The Pentagon has started a daily dialogue with its top vendors as it attempts to measure and mitigate the impact of the COVID-19 crisis on the defense industry. Meanwhile, Boeing and Lockheed Martin said production on major acquisition systems like the KC-46 tanker and F-35 ...
Marillyn Hewson is stepping aside as head of Lockheed Martin, to be succeeded by board member James Taiclet, while Frank St. John steps up to be Chief Operating Officer. Taiclet is a graduate of the U.S. Air Force Academy with degrees in engineering and international ...
Boeing has incurred another $148 million in losses for its KC-46 tanker program due to higher than expected manufacturing costs, as the company works with the Air Force to address continued deficiencies in the tanker’s capabilities. The company disclosed the losses in a Jan. 31 ...