Jim Taiclet first announced what he then called a “Ferrari” version of the F-35 in April, just weeks after Lockheed lost out on the Air Force’s Next Generation Air Dominance contract to Boeing.
Lockheed incurred a $950 million loss on a classified fixed-priced aeronautics program, as well as other loss on foreign helicopter projects.
CDAO’s Advana data analytics platform is ingesting data from about 500 DoD business systems.
A letter from Lockheed Martin's CEO to the Air Force, obtained by Breaking Defense, warns of "risks" to radar delivery schedule, raising questions about future lots.
“We could make the F-35 pilot optional over a relatively modest time frame based on a lot of the development we've done” for sixth-generation fighter competitions, Lockheed Martin CEO Jim Taiclet said.
The six largest US defense firms all reported quarterly results this week, and the potential impact of tariffs was front and center.
"My challenge here on my aeronautics team is, let's get 80 percent of six-gen capability at half the price," said Lockheed CEO Jim Taiclet.
Explore how networked warfare, AI, and 3D-printed drones are reshaping US Indo-Pacific strategy.
Throughout his 26 years at Lockheed Martin, Scott has largely held positions in the finance realm, including as the company’s treasurer and as chief financial officer of two business units.
The world’s largest defense contractor recorded total year end losses of $1.4 billion on a classified program in its missiles and fire control (MFC) portfolio as well as $555 million overrun on a program in its aeronautics division, Lockheed said in a news release.
Lockheed CEO Jim Taiclet said it was “essential for the health of [its] lower tier suppliers” to keep F-35 production going at pace, even if the company has to use its own money for now.
Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe.
As aircraft shrink, threats expand, and technology accelerates, aircraft engines must iterate along with the threats.
As many as 120 F-35s could be “undelivered” in 2024 as a result of delays with the stealth fighter's Technology Refresh 3 upgrade, according to Lockheed Martin Chief Financial Officer Jay Malave.
"How in the hell do you lose an F-35?"
"This is a broad and in a way campaign-like approach to strengthening our own supply chain and enabling multiple sources, really for even beyond our company for our industry, which I think is important," Lockheed Martin CEO Jim Taiclet said of his firm's endeavor to field a new solid rocket motor supplier.
After failed bid to buy Aerojet Rocketdyne, Lockheed is “endeavoring... to create another supplier,” CEO Jim Taiclet told lawmakers.