News: Lockheed Martin Corp (LMT)

LMT on New York Consolidated

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19 Dec 2014
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Mon, Dec 22 2014

Lockheed meets 2014 target for 36 F-35 deliveries-Pentagon

WASHINGTON - Lockheed Martin Corp met its target of delivering 36 F-35 fighter jets to the U.S. government in 2014, paving the way for the firm to collect most of the associated performance fees, a spokesman for the Pentagon's F-35 program office said Monday.

UPDATE 1-Lockheed meets 2014 target for 36 F-35 deliveries-Pentagon

WASHINGTON, Dec 22 - Lockheed Martin Corp met its target of delivering 36 F-35 fighter jets to the U.S. government in 2014, paving the way for the firm to collect most of the associated performance fees, a spokesman for the Pentagon's F-35 program office said Monday.

Pentagon says Lockheed met target for 36 F-35 deliveries in 2014

WASHINGTON, Dec 22 - Lockheed Martin Corp met its target of delivering 36 F-35 fighter jets to the U.S. government in 2014, paving the way for the firm to collect most of the associated performance fees, a spokesman for the Pentagon's F-35 program office said Monday.

Lockheed Martin to pay $27.5 million to settle gov't overbilling claims

WASHINGTON - A unit of Lockheed Martin Corp will pay $27.5 million to resolve allegations that it knowingly overbilled the U.S. government for work performed by certain employees who lacked the required job qualifications, the U.S. Department of Justice said on Friday.

Lockheed Martin to pay $27.5 mln to settle gov't overbilling claims

WASHINGTON, Dec 19 - A unit of Lockheed Martin Corp will pay $27.5 million to resolve allegations that it knowingly overbilled the U.S. government for work performed by certain employees who lacked the required job qualifications, the U.S. Department of Justice said on Friday.

South Korea balks as U.S. picks Japan, Australia to service F-35s in Asia

WASHINGTON/SEOUL - South Korea said on Thursday it will not send its F-35 fleet to Japan for heavy airframe maintenance, one of the two Asian hubs chosen by the United States to service the Lockheed Martin Corp stealth fighter.

UPDATE 3-S.Korea balks as U.S. picks Japan, Australia to service F-35s in Asia

WASHINGTON/SEOUL, Dec 18 - South Korea said on Thursday it will not send its F-35 fleet to Japan for heavy airframe maintenance, one of the two Asian hubs chosen by the United States to service the Lockheed Martin Corp stealth fighter.

S.Korea won't conduct F-35 fighter maintenance in Japan - official

SEOUL, Dec 18 - South Korea will not conduct maintenance of its new fleet of Lockheed Martin Corp F-35 fighters in Japan, a South Korean official said on Thursday, despite a new deal by the Pentagon to service the stealth jets in Asia.

UPDATE 1-Pentagon picks Japan, Australia to service F-35s in Asia

WASHINGTON, Dec 17 - The Pentagon on Wednesday said it chose both Japan and Australia to carry out heavy airframe maintenance for the Lockheed Martin Corp F-35 fighter jet in Asia, given the high cost of transporting jets across vast distances in the region.

Pentagon upbeat Lockheed will deliver 36 F-35s in 2014 as planned

WASHINGTON - Lockheed Martin Corp is on track to deliver all 36 F-35 fighter jets planned in 2014, the Pentagon's F-35 program manager told reporters on Wednesday.

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