Lockheed Martin has agreed to pay $29.74 million to settle allegations of defective pricing on contracts for F-35 military aircraft, the Justice Department said on Feb. 6, 2025.

The Lockheed Martin Corporation, which received non-competitive contracts to produce the F-35 fighter, allegedly failed between 2013 and 2015 to disclose accurate cost information to the Defense ...

Lockheed Martin, which had already designed and built the F-22 Raptor and F-35 Lightning II, was widely expected to win the contract. However, the contract was instead awarded to Boeing ...

Lockheed Martin secures $3.37B contract for F-35 support, wins other defense deals. Analysts concerned about Musk's drone push. Goldman Sachs rates as Sell.

The F-35 is one of the most advanced fighter jets in the world, and it's made in Lockheed Martin's Fort Worth facility. The plant was built in 1941 and has housed the production of all types of ...

Lockheed Martin is developing an advanced F-35 that can fly without a pilot. The CEO said it would be half the cost of a sixth-generation fighter.

Lockheed Martin has delivered the backlogged F-35 Lightning II fighters that were parked at its facilities owing to problems with the Technology Refresh 3 (TR-3) software code, reported Bloomberg.

Fort Worth-based Lockheed Martin Corp. is set to receive billions of dollars in defense contracts as the company announced it fully stocked Norway with a fleet of F-35 fighter jets.

According to the company, the missile can be employed by the F-35, F-22, F-15, F-16, F/A-18, P-8 and “any aircraft that has 30-inch lugs” such as the widely used BRU-32 heavy-duty ejector rack.

As a recent article on F-35 unit-costs pointed out, DoD’s planned agreement for upcoming F-35 production Lots 15-17 encompasses about 375 aircraft. That’s over 100 fewer airplanes than the ...

The Pentagon and Lockheed Martin on Monday announced the largest single defense deal in U.S. history, reaching a $34 billion handshake agreement for 478 new F-35 fighter jets at the significantly ...

Defense giant Lockheed Martin has agreed to sell 90 new F-35 fighter jets to the US Defense Department for $8.5 billion – a deal that amounts to more than $700 million in savings over the last ...