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Feb 19, 2015

Lockheed says international sales could reach 30 pct of annual revs

Feb 18 (Reuters) – International sales could eventually
account for 30 percent of Lockheed Martin Corp’s annual
revenue, Chief Executive Officer Marillyn Hewson told Reuters on
Wednesday.

Hewson said international sales contributed 20 percent of
total revenue in 2014, and the company was on track to boost
foreign sales to 25 percent of overall revenue in the next few
years. She added that she could envision foreign sales expanding
to 30 percent, but gave no timeframe for when that could occur.

Feb 18, 2015

Arms makers cautiously welcome new U.S. export policy on drones

WASHINGTON, Feb 18 (Reuters) – U.S. weapons makers on
Wednesday cautiously welcomed a new U.S. export policy for
unmanned planes, saying it could boost equipment sales while
making it easier for the U.S. military to operate with allies in
future conflicts.

The U.S. government on Tuesday established a policy for
sales of military and commercial drones, including armed ones,
that maps out more clearly how it will judge possible exports,
but maintain strict controls on sales.[ID: nL1N0VR1R1]

Feb 18, 2015

Lockheed cites F-35 software issue, no delay in Marine target combat use

WASHINGTON, Feb 18 (Reuters) – Lockheed Martin Corp
may need to update the F-35 fighter jet’s software after issues
arose during testing, but that should not delay the U.S. Marine
Corp’s plan to declare the jet ready for initial combat use in
July, the head of the company’s aeronautics division said
Wednesday.

Orlando Carvalho, executive vice president for Lockheed
Aeronautics, told Reuters that some issues had come up during
testing with radar tracking in the fighter jet’s mission systems
software, but that they were “manageable” before the July target
date.

Feb 17, 2015

U.S. establishes policy for exports of armed drones

WASHINGTON, Feb 17 (Reuters) – The U.S. government on
Tuesday established a policy for exports of military and
commercial drones, including armed ones, and plans to work with
other countries to shape global standards for the use of the
controversial weapons systems.

The State Department said it would allow exports of lethal
U.S. military drones under strict conditions, including that
sales must be made through government programs and that
recipient nations must agree to certain “end-use assurances.”

Feb 16, 2015

Italy to maintain F-35 jet orders despite political pressure -sources

ROME/WASHINGTON (Reuters) – Italy plans to maintain its order for 90 Lockheed Martin Corp F-35 fighter jets, despite political pressure to slash spending on the planes, after winning a major maintenance contract, sources in Rome and the U.S. told Reuters.

Lawmakers from Prime Minister Matteo Renzi’s ruling Democratic Party in May called for the government to halve spending on the project, while some opposition parties want it dropped completely.

Feb 14, 2015

GenCorp CEO to head Aerojet Rocketdyne after Boley departure

WASHINGTON, Feb 13 (Reuters) – GenCorp Inc Chief
Executive Officer Scott Seymour on Friday took over as head of
the company’s Aerojet Rocketdyne unit after the abrupt departure
of its president, Warren Boley.

Boley’s departure was effective immediately, said GenCorp
spokesman Glenn Mahone. He said Seymour would remain chief
executive and president of the parent company, which makes
equipment for the aerospace and defense sector.

Feb 11, 2015

Boeing revamps defense, space unit to tighten programs

WASHINGTON, Feb 11 (Reuters) – Boeing Co on Wednesday
announced a major restructuring of its defense and space
business to tighten oversight of the troubled $52 billion KC-46A
aerial tanker and other key development programs, cut costs and
keep programs on schedule.

Chris Chadwick, president and chief executive officer of
Boeing’s $31 billion Defense, Space & Security business, or BDS,
said a new organization would oversee six key development
programs, just as Boeing has a separate group to oversee
development of new commercial airplanes.

Feb 10, 2015

BAE Systems, TAE to handle F-35 maintenance in Australia

WASHINGTON/SYDNEY, Feb 10 (Reuters) – Australia has picked
Britain’s BAE Systems to carry out heavy maintenance of
Lockheed Martin Corp’s F-35 fighter jet in Australia
from 2018 and Tasman Aviation Enterprises (TAE) to service its
engines, its defence minister said on Tuesday.

Sources in the United States familiar with the decision, who
were not authorised to speak publicly, had confirmed the deal to
Reuters on Monday.

Feb 7, 2015

U.S. Navy takes action to address wiring, fuel line issues

WASHINGTON, Feb 6 (Reuters) – The U.S. Navy on Friday
announced further actions to fix wiring and fuel line problems
on its CH-53E and MH-53E heavy-lift helicopters that caused a
deadly crash in January 2014, including a temporary ban on
in-flight fuel transfers.

The Navy also said it would send 10 teams of experts to help
Navy and Marine Corps mechanics inspect and resolve specific
wiring and fuel line problems, according to a statement posted
by Naval Air Systems Command, also known as Navair.

Feb 7, 2015

Raytheon GPS ground program passes review, delays still possible

WASHINGTON, Feb 6 (Reuters) – A $1.6 billion ground control
system being developed by Raytheon Co for Global
Positioning System (GPS)satellites passed a Pentagon review, but
will be monitored to ensure it stays on track, a senior Air
Force official said on Friday.

Major General Roger Teague, director of space programs for
the Air Force acquisition chief, told reporters Thursday’s
review by chief arms buyer Frank Kendall went well, but program
officials and the contractor got “tough marching orders” to
stick to schedule and cost targets.