Lockheed Martin Corp. expects profit to surge this year, even if sales don’t, as the company benefits from U.S. tax cuts and higher deliveries of its F-35 Lightning II fighter jet. Lockheed Sees 2018 Profit Gain on Tax Cut, F-35 Fighter Jet https://www.bloomberg.com/news/articles/2018-01-29/lockheed-forecasts-profit-surge-from-tax-cut-f-35-fighter-sales
“No significant improvement” on the reliability of F-35s
Efforts to improve the reliability of Lockheed Martin Corp.’s F-35 are “stagnant,” undercut by problems such as aircraft sitting idle over the last year awaiting spare parts from the contractor, according to the Pentagon’s testing office. The availability of the fighter jet for missions when needed -- a key metric -- remains “around 50 percent, a … Continue reading “No significant improvement” on the reliability of F-35s
MoD refuses to provide F-35 cost estimate
Work on the F-35, by a consortium led by the US-based Lockheed Martin, began in 1996 and was scheduled for completion in 2012 but has been beset by problems. The US estimate of the total cost of the programme jumped from £174bn in 2001 to £283bn this year. The MoD has so far refused to provide … Continue reading MoD refuses to provide F-35 cost estimate
Transform defence for sustainable human safety 