Saturday, October 27, 2012

Lockheed: We Are Making "Great Progress" On The F-35 Fighter Jet Program

The U.S. Navy variant of the F-35 Joint Strike Fighter, the F-35C, conducts a test flight over the Chesapeake Bay. Lt. Cmdr. Eric "Magic" Buus flew the F-35C for two hours, checking instruments that will measure structural loads on the airframe during flight maneuvers. The F-35C is distinct from the F-35A and F-35B variants with larger wing surfaces and reinforced landing gear for greater control when operating in the demanding carrier take-off and landing environment. Wikipedia

Lockheed Sees "Great Progress" On F-35 Fighter -- Reuters

(Reuters) - Lockheed Martin Corp (LMT.N) on Wednesday said it was making "great progress" on the F-35 fighter jet program, with F-35 deliveries exceeding those of F-16 fighters and C-130J transport planes combined for the first time in the third quarter.

Chief Operating Officer Chris Kubasik, who takes over as CEO next month, said there were 94 F-35 jets in various stages of production at Lockheed plants in Fort Worth, Texas and Marietta, Georgia, plus a final assembly plant in Italy run by Alenia, a subsidiary of Finmeccanica SpA (SIFI.MI).

He said the program, restructured three times in recent years to slow production and work out lingering technical challenges, had completed nearly 1,000 test flights in total. Test flights were 25 percent ahead of plan as of September.

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My Comment: If they are seeing great progress .... why are they not being paid?

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