WASHINGTON, July 8 (Reuters) – Flight testing of Lockheed
Martin Corp’s new F-35 fighter jet will fall short of
planned totals for the year due to budget cuts that will keep
the Pentagon’s civilian workers off their jobs for 11 days, a
top U.S. Navy official told Reuters on Monday.
“It’s going to fall short because we’re going to lose a day
a week, roughly,” Sean Stackley, assistant Navy secretary for
research, development and acquisition, said in an interview.
PARIS, June 21 (Reuters) – The fallout of U.S. defence
budget cuts was plain to see at this week’s Paris Airshow in a
range of scaled back displays that in the past were packed with
a crowd-pleasing array of U.S. military hardware.
Lockheed Martin Corp, whose F-35 radar-evading jet
is the biggest weapons programme ever, conspicuously left the
mockup of the fighter which normally graces Europe’s premier
industry meeting at home in favour of a billboard picture.
PARIS (Reuters) – Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz), already the biggest U.S. weapons maker and largest provider of IT services to the U.S. government, wants to become a powerhouse in foreign markets such as the Middle East and India, a top executive said.
Lockheed made about 17 percent of its $47 billion of revenue abroad in 2012, or $8 billion, and will “absolutely” exceed its current goal of 20 percent, Pat Dewar, senior vice president for corporate strategy and business development, told Reuters.
June 20 (Reuters) – An unmanned minehunting vehicle
developed by Lockheed Martin Corp has shown improved
reliability in new tests, moving it a step closer to use on U.S.
warships, Navy officials said on Thursday.
An improved version of the Remote Minehunting System has
completed 850 hours of testing, paving the way for 10 weeks of
development and operational testing this fall, which should
allow the system to go into use in 2015.
PARIS, June 19 (Reuters) – U.S. aerospace companies, keen to
benefit from billions of dollars in possible future orders for
civilian drones, are mobilizing to assuage public concerns about
privacy and safety.
The Aerospace Industries Association, the U.S. industry’s
biggest lobbying group, released a new poll on Wednesday at the
Paris Airshow, which showed that 54 percent of Americans favor
use of drones for civilian purposes, including border patrol,
weather prediction and disaster response.
PARIS, June 19 (Reuters) – Increased cyber espionage by
China and recent leaks by a contractor working at the National
Security Agency have put a sharp focus on cybersecurity for
aerospace and defence companies showing off their wares at this
year’s Paris Airshow.
“We, like others, are constantly being bombarded by people
who are trying to get into our systems,” said Mark DeYoung,
chief executive of U.S. rocket engine and ammunition maker
Alliant Techsystems (ATK).
June 18 (Reuters) – Industry executives and some corners of
the U.S. intelligence community are pushing back against
possible legislative moves to curb contractors’ access to
Following leaks by former National Security Agency
contractor Edward Snowden, Senate Intelligence Chairman Dianne
Feinstein is working on legislation intended to restrict spy
agencies from assigning contractors like Snowden to sensitive
PARIS, June 18 (Reuters) – With development and technology
challenges on the Lockheed Martin Corp F-35 fighter
increasingly under control, the company and the U.S. military
are taking aim at a more vexing problem: the cost of flying and
maintaining the new warplane.
U.S. officials worry the current $1.1 trillion price tag for
operations and maintenance – sometimes called “sustainment” -
will erode international support for the new Joint Strike
Fighter, which is critical to ensuring the plane can be as
affordable as advertised.
PARIS, June 18 (Reuters) – U.S. arms makers see rising
foreign demand for fighter jets, missile defense systems and
other weapons as countries modernise their forces and U.S.
officials, facing tighter budgets, encourage allies to invest
more in intelligence gathering and aerial refueling equipment.
U.S. Air Force arms sales to international buyers doubled
over the past two years and further increases are likely, a
senior Air Force official said at the Paris air show on Monday.
PARIS, June 17 (Reuters) – Leading planemakers are battling
over strategy for big jets as the Paris Airshow gets underway on
After a bruising two-year fight for market share of popular
smaller models, Airbus and Boeing Co are
increasing the deployment of next-generation long-range jets,
seen as crucial to the future of both companies and their