The Pentagon needs a new acquisition system—parallel to the one that takes years to develop new physical platforms like airplanes and ships—to achieve the speed needed to achieve deterrence, Lockheed Martin CEO Jim Taiclet said this week.
Lockheed Martin suggested the long-term sales prospects for the F-35 are uncertain amid worries DOD may begin to pivot away from the program.
Negotiations over the next three-year lot of F-35s have gone on six months longer than expected because the government and Lockheed Martin are having a hard time agreeing on common numbers for inflation and because of COVID-related supply chain costs, company officials said. However, with foreign orders, ...
A downturn in defense spending may create some “attractive” pricing on companies Lockheed Martin may want to acquire, and it has the cash to pick up some bargains, company President and Chief Executive Officer James D. Taiclet said in a second-quarter earnings call July 21. ...