 142 F-35 fighter jets to the United States and its allies, three more than originally planned, the world’s largest defense contractor said on Monday. The company was expected to deliver between 133 and 139 jets in 2021. Last year, two new countries—Switzerland and Finland—selected Lockheed’s F-35 for their new…
Lockheed’s F-35A Could Face First Price Rise in Years as Inflation Bites
WASHINGTON—Lockheed Martin Corp said future F-35A fighter jets could be more expensive as rising inflation and customer demands halt a 64 percent drop in price since the jet was first introduced in 2007. The first F-35A cost $221 million when it came off the production line in 2007. Since then, production quantities and know-how have…
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