Lockheed Martin has won two F-35 modification contracts worth $556 for the US armed forces. Lockheed Martin in a contract worth $64 million has to modify 14 F-35A air vehicles for the U
United Technologies has announced Tuesday that Chief Executive Officer Louis Chenevert has stepped down and will be succeeded by Gregory Hayes, who has been serving as the company's chief financial officer. The decision comes as a surprise as the company struggles to boost growth in several key units, Bloomberg reported
Britain announced Monday that it has signed a contract with Lockheed Martin to buy its first four of 14 F-35B combat aircrafts. The aircrafts are expected to be delivered in 2016 and will be in service by 2018
Exelis announced today that it has appointed Peter Martin as vice president and general manager of its electronic attack and release systems business on Long Island, New York. Martin's career has spanned a range of functions within Exelis, including program management, manufacturing and technology development
The U.S
Lockheed Martin will demonstrate the latest advancements in simulation and training at the Inter-service/Industry Training, Simulation and Education Conference (I/ITSEC) from December 1 to 5.at the Orange County Convention Center in Orlando, Florida
Canada has decided to extend the service life of its aging fleet of CF-18 Hornet fighters affecting the prospects of Lockheed Martin and Boeing selling their latest fighters such as the F-35 and F/A-18 in jeopardy. Canada said in September that it would extend the life of its fighters to 2025 from the previous 2020 end-date
The U.S
China unveiled its new J-31 stealth fighter jet at the Zhuhai Air Show last week as an alternative to the very expensive Lockheed Martin F-35 jet. The J-31 conducted a demonstration flight at the show with a mock-up also on display
Israel is likely to order 12 to 15 in the purchase of a second squadron of advanced F-35 fighter jets from the US as against the earlier deal of 31 aircrafts, local media reported. Strategic Affairs Minister Yuval Steinitz was quoted as saying by Haaretz, Israeli daily earlier this month that “the money for the highly-touted deal should instead be spent developing Israels drone force and buying more relatively inexpensive rockets that can be launched from the air, sea, or land