NEWS
By Alan C. Miller and Kevin Sack and Alan C. Miller and Kevin Sack,SPECIAL TO THE SUN | December 15, 2002
YUMA, Ariz. - In the entire U.S. arsenal, only the Marine Corps' Harrier attack jet can lift straight up off a runway, hover like a hummingbird, then blast off toward its target. Though many had died flying it, Lt. Col. Peter E. Yount never thought the plane would let him down. "Difficult but honest," he called it. But in 1998, the Harrier betrayed him - not once, but twice. High above the Southern California desert, the plane's engine quit and refused to restart. Then, when Yount ejected, his seat rotated out of position and his parachute harness smacked violently against his helmet.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | November 4, 2001
Wings from Texas will make the Pentagon's new jet fighter fly. A fan from Indiana will make it hover. An engine from Connecticut will take it supersonic, while a tail from England keeps it straight. And just south of Baltimore, inside the off-ramp industrial campus of Northrop Grumman Corp.'s Electronic Systems sector, a team of engineers will teach the Joint Strike Fighter how to see and hear. The former Westinghouse plant in Linthicum is already one of the nation's leading designers and manufacturers of airborne military electronics.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | October 27, 2001
Lockheed Martin Corp. reported a $213 million third-quarter profit yesterday, continuing its trend of cutting expenses, reducing debt and earning more money than analysts expected. Buoyed by an increase in rocket launches and aircraft deliveries, the Bethesda defense contractor also announced that it expects to earn more money for the full year than originally anticipated. "This company looks good - a little better, even, than everyone thought," said Paul Nisbet, an analyst for JSA Research Inc. Lockheed Martin earned 49 cents per share during the three months that ended Sept.
NEWS
By Robert Little and Robert Little,SUN STAFF | October 27, 2001
The Pentagon selected Lockheed Martin Corp. to design and build the nation's newest fighter jet yesterday, handing Maryland's defense giant what could be the largest and most lucrative government contract ever awarded. The Joint Strike Fighter, to be built on Lockheed Martin's Fort Worth, Texas, assembly line, could reap $200 billion in sales for the Bethesda-based corporation - and nearly double that amount when foreign sales are considered. The company expects to hire 2,500 new employees, eventually dedicating 11,000 or more workers solely to making the Pentagon's fighter jet of the future.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | October 25, 2001
The airplanes are in "warm storage," destined for either more testing or an early grave. The employees are waiting, mostly. The $2 billion down payment, spent. Lockheed Martin Corp. and Boeing Co. expect to learn tomorrow which of the defense industry giants will build the Joint Strike Fighter - perhaps the last manned jet fighter that the United States will ever build. The winner will hire thousands of workers, build 3,000 or more airplanes and reap at least $200 billion in sales. Foreign sales could push the figures even higher.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | October 11, 2001
As the Pentagon prepares to pick a sole winner in its $300 billion contest to design and build the nation's newest jet fighter, some members of Congress are renewing the call for multiple winners instead, saying the United States must preserve its defense industry now more than ever. The Department of Defense is sticking with its winner-take-all strategy as it prepares to announce Oct. 26 whether Lockheed Martin Corp. of Bethesda or Boeing Co. will build the Joint Strike Fighter, a multiservice jet fighter.