WASHINGTON (Reuters) – U.S. Army Secretary John McHugh on Wednesday said he was optimistic lawmakers would agree to some form of relief from congressional budget caps for fiscal 2016, given widespread recognition the resulting spending cuts would undermine military readiness.
McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon.
WASHINGTON (Reuters) – The U.S. Navy remains committed to its plans to buy the carrier-based variant of Lockheed Martin Corp’s F-35 fighter jet and declare it ready for initial combat use by 2018, Vice Chief of Naval Operations Admiral Michelle Howard said on Tuesday.
Howard said there was no doubt the Navy would need tactical and strike aircraft based on aircraft carriers, and it was counting on the F-35 Lightning II to carry out that mission.
WASHINGTON, Feb 24 (Reuters) – Lockheed Martin Corp’s
F-35 Joint Strike Fighter will start “ski-jump testing”
at a Maryland air base this week, while another B-model jet
wraps up six months of tests at temperatures as low as minus 40
degrees Fahrenheit (minus 40 Celsius) to as high as 120 F (49
Two UK pilots will test the ability of the new warplane to
take off from upward-sloping ski-jump ramps used on aircraft
carriers like those operated by Britain and Italy. The ramps
launch the jets forward and upward, reducing the thrust needed.
WASHINGTON (Reuters) – United Launch Alliance, a joint venture of the top two U.S. arms makers, on Friday said it will slash costs and hunt out new customers to ensure continued growth despite the rise of a new rival, privately-held Space Exploration Technologies, or SpaceX.
Tory Bruno, who took over as chief executive of the 50-50 venture of Lockheed Martin Corp and Boeing Co in August, told Reuters he was confident the company would survive increased competition and even prosper in the coming age of heightened activity and exploitation of space.
WASHINGTON (Reuters) – Last October’s explosion of Orbital ATK Inc’s Antares rocket may have been triggered when debris inadvertently left in a fuel tank traveled into the booster’s main engine, two people familiar with investigations into the accident told Reuters.
The sources said the preliminary findings suggest that a simple assembly mistake by Orbital ATK could have caused the explosion, which destroyed a cargo ship bound for the International Space Station.
WASHINGTON, Feb 19 (Reuters) – The U.S. government has
approved Raytheon Co to export a new Active
Electronically Scanned Array (AESA) sensor based on gallium
nitride semiconductor technology to countries that have Patriot
missile defense systems, the company said Thursday.
Raytheon has invested more than $150 million over the past
15 years in gallium nitride, or GaN, and it is part of a new Air
and Missile Defense Radar that Raytheon is building for the U.S.
Navy, as well as several Air Force programs.
WASHINGTON, Feb 18 (Reuters) – Lockheed Martin Corp
executives said on Wednesday they were confident the company
would not face capacity constraints working on both the F-35
program and a new bomber if the U.S. Air Force chose its joint
bomber bid with Boeing Co.
“Our aeronautics business has the capacity to execute the
scope of work that we have on the bomber program,” Orlando
Carvalho, who heads Lockheed’s aeronautics division, told
Reuters in an interview during the company’s annual media day.
WASHINGTON (Reuters) – Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector.
Lockheed, also the Pentagon’s biggest supplier, said it was making strong inroads in the commercial market by leveraging a dozen years of experience and intelligence gathered while guarding its own networks and those of government agencies.
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
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.
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
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]