Aircraft industry
The Defense Department has given the green light to Lockheed Martin's F/A-22 Raptor to enter full-rate production. This decision marks a significant milestone for the aircraft program. Meanwhile, Raytheon Company has been awarded a $12.5 million subcontract from Northrop Grumman Corporation's ship systems sector
Aircraft industry
The European Union has offered to delay the payment of launch aid for Airbus's A350 aircraft, potentially avoiding the largest trade dispute in World Trade Organisation history. The move comes ahead of a self-imposed deadline for settling the dispute over aircraft subsidies. Despite recent tensions between US and
Aircraft industry
The European Union has made an offer to delay payment of launch aid for Airbus's A350 aircraft, which is set to be a competitor to Boeing's 787 Dreamliner, in an attempt to avoid the biggest battle in the history of the World Trade Organisation (WTO). The
Aircraft industry
Trade negotiators Peter Mandelson and Robert B. Zoellick clashed in a series of exchanges this week, with Mandelson accusing Zoellick of taking instructions from Boeing and Zoellick responding by accusing Mandelson of conducting trade negotiations through the media. The dispute centers on aircraft subsidies and has been ongoing since November,
Aircraft industry
The dispute between the European Union and the United States over development aid to Airbus and Boeing has reached a stalemate, with US Deputy Secretary of State Robert B. Zoellick warning that the United States is prepared to take the case to arbitration at the World Trade Organization if the
Aircraft industry
Weeks of delicate negotiations between US Trade Representative Robert Zoellick and EU Trade Commissioner Peter Mandelson over government subsidies for Boeing and Airbus imploded on Friday night, leaving the future of negotiations in doubt. According to sources, the talks ended in acrimony, with both sides accusing each other of breaking
Aircraft industry
Weeks of delicate negotiations between US Trade Representative Robert Zoellick and EU Trade Commissioner Peter Mandelson over government subsidies for Boeing and Airbus imploded on Friday night, leaving the future of negotiations in doubt. According to sources, the talks ended in acrimony, with both sides accusing each other of breaking
Aircraft industry
A weeklong strike at Lockheed Martin's Marietta plant has come to an end, with union members accepting a three-year contract offer that includes significant wage increases and benefits improvements. Meanwhile, the airline industry is seeking relief from mandated pension fund contributions, with Delta Air Lines warning that bankruptcy
Aircraft industry
Brijot Imaging Systems, Inc. has announced the world's first commercial real-time concealed weapons detection camera, the Brijot Imaging Systems Weapons Detection System (BIS-WDS(TM) Prime). This innovation uses passive millimeter wave sensor technology developed by Lockheed Martin, enabling the detection of guns, knives, or bombs made of various
Aircraft industry
The management of nuclear-weapons laboratories is an extremely complex and demanding task that requires a unique set of skills and expertise. While a few companies and universities have expressed interest in taking on this responsibility, most have either declined or are still undecided. Sandia National Laboratories, operated by Lockheed Martin,
Aircraft industry
Lockheed Martin is fighting to preserve the Joint Common Missile (JCM) program, a potential $5 billion project that could provide a replacement for the Hellfire II, Longbow, and Maverick missiles. Despite efforts to save the program, Congress's proposed cuts have raised concerns about cost and schedule. Rick Edwards,
Aircraft industry
US congressional investigators have delivered another significant blow to Boeing, recommending that the air force reopen part of a $4 billion contract to update the avionics on the C130 Hercules transport aircraft. The Government Accountability Office (GAO) concluded that the air force failed to demonstrate that a former procurement official&
