All
 

 

Just in:  

You are here: Home»Business»Industries & Sectors»Lockheed seeks contract for fifth batch of F-35 jets by year end

f-3WASHINGTON: Lockheed Martin Corp , the Pentagon's No. 1 supplier, on Friday said it was aiming to wrap up lengthy negotiations about a fifth batch of F-35 fighter jets by the end of the year.

Lockheed Chief Executive Robert Stevens told a Morgan Stanley investor conference that negotiations with the US Defense Department were ongoing, but an agreement could be reached by the end of the year.

"I think it's possible that we can do that," Stevens said.

The contract discussions between Lockheed and the Pentagon began in December 2011 and have dragged on much longer than initially expected, with government officials insisting on extremely detailed pricing data.

A deal had appeared near during the company's second quarter earnings call, when Chief Financial Officer Bruce Tanner told analysts that he expected a deal "in the not-too-distant" future.

Stevens gave no further details on the contract talks, but said Lockheed was making progress on testing the aircraft, and was working to resolve lingering challenges on the sophisticated helmet that will be used by F-35 pilots and the complex software required for the program.

He said Lockheed had delivered 16 of the 30 jets it was due to deliver this year, and was continuing to press for additional international orders to help drive down the overall cost of the program.

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln