Northrop not seeking direct DoD investment for solid rocket motors, but suppliers might: CEO
“There's just a lot of strategic synergy in those parts of our portfolio that we want to maintain ownership structure of,” said Northrop CEO Kathy Warden.
Lockheed, Pentagon ink plan to boost THAAD interceptor production
Once finalized, the agreement will allow THAAD interceptor production to grow from its current rate of 96 missiles a year to an annual rate of 400 interceptors.
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3D vision is redefining how drones navigate without GPS
As “dirty” RF and contested environments proliferate, autonomy increasingly depends on resilient positioning.
Lockheed CEO says firm in ‘very active’ talks with DoD on ‘Ferrari’ F-35 with sixth-gen tech
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 records $1.6B in losses, mostly linked to continued strife on classified aero program
Lockheed incurred a $950 million loss on a classified fixed-priced aeronautics program, as well as other loss on foreign helicopter projects.
EXCLUSIVE: Eyeing risk of radar ‘delays,’ Lockheed proposes new F-35 fuselage design
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.
Lockheed has path to pilot-optional F-35, CEO says
“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.
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Why enterprise IT modernization matters now – and how to “delight by design”
Do more with less: streamline workflows, reduce duplication, invest upfront to save long-term.
Top US defense primes record minimal tariff impact in Q1 earnings
The six largest US defense firms all reported quarterly results this week, and the potential impact of tariffs was front and center.
Lockheed won’t protest NGAD loss, instead pitches new, ‘fifth-gen plus’ version of F-35 fighter
"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.
Lockheed Martin names company veteran Evan Scott as new CFO
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.
Lockheed hit by $2B in charges on 2 classified programs
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.
Modernizing defense enterprise IT without disrupting the mission
Government can’t stop to update systems, so modernization has to happen without interruptions.
Prolonged F-35 negotiations take a bite out of Lockheed Martin’s third quarter results
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 Martin projects potential $1 billion loss on classified program
Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe.
Lockheed expects more F-35 upgrade delays, tempering 2024 deliveries
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.
From a suspected spy balloon to a missing plane: 5 air warfare stories from 2023
"How in the hell do you lose an F-35?"