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Lockheed Martin Corp. has been under a watchful eye of U.S. President-elect Donald Trump over the cost of the F-35 fighter jet. But despite the heat the defense giant is getting, it managed to scoop up a contract for more work on the aircraft.
Bethesda, Md.-based Lockheed Martin won a $19.3 million contract from the U.S. Navy on Dec. 29. Work includes delivering and installing a deployable mission rehearsal trainer in support of the F-35 Lighting II Joint Strike Fighter aircraft. More than 90 percent of the work will be completed in Orlando and has an April 2019 completion date.
Lockheed Martin's F-35 program, which kicked off in 2006 and cost more than $1 trillion, is marked as the most expensive military weapons system in history. While the program has been criticized before, flames were rekindled when Trump tweeted that based on the cost of the program, he's asked Lockheed Martin's rival defense firm Boeing to "price-out a comparable F-18 Super Hornet" aircraft.
However, Trump's proposal may not cause the U.S. military to second-guess the F-35, especially since the aircraft was deemed combat ready and multiple orders have come in for it. Current plans call for 1,763 deliveries of the U.S. Air Force variant, 369 of the Navy variant and 311 of the Marine Corps variant. Another 697 are expected to be delivered to 11 international customers.
An F-35 can cost anywhere from $98 million to $116 million each, according to Lockheed Martin's website.
Lockheed Martin (NYSE: LMT) has two major locations in Orlando totaling more than 7,000 workers. Much of the work for the F-35 has taken place in the city as well. Losing work from the F-35 would be a hit for Lockheed Martin locally. However, work for Boeing's F-18 also takes place in Orlando.
Chicago-based Boeing Co. (NYSE: BA) won an $82 million contract with the the U.S. Navy on Dec. 15.Most of the work will take place in Orlando, where the company has a major facility at 13501 Ingenuity Drive. Contract work details developing 12 infrared search and track systems (IRST) F/A-18E/F aircraft, also known as the Super Hornet fighter jet. The IRST is a detection system that targets airborne vehicles in a radar-denied environment. The contract has a January 2020 completion date.
http://www.bizjournals.com/orlando/...ps-tweets-lockheed-martin-lands-19-3m.html#g1
Bethesda, Md.-based Lockheed Martin won a $19.3 million contract from the U.S. Navy on Dec. 29. Work includes delivering and installing a deployable mission rehearsal trainer in support of the F-35 Lighting II Joint Strike Fighter aircraft. More than 90 percent of the work will be completed in Orlando and has an April 2019 completion date.
Lockheed Martin's F-35 program, which kicked off in 2006 and cost more than $1 trillion, is marked as the most expensive military weapons system in history. While the program has been criticized before, flames were rekindled when Trump tweeted that based on the cost of the program, he's asked Lockheed Martin's rival defense firm Boeing to "price-out a comparable F-18 Super Hornet" aircraft.
However, Trump's proposal may not cause the U.S. military to second-guess the F-35, especially since the aircraft was deemed combat ready and multiple orders have come in for it. Current plans call for 1,763 deliveries of the U.S. Air Force variant, 369 of the Navy variant and 311 of the Marine Corps variant. Another 697 are expected to be delivered to 11 international customers.
An F-35 can cost anywhere from $98 million to $116 million each, according to Lockheed Martin's website.
Lockheed Martin (NYSE: LMT) has two major locations in Orlando totaling more than 7,000 workers. Much of the work for the F-35 has taken place in the city as well. Losing work from the F-35 would be a hit for Lockheed Martin locally. However, work for Boeing's F-18 also takes place in Orlando.
Chicago-based Boeing Co. (NYSE: BA) won an $82 million contract with the the U.S. Navy on Dec. 15.Most of the work will take place in Orlando, where the company has a major facility at 13501 Ingenuity Drive. Contract work details developing 12 infrared search and track systems (IRST) F/A-18E/F aircraft, also known as the Super Hornet fighter jet. The IRST is a detection system that targets airborne vehicles in a radar-denied environment. The contract has a January 2020 completion date.
http://www.bizjournals.com/orlando/...ps-tweets-lockheed-martin-lands-19-3m.html#g1
