Lockheed Martin will assume more risk for any cost increase in the next F-35 production lot by switching to a fixed price plus incentives contract two years earlier than planned.
Lockheed Martin to halve Farnborough Air Show presence
Next month’s Farnborough Air Show will see a smaller presence by Lockheed Martin as a cost cutting measure. Continue reading “Lockheed Martin to halve Farnborough Air Show presence”
Kid’s balloons mistaken for North Korean airborne invasion
There was panic in the South Korean military on Thursday when balloons released by a kindergarten were mistaken to be North Korean paratroopers. Continue reading “Kid’s balloons mistaken for North Korean airborne invasion”
No Sea Gripen unless sales breakthrough in Brazil or India
A Saab official told reporters that his company will only go ahead and develop a sea-going version of the Gripen when Brazil or India purchase the jet.
RoKAF F-5 crashes; both pilots killed
A South Korea F-5F has crashed while returning from a training mission in the waters off the country’s west coast on Friday. Both pilots were killed.