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November 23, 2008 4:03:53 CST

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Lockheed Martin

Lockheed Martin news stories

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Pentagon Seeks $15.2B Fighter Sale to Israel

US maker Lockheed Martin still developing next-generation jet

Associated Press Associated Press Sep 30, 08 6:15 PM CDT
(AP) - The Defense Department said today it wants to sell up to 75 fighter jets to Israel in a $15.2 billion deal for the aircraft expected to be the mainstay of air power in the US and several other nations for decades. The Defense Security Cooperation Agency said it notified Congress on Friday that Israel has asked to buy 25 of the F-35s made by Lockheed Martin Corp., with an option to buy an additional 50 at a later date. More »

More about:  Israel • Pentagon • fighter jet • Lockheed Martin

 US Arms Sales Skyrocket 

Some fear sparking 'arms race'

New York Times New York Times Sep 14, 08 8:26 CDT
(Newser) - Seeking to arm allies and contain countries like Iran and North Korea, the Bush Administration has significantly stepped up international weapons sales, the New York Times reports. The Defense Department will sell or transfer $32 billion in arms this year, particularly in the Middle East, compared to $12 billion two years ago. Some lawmakers fear the sales could threaten stability instead of bolstering it. More »

More about:  US military • Pentagon • Department of Defense • weapons • Lockheed Martin • arms race • arms exports

 Iraq Looks to Buy 
 F-16s  From US 

Advanced weaponry could speed American pullout

Wall Street Journal Wall Street Journal Sep 5, 08 8:36 CDT
(Newser) - Iraq’s military wants to buy 36 F-16 fighter planes from the US in an effort to cut its dependence on American air power, the Wall Street Journal reports. The multi-billion-dollar purchase could speed the withdrawal of US troops from Iraq, but neighboring nations may worry about the presence of such powerful weaponry in a still-shaky country. More »

More about:  Iraq • US military • Iraq pullout • fighter jet • Lockheed Martin

 Pentagon Big Guns Late,
 Way Over Budget 

Overruns hit $295B, says GAO report

Washington Post Washington Post Apr 1, 08 12:46 PM CDT
(Newser) - Some 95 of the Pentagon's biggest weapons systems are a total of $295 billion over budget and arrive an average of 2 years late, according to the Government Accountability Office. But GAO auditors say the Pentagon is getting sloppier, not better, reports the Washington Post . "It's taking longer and costing more," says a GAO director. More »

McCain Sucked
Into Boeing Battle

Campaign boss lobbied against Boeing for European Airbus

Associated Press Associated Press Mar 12, 08 4:30 CDT
(Newser) - John McCain is being dragged into the feud between Boeing and the Air Force, reports AP . A firm headed by McCain's campaign finance chairman, Tom Loeffler, was paid $220,000 to lobby on behalf of the Airbus, the successful European rival to Boeing's 767 fuel tanker. McCain had helped block an earlier, flawed Boeing contract for the tanker, and sent letters to the Pentagon in 2006 urging them to change bidding procedures that Airbus said were anticompetitive. More »

NASA Sees Minivan for Moon

The shuttle's replacement, due in 2015, will be a utilitarian craft

Fast Company Fast Company Dec 9, 07 11:30 CST
(Newser) - Engineers are busy at work building America's next spacecraft, the long overdue replacement of the 33-year-old shuttle, and NASA has this advice for those who can't wait to see the finished product: Think minivan, not Ferrari. Fast Company explores the work at Lockheed and finds the Orion to be utilitarian and reliable, with engineers embracing solutions of the past over razzle-dazzle sci-fi innovation. More »

More about:  NASA • space shuttle • Lockheed Martin • moon colonization • Apollo

F-15 Fleet Grounded After Crash

Officials worry structural defect may have triggered accident

Associated Press Associated Press Nov 6, 07 4:00 CST
(Newser) - The US Air Force has grounded all 676 F-15 fighter jets after a plane flown by a member of the Missouri Air National Guard crashed last week during a training exercise. Investigators believe the crash may have been caused by a structural defect.  A pilot whose name was not released safely ejected from the aircraft when it crashed. More »

More about:  Boeing • accident • Air Force • Lockheed Martin • F 16 • Air National Guard • F-15 fighter jet

FAA Chief Bails for Lobby Group

Latest official to leave administration joins powerful DC organization

Washington Post Washington Post Aug 23, 07 8:20 CDT
(Newser) - The top official of the Federal Aviation Administration is quitting to lead one of  Washington's most powerful lobbying organizations. Marion C. Blakey will head the Aerospace Industries Association, whose members include Boeing, General Dynamics, Lockheed Martin and most of the rest of the heavy hitters in civil and military aviation, and space and information technology, reports the Washington Post . More »

More about:  Boeing • FAA • Lockheed Martin • United Technologies • Marion C. Blakey

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