Releases
Releases
In this section of the Lockheed Martin Newsroom, you'll find our news releases. The releases are listed in chronological order and are archived by year.
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Apr 4, 2002
On Mar. 29, Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corporation , received a contract valued at approximately $200 million from Mitsubishi Heavy Industries (MHI) to...
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Mar 28, 2002
Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , announced today that Mike Cosentino has been named director of Joint Strike Fighter International Programs. In...
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Mar 27, 2002International Team Includes IZAR of Spain and Lockheed Martin and General Dynamics Bath Iron Works of USA
The Advanced Frigate Consortium (AFCON) announced today its intention to design, develop and market a new class of corvette-size ships to meet the emerging needs of international navies. The AFCON...
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Mar 21, 2002
The Patriot Advanced Capability-3 (PAC-3) Missile successfully intercepted and destroyed an incoming tactical ballistic missile (TBM) target at White Sands Missile Range, N.M., on Thursday. This...
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Mar 10, 2002
Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , is disappointed in the decision of employees represented by Local 709, International Association of Machinists...
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Mar 8, 2002
Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , announced today that the five C-130J-30 transport aircraft appropriated in the 2002 U.S. defense budget have...
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Mar 4, 2002
Lockheed Martin and venture partner, Alenia Aeronautica, were advised Friday that the Hellenic government has selected the C-27J Spartan for its new Greek Medium Range Transport Aircraft (MRTA)...
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Mar 1, 2002
Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. -led F-22 Raptor industry team has received a $215.3 million contract from the U.S. Air Force to purchase long-lead items...
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Mar 1, 2002
Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. , was awarded an approximately $69M post-production support contract effective March 1 to support the worldwide F-16...
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Feb 28, 2002
Tom Burbage, general manager of the Lockheed Martin F-35 Joint Strike Fighter program and executive vice president of Lockheed Martin Aeronautics Company, a business area of Lockheed Martin...
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Feb 28, 2002
The unique propulsion system that enables one of the Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , Joint Strike Fighter variants to hover, travel at...
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Feb 12, 2002
The Lockheed Martin -led F-22 Raptor industry team has delivered the latest integrated avionics software package -- Block 3.1 -- to the program's Combined Test Facility at Edwards Air Force Base,...
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Feb 12, 2002
The Lockheed Martin -led F-22 Raptor industry team has received a $2.681 billion contract from the U.S. Air Force to build 13 additional air dominance fighter jets and to execute other activities...
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Feb 8, 2002
The Lockheed Martin -led F-22 Raptor industry team today both formally donated, and officially dedicated, a 1/10th scale model of the air dominance fighter jet to the City of Montgomery for...
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Feb 7, 2002
The Lockheed Martin Joint Strike Fighter team today enthusiastically welcomed the announcement of Canada's participation in the JSF program. Canada joins JSF in the System Development and...
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Feb 2, 2002
Officials of the government of Chile signed a letter of offer and acceptance (LOA) yesterday for 10 F-16C/D aircraft, according to Lockheed Martin Aeronautics Company, a business area of Lockheed...
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Jan 29, 2002
Close cooperation between Lockheed Martin Aeronautics Company and the U.S. Air Force enabled the Ogden Air Logistics Center (ALC) to complete modification of the first U.S. Air Force aircraft in...
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Jan 25, 2002
Reported 2001 Earnings Per Share From Continuing Operations of $0.18 Including $1.42 of Nonrecurring and Unusual Losses Generates Record Free Cash Flow of $2.0 Billion and Reduces Debt By $2.4...
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Jan 24, 2002- Program on Track for First Flight Later This Year
The team of Korea Aerospace Industries (KAI) and Lockheed Martin Aeronautics Company began static loads testing on the T-50 Golden Eagle advanced jet trainer on schedule on Jan. 2, an essential...
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Jan 23, 2002
Lockheed Martin Aeronautics Company was awarded a contract on Jan. 18 for delivery of F-16 modification kits that will significantly upgrade the capability of F-16s used by air forces in several...
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Dec 20, 2001
Lockheed Martin Aeronautics Company today wrapped up the C-130J transport program for 2001 with the delivery of the 15th and final aircraft of the year. The aircraft, a standard-length C-130J, was...
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Dec 20, 2001
Lockheed Martin Aeronautics received a contract for 52 F-16 aircraft for Israel on Dec. 19, 2001, significantly extending the firm F-16 production base. The Foreign Military Sales (FMS) contract...
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Dec 18, 2001
The Lockheed Martin C-130J has again proved its outstanding tactical capabilities during trials in conjunction with the Royal Air Force. A joint RAF/Lockheed Martin team recently completed a...
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Dec 6, 2001
Lockheed Martin Aeronautics Company was awarded a $1.1 billion contract on December 5 by the US Air Force to begin the System Development and Demonstration (SDD) phase of the Air Force's C-5...
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Dec 2, 2001
Lockheed Martin formally delivered the first C-130J-30 for the U.S. Air Force during ceremonies today in Rhode Island. The 143rd Airlift Wing, the Air National Guard Unit based at Quonset State...
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Nov 6, 2001
Lockheed Martin's C-130 modification and upgrade business continues to grow, as the Swedish Air Force recently signed a contract to convert one of its C-130E Hercules transports to an aerial...
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Nov 1, 2001
On Friday, October 26, Lockheed Martin received a $18.9 billion contract for the Joint Strike Fighter to move the program into the next phase, System Development and Demonstration (SDD). "We've...
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Oct 31, 2001
The first T-50 Golden Eagle aircraft, an advanced, supersonic trainer being developed by Korea Aerospace Industries (KAI) with the assistance of Lockheed Martin, was rolled out in a ceremony in...
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Oct 29, 2001Training, Weapons Systems and Support Areas Are Worth More Than $1 Billion to Orlando Facilities
Lockheed Martin's Central Florida businesses expect to gain new work worth more than $1 billion as a result of the Lockheed Martin-led team's win of the Joint Strike Fighter (JSF) aircraft...
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Oct 26, 2001
The Pentagon today announced that an international team led by Lockheed Martin has won the competition to build the Joint Strike Fighter (JSF), a stealthy, supersonic, multirole fighter designed...
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Oct 26, 2001
At 4:30 p.m. EDT (3:30 p.m. CDT; 2:30 p.m. MDT; 1:30 p.m. PDT; and 9:30 p.m. GMT) on Friday, Oct. 26, the U.S. Government will announce the winner of the Joint Strike Fighter (JSF) competition,...
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Oct 26, 2001* Raises 2001 and 2002 Recurring Earnings Per Share Outlook
* Increases 2001 Free Cash Flow Guidance to at Least $2 Billion * Improves Net Debt to Capitalization Ratio to 43 Percent BETHESDA, Md., Oct. 26 /PRNewswire/ -- Lockheed Martin Corporation today...
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Oct 19, 2001
The Patriot Advanced Capability-3 (PAC-3) Missile program completed Developmental Testing today by intercepting and destroying an advanced cruise missile target at White Sands Missile Range, N.M....
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Oct 3, 2001
Lockheed Martin Missiles and Fire Control was awarded a $47 million contract by the Aeronautical Systems Center at Eglin Air Force Base, Fla. for the System Design and Development Phase of the...
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Sep 25, 2001
Lockheed Martin has begun the delivery of C-130J aircraft with a new software configuration that brings the aircraft's avionics system to full functionality. Known as Block 5.3, the new software...
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Sep 6, 2001
Lockheed Martin Aeronautics Company recently completed the first phase of flight testing of its new conformal fuel tanks (CFTs) for its F-16 multirole fighter. Flight testing with aerodynamic...
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Sep 5, 2001
Israel signed an amendment to a letter of offer and acceptance (LOA) with the U.S. government for 52 more Lockheed Martin F-16I fighters on September 4. This agreement follows the announcement at...
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Sep 5, 2001
Lockheed Martin has delivered the first three fully configured KC-130J tanker aircraft to the United States Marine Corps. These aircraft, the first of seven to be delivered this year, will be...
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Aug 28, 2001
Lockheed Martin has begun a joint test program with the U.S. Air Force and the U.S. Army to validate the C-130J-30 for paratroop airdrop operations. The tests are being conducted by the Airborne...
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Aug 22, 2001
The Egyptian Air Force (EAF) celebrated arrival of its first four F-16s of its sixth F-16 program during ceremonies at Gianaklis Air Base on August 19. "We are glad to participate in this...
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Aug 20, 2001Follow-On Orders for Sniper XR Could Total Billions
The U.S. Air Force today announced Lockheed Martin's Sniper XR (eXtended Range) system as the winner of its Advanced Targeting Pod (ATP) competition. This 7-year contract with potential value in...
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Jul 27, 2001
Lockheed Martin successfully completed U.S. Air Force airdrop testing last week with a fleet of three extended fuselage length, or "stretched," C-130J-30s at the Air Force Flight Test Center at...
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Jul 26, 2001* Raises 2001 and 2002 Recurring Earnings Per Share Outlook
* Increases 2001 Free Cash Flow Guidance to at Least $1 Billion * Improves Net Debt to Capitalization Ratio to 50.5 Percent BETHESDA, Md., July 26 /PRNewswire/ -- Lockheed Martin Corporation today...
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Jul 24, 2001
Lockheed Martin Aeronautics has shipped the first eight modification kits for the U.S. Air Force's Common Configuration Implementation Program (CCIP). CCIP is the most extensive retrofit of the...
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Jul 9, 2001
Lockheed Martin's Patriot Advanced Capability-3 (PAC-3) Missile program achieved major system success today at White Sands Missile Range, N.M. by meeting two key flight test milestones. The first...
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Jun 28, 2001
Lockheed Martin Aeronautics Company yesterday began full scale fatigue testing (FSFT) of a U.S. Navy S-3 Viking anti-submarine warfare (ASW) aircraft at its facility here. "This marks an important...
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Jun 21, 2001
Lockheed Martin today delivered the 25th C-130J airlifter to the United Kingdom's Royal Air Force. This completes deliveries under the current production contract. The first aircraft was delivered...
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Jun 21, 2001
Lockheed Martin today delivered the 25th C-130J airlifter to the United Kingdom's Royal Air Force. This completes deliveries under the current production contract. The first aircraft was delivered...
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Jun 20, 2001'Power By Wire' Flight Controls Will Reduce Life Cycle Costs and Improve Performance, Safety and Survivability
A team led by Lockheed Martin Aeronautics company has received Flight International magazine's 2000 Aerospace Industry Award for Engineering, Maintenance and Modification. The award was presented...
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Jun 19, 2001
The Government of Israel has reached an understanding with Lockheed Martin Aeronautics Company to purchase more than 50 additional F-16 aircraft. The aircraft are being purchased in a follow-on...
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Jun 6, 2001
Lockheed Martin has ferried the first three US Air Force C-130J-30s to the Air Force Flight Test Center at Edwards AFB, Calif., to begin airdrop testing. The testing will demonstrate and certify...
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Jun 4, 2001
Lockheed Martin today released its press-briefing schedule for the Paris Air Show. All briefings will take place at the company's business chalet press center located in Row A, Chalet 400, unless...
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May 15, 2001
Business representatives from Canada, Denmark, Italy, The Netherlands, Norway and Turkey visited Fort Worth today to prospect for potential roles in the Lockheed Martin Joint Strike Fighter...
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Apr 24, 2001* Generates $1.4 Billion of Free Cash Flow
* Reaffirms 2001 Free Cash Flow Guidance of at Least $800 Million; Free Cash Flow Estimate of at Least $1.8 Billion for the Two Years 2001 And 2002 Combined * Reaffirms 25 - 30 Percent Increase in...
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Apr 3, 2001
Mitsubishi Heavy Industries (MHI), the prime contractor for Japan's new F-2 support fighter, has awarded a fifth annual contract to Lockheed Martin Aeronautics Co. for tasks in the manufacture of...
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Mar 27, 2001
The Lockheed Martin C-130J airlifter is now being equipped with a new software configuration that brings the aircraft's avionics system to full functionality. Known as Block 5.3, the new software...
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Mar 15, 2001
The following was released today by Lockheed Martin Aeronautics Company: On March 15, Italy signed an agreement for the lease of 34 F-16s from the U.S. Air Force inventory and a Letter of Offer...
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Mar 5, 2001
The U.S. Navy on Monday awarded Lockheed Martin Aeronautics Company the S-3B Viking Prime Vendor Support (PVS) contract valued at $43 million. The five-year contract includes in-service...
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Feb 14, 2001
The Lockheed Martin Joint Strike Fighter (JSF) team has selected its preferred windtunnel test facilities for the program's Engineering and Manufacturing Development (EMD) phase. The chosen...
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Feb 7, 2001
Lockheed Martin has submitted to the U.S. government its Joint Strike Fighter (JSF) team proposal for the decade-long JSF Engineering and Manufacturing Development (EMD) contract. Company...
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Feb 5, 2001
Lockheed Martin program managers and business development executives representing a broad range of aeronautics and systems integration programs will be available to the news media during the 5th...
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Feb 5, 2001
Lockheed Martin has completed assembly of the first C-130J-30 for the U.S. Air Force (USAF). The aircraft was rolled out of the company's main production building on Jan. 25. This aircraft is the...
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Feb 1, 2001
The Joint Strike Fighter (JSF) X-35C carrier variant (CV) began a series of supersonic envelope-expansion flights on Jan. 31, becoming the second Lockheed Martin JSF demonstrator to exceed the...
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Jan 29, 2001
The U.S. Air Force recently issued an expanded operational release for the Lockheed Martin C-130J that dramatically increased the airlifter's approved capabilities. Under this release, which was...
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Jan 25, 2001Fourth Quarter 2000 Achievements
In announcing fourth quarter 2000 earnings, the Corporation cited additional events, program awards and Mission Success achievements during the quarter with positive implications for Lockheed...
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Jan 25, 2001
* Generates Record Free Cash Flow of $1.8 Billion for Full Year; Free Cash Flow for 2001 Expected to be at Least $800 Million; Free Cash Flow Estimate of at Least $1.8 Billion For the Two Years...
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Jan 16, 2001
Lockheed Martin Aeronautics Company and Korea Aerospace Industries (KAI) announced the beginning of final assembly for the first T-50 prototype aircraft. A formal ceremony celebrating this...
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Jan 10, 2001
The following was released today by Lockheed Martin Aeronautics Company: F-16 serial number 75-0750 has completed a distinguished career as an advanced technology test aircraft for more than 22...
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Jan 5, 2001
The United States Navy got its first hands-on evaluation of the Lockheed Martin Joint Strike Fighter (JSF) X-35C carrier variant (CV) on Dec. 22, as Navy pilot Lt. Cmdr. Brian Goszkowicz logged...
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Jan 3, 2001
The U.S. Air Force has placed an order with Lockheed Martin Aeronautics Company for four additional F-16 aircraft that were funded in the Fiscal Year 2001 Defense Appropriations Act. The contract...
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Dec 27, 2000
After an intense four-year competition, the Government of Chile announced today its decision to purchase 10 to 12 new production Lockheed Martin F-16 Fighting Falcon aircraft. Chile will become...
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Dec 20, 2000
Lockheed Martin Aeronautics Company has signed a contract with the U.S. Air Force to supply additional C-130J training systems at Little Rock AFB, Ark. and for training site activation at Keesler...
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Dec 14, 2000
Lockheed Martin Aeronautics Company successfully demonstrated use of an advanced resin transfer molding (RTM) process to fabricate a unitized component for an advanced fighter aircraft. The...
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Dec 11, 2000
Lockheed Martin Aeronautics Company has delivered the last of eight C-130Js that were scheduled for delivery to the Maryland Air National Guard's 135th Airlift Group. The 135th, which is part of...
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Dec 1, 2000
In a signing ceremony today at Air Material Command Headquarters, Vaerlose Air Base, the Royal Danish Air Force ordered three Lockheed Martin C-130J-30 Hercules tactical transport aircraft. The...
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Nov 28, 2000
During a recent conference of almost 200 of its major suppliers, Lockheed Martin Aeronautics Company recognized three companies for their outstanding small business programs -- Harris Corp.,...
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Nov 21, 2000
An F-16 equipped with a revolutionary flight-control and power system broke the sound barrier on its third flight, successfully demonstrating that the all-new system, destined for the Lockheed...
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Nov 17, 2000
Ross W. Reynolds has been named vice president of Lockheed Martin Aeronautics Company's C-130J program. In this new position, he will be responsible for the continued development, production and...
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Nov 17, 2000
Lockheed Martin Aeronautics Company has appointed June R. Shrewsbury as director of the new C-130 Sustainment and Modifications organization. This organization will have responsibility for all...
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Nov 15, 2000
Lockheed Martin Aeronautics Company held its annual Supplier Conference 2000 on Nov. 13 and 14 with 190 major suppliers to address lean supply chain principles and practices. The theme of this...
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Nov 14, 2000
November 16, 2000 - 12:40 p.m. Wyndham Franklin Plaza Hotel, Philadelphia, PA (Luncheon 11:30 a.m. - 1:30 p.m.) WHAT: The chairman and CEO of Lockheed Martin (LMCO), Dr. Vance Coffman will...
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Nov 13, 2000
Lockheed Martin Aeronautics Company and Korea Aerospace Industry (KAI) signed a joint marketing agreement on the T-50 advanced jet trainer on Nov. 10. The agreement defines roles and...
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Nov 2, 2000
The U.S. Air Force F-16 fleet achieved an excellent safety record during fiscal year 2000, which ended Sept. 30. The USAF F-16 fleet experienced only 2.63 major mishaps per 100,000 flight hours....
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Oct 31, 2000
The Lockheed Martin Joint Strike Fighter (JSF) team has successfully demonstrated revolutionary all- weather precision targeting and combat identification techniques for both fixed and mobile targets.
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Oct 26, 2000
Lockheed Martin Aeronautics Company is assembling the first of the longer C-130J Hercules tactical airlifters being acquired by the U.S. Air Force. The USAF's newest transport aircraft has now...
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Oct 26, 2000
Lockheed Martin Aeronautics Company has selected Hamilton Sundstrand, San Diego, Calif., as the Auxiliary Power Unit (APU) supplier for the U.S. Air Force's C-5 Galaxy Reliability Enhancement and...
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Oct 26, 2000
LOCKHEED MARTIN CORPORATION Consolidated Results Preliminary and Unaudited (In millions, except for per share data and percentages) Quarter Ended Year To Date September 30, September 30, % % 2000...
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Oct 26, 2000Third Quarter 2000 Achievements
In announcing third quarter 2000 earnings, Vance Coffman cited additional events, program awards and Mission Success achievements during the quarter with positive implications for Lockheed...
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Oct 26, 2000
Reaffirms 2000 and 2001 Earnings Per Share Outlook at About $1.05 and $1.25, Respectively; Longer-Term Projected Annual Earnings Growth of 15 -25 Percent Reaffirms Free Cash Flow Estimate of at...
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Oct 25, 2000
An F-16 equipped with a revolutionary "power by wire" flight-control subsystems package made its first flight on Oct. 24. The flight demonstrates a new generation of technologies destined to...
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Oct 24, 2000
Today the Lockheed Martin Joint Strike Fighter (JSF) X-35A took off at 9:06 a.m. Pacific Daylight Time on its historic and successful first flight, marking its entry into the flight-test program...
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Oct 16, 2000
Lockheed Martin Aeronautics Company will begin providing electronic technical data to the air forces of all 19 countries using the F-16. This year-long pilot program is expected to provide highly...
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Oct 10, 2000
An F-16 fully covered with a new-generation "paintless" film has made a series of successful test flights - - including one at almost twice the speed of sound -- validating the use of appliques...
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Oct 2, 2000
The Lockheed Martin Joint Strike Fighter (JSF) team recently completed radar cross-section (RCS) tests of a full-scale highly detailed JSF model, validating its stealthy shape, the resilience of...
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Sep 18, 2000
The U.S. Air Force recently released a software upgrade that significantly increases the combat capability of its F-16 Block 50 aircraft by including the latest U.S. "smart weapons." Three new...
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Sep 13, 2000Lockheed Martin Focuses Corporatewide Resources To Modernize and Refresh Military Electronic Systems
Drawing on its extensive experience in aeronautics, space, electronics, systems engineering and integration, Lockheed Martin Corporation today announced a broad new business initiative to address...
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Sep 12, 2000
A new advance in simulation architecture is promising lower training expenses for the Lockheed Martin Joint Strike Fighter (JSF) program. Dutch industrial and scientific research groups, working...
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Sep 11, 2000
Lockheed Martin Aeronautics has initiated full production use of a new standard for technical data exchange with its suppliers. The standard will provide significant improvements in accuracy, cost...
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Aug 17, 2000
An American-Dutch industrial partnership today successfully demonstrated a new technology that will enable Lockheed Martin Joint Strike Fighter (JSF) pilots to conduct complex training simulations...
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Aug 4, 2000
Lockheed Martin Aeronautics Company has selected the General Electric CF6-80C2 powerplant for the Air Force Reliability Enhancement and Re-engining Program (RERP) for the C-5 Galaxy. Procurement...