Lockheed Martin officials have been sweating bullets over the last few weeks, as lawmakers bandied talk of wide-ranging budget cuts to fund the huge hurricane relief effort. Talk naturally turned to defense programs, including the company’s venerated Joint Strike Fighter program. But F-35 Program Vice President Tom Burbage tells the Fort Worth Star-Telegram that despite the probable reduction in the number of aircraft the US military may purchase, the cost of the fighter will remain steady. Burbage doesn’t think cuts this early in the program would affect production rates. “We think the front end will remain pretty stable,” he said.
Boeing Claims Progress on T-7 and Other Challenged Programs
April 25, 2025
Boeing appears to have become to overcome the problems that led to billions in losses on fixed-price defense contracts in recent years, point the company back toward profitabily, says Boeing president and CEO Kelly Ortberg.