Tag: Lockheed Martin

By fiscal 2019, the F-35A, which takes off and lands on runways, will cost between $80-85 million each. (AP Photo/LM Otero, File)

National Security

F-35 price expected to drop to about $80 million per plane by fiscal 2019

Jacqueline Klimas · February 16, 2017 5:34 pm

Lt. Gen. Chris Bogdan told lawmakers that he and Trump met for the first time in December along with a number of other senior Defense Department personnel. (AP Photo/Sang Tan)

National Security

F-35 top officer: CEO from competitor Boeing listened in on phone call with Trump

Jacqueline Klimas · February 16, 2017 3:23 pm

Since the election, Trump has met multiple times with Lockheed Martin's CEO Marillyn Hewson over concerns about the cost of the F-35 program. (AP Photo/John Amis, File)

National Security

Lockheed VP Rangel a top contender for Trump’s deputy defense secretary, sources say

Jacqueline Klimas · February 7, 2017 7:54 pm

Trump, who has sharply criticized the Pentagon's priciest weapons system ever, said he has been working with Lockheed CEO Marillyn Hewson since before his inauguration, and last week took credit for saving the taxpayers $600 million on the latest order. (AP Photo/Susan Walsh)

National Security

Trump touts $700 million in savings on the F-35

Jamie McIntyre · February 6, 2017 8:33 pm

If President Trump continues focusing on the F-35 program, it's likely to have a real impact, not only on Lockheed Martin, but also more broadly on the rest of the defense industry. (George Frey/Bloomberg)

The upside to Trump’s dubious claims about defense industry savings

Jacqueline Klimas · February 6, 2017 5:01 am

The B version used by the Marine Corps, which can take off and land vertically, will cost $122.8 million. (Marine Corps photo)

National Security

F-35 cost drops to below $100 million per plane for first time

Jacqueline Klimas · February 3, 2017 6:04 pm

F-35A Lightning IIs piloted by the 388th and 419th Fighter Wings prepare to depart Hill Air Force Base, Utah, Jan. 20 to participate in exercise Red Flag. (Air Force photo)

National Security

Air Force F-35 performing well against ‘complex’ threats in first Red Flag exercise

Jacqueline Klimas · February 3, 2017 4:52 pm

The head of Marine Corps aviation predicted that the review of the F-35 ordered by Defense Secretary Jim Mattis will likely end up validating the need for the fifth generation fighter. (AP Photo/Rick Bowmer)

National Security

Marine air chief: Review ordered by Mattis will prove need for F-35

Jacqueline Klimas · February 1, 2017 8:29 pm

President Trump on Monday announced to reporters that he had cut the cost of the latest F-35 contract with Lockheed Martin by $600 million.

National Security

Expert: Trump claims credit for F-35 cost drop that was already happening

Jacqueline Klimas · January 30, 2017 3:13 pm

President Trump's use of Twitter to criticize the cost of the Pentagon's acquisition programs had no major impact on companies' 2016 earnings, according to one analyst. (AP Photo/Matt Slocum)

National Security

2016 was a good year for the defense industry, despite those Trump tweets

Jacqueline Klimas · January 28, 2017 5:01 am

Defense Secretary James Mattis has ordered a review of the two expensive Pentagon acquisition programs that have come under scrutiny from President Trump. (AP Photo/J. Scott Applewhite)

National Security

Mattis orders review of F-35 and Air Force One programs

Jamie McIntyre · January 27, 2017 6:05 pm

Tanner said Lockheed Martin is predicting between $49.4 and $50.6 billion in sales for 2017. (AP Photo/Evan Vucci)

National Security

Lockheed Martin CEO praises Trump for ‘excellent questions’ on F-35

Jacqueline Klimas · January 24, 2017 8:20 pm