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Strike Fighter

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NEWS
By Jeffrey Record | December 4, 1996
IN A MOVE toward awarding the most lucrative military contract in history, the Defense Department recently selected Lockheed Martin and Boeing as the final competitors for the supersonic, radar-eluding -- yet frugal -- "Joint Strike Fighter," with the winner to be selected in 2001.The decision underscores the Pentagon's commitment to stringent budgetary discipline and a revival of the old idea of producing a single plane that the Air Force, Navy, and Marine Corps can all use.Avoidable cost overruns and sloppy management have been common features of defense contractor performance in recent decades.
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NEWS
June 24, 2013
U.S. Sen. Barbara Mikulski deserves praise for trying to reduce the claims backlog at the Department of Veterans Affairs ("Senate committee taking up VA claims backlog," June 18). Congress should also work on repealing sequestration, which is hurting veterans in particular. Due to the sequester, veterans are being shut out of understaffed Tricare clinics that have furloughed medical staff. Sixty thousand homeless veterans are losing federal housing aid. And children attending military operated schools are losing critical school days.
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BUSINESS
BY A SUN STAFF WRITER | October 20, 1996
Three aerospace giants are competing to build the Joint Strike Fighter, a next-generation warplane that not only could be used by the Air Force but could fly from aircraft carriers for the Navy and land and take off vertically for the Marines and the British Royal Navy. Lockheed Martin Corp. of Bethesda, McDonnell Douglas Corp. of St. Louis and Boeing Co. of Seattle have all fielded entries in the competition, and sometime in the middle of next month the government will tell two of them to build prototypes.
NEWS
By David Wood and David Wood,david.wood@baltsun.com | April 7, 2009
WASHINGTON - Streamlining and restructuring military spending for conflicts like Afghanistan, Defense Secretary Robert M. Gates proposed on Monday adding special force troops, cyber-war capabilities, theater missile defense systems to protect troops and unmanned aerial vehicles while slashing some big-war, big-ticket programs such as the supersonic stealth F-22 fighter made by Lockheed Martin of Bethesda. The proposed cancellation of the F-22 production line, which had long been expected, potentially threatens about 625 jobs in Maryland at Lockheed Martin and some subcontractors, according to Lockheed.
BUSINESS
By BLOOMBERG NEWS | November 5, 2004
WASHINGTON - Lockheed Martin Corp. received approval from the U.S. Department of Defense yesterday to move forward with development of the Joint Strike Fighter, the Pentagon's most costly weapon ever. Michael Wynne, acting undersecretary of defense for acquisition, approved the "path forward" for the program, and designs of short takeoff and vertical landing variants of the aircraft, in a memorandum, the Pentagon said. The decision moves the $244 billion development program a step closer to production of the fighters, a family of aircraft intended to have about 80 percent common parts for use by the Air Force, Navy, Marine Corps and allied nations.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | February 26, 1997
Locked in a ferocious race to win the heftiest warplane contract ever, Lockheed Martin Corp. said yesterday that it would team with IBM and Dassault Systems of France to pump up its computerized aircraft design system.The Bethesda company also landed a handful of government contracts yesterday, including a $93.8 million award from the Army for Longbow radar units for the Apache attack helicopter.That contract goes to a joint venture with the Linthicum division of Northrop Grumman Corp., which will perform half the work.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | June 23, 2000
The Pentagon won't abandon the winner-take-all design competition for the largest aircraft contract in its history, officials announced yesterday, setting up a showdown between defense giants Lockheed Martin Corp. and Boeing Co. that could determine each company's future in the fighter aircraft business. The Department of Defense had considered dividing the contract for a new Joint Strike Fighter, worth $200 billion to $400 billion over the next two decades, because of concerns that the loser might be forced out of the business.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | February 4, 1997
Underscoring its resolve to be a force in military aviation, Boeing Co. said yesterday that it will team with McDonnell Douglas Corp. on the Joint Strike Fighter warplane program even if the pending merger of the two companies falls through.The Pentagon cut McDonnell Douglas out of the competition for the Joint Strike Fighter in November, leaving Boeing and Bethesda's Lockheed Martin Corp. to duke it out for what could be the biggest military contract ever, at more than $200 billion.Most analysts say the Pentagon's decision shoved McDonnell Douglas into the arms of Boeing, which announced the following month that it was buying its former competitor for $14 billion.
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 Bloomberg News | March 12, 2008
WASHINGTON -- Lockheed Martin Corp.'s Joint Strike Fighter, already the most expensive weapons program ever, is projected to increase in price by as much as $38 billion, congressional auditors said yesterday. That would bring the cost to develop and build 2,458 U.S. aircraft to $337 billion, 45 percent above the estimate when the program started in October 2001. "Midway through development, the program is over cost and behind schedule," Michael J. Sullivan, who tracks the program for the Government Accountability Office, told two panels of the House Armed Services Committee that oversee military spending.
BUSINESS
By BLOOMBERG NEWS | December 16, 2006
FORT WORTH, Texas --Lockheed Martin Corp.'s F-35 Lightning II jet fighter, the largest U.S. weapons program ever, successfully completed its first test flight yesterday, which may help pave the way for foreign sales of the aircraft. After a five-year development effort, Lockheed chief pilot Jon S. Beesley took the F-35 on a maiden flight that lasted 35 minutes, said Thomas Jurkowsky, a Lockheed spokesman. The plane was once known as the Joint Strike Fighter to reflect its many international partners.
BUSINESS
By PAUL ADAMS and PAUL ADAMS,SUN REPORTER | October 14, 2005
Northrop Grumman Corp., which employs 9,000 in Maryland, said yesterday that it is eliminating about 400 manufacturing jobs at its Linthicum campus, where the defense contractor develops and builds radar systems and a host of electronic sensors and networks that act as the eyes and ears for the U.S. military. Northrop said it would offer about 1,000 employees a voluntary severance package including up to 50 weeks pay, depending on years of service. If fewer than 400 volunteers take the buyout, the company will institute involuntary layoffs.
BUSINESS
By BLOOMBERG NEWS | November 5, 2004
WASHINGTON - Lockheed Martin Corp. received approval from the U.S. Department of Defense yesterday to move forward with development of the Joint Strike Fighter, the Pentagon's most costly weapon ever. Michael Wynne, acting undersecretary of defense for acquisition, approved the "path forward" for the program, and designs of short takeoff and vertical landing variants of the aircraft, in a memorandum, the Pentagon said. The decision moves the $244 billion development program a step closer to production of the fighters, a family of aircraft intended to have about 80 percent common parts for use by the Air Force, Navy, Marine Corps and allied nations.
BUSINESS
By BLOOMBERG NEWS | April 23, 2003
Lockheed Martin Corp. said yesterday that its first-quarter earnings rose 15 percent because revenue poured in from contracts to develop new warplanes. The Bethesda-based defense contractor said its net income rose to $250 million, or 55 cents a share, from $218 million, or 49 cents, in last year's first quarter. Sales jumped 18 percent to $7.05 billion, Lockheed said. Lockheed's revenue was generated mainly from development of the F/A-22 and F-35 Joint Strike Fighter jet programs. The company's warplanes are winning orders and helping Lockheed turn the corner after combined losses of $1.57 billion in 2000 and 2001.
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 Greg Schneider and Greg Schneider,SUN STAFF | May 25, 1997
Marilyn Manson could play the Peabody Conservatory and get better reviews than the Pentagon got last week with its much-anticipated blueprint for the future of the military.But regardless of how "deficient," "failed," "inadequate," "mismanaged" or otherwise offensive you find the Pentagon study -- and you can pretty much mix and match analysts and pejoratives -- the Quadrennial Defense Review offers a broad look at where the defense industry could be headed.Big future winners: Star Wars-style missile defense programs, companies that provide electronics and digital information technology, and whatever company is chosen in 2001 to build a mass-produced warplane called the Joint Strike Fighter.
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 | 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.
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