Despite an up and down year, Lockheed delivered 36 F-35s to the Pentagon, making its 2014 target and retaining its sterling investment reputation into the future.
Sources report the Pentagon will cut 8 F-35s from the FY15 budget and the White House will seek a $36 billion DoD plus-up in the FY16. Budget expert calls out-year projections “fiction.”
The new generation of laser weapons are approaching the power and efficiency needed for active military use.
The Navy’s F-35C, the most likely JSF variant to be cut, passed 36 roll-in arrestment tests in January at Lakehurst.
A DoD acquisition executive responded this week to a negative report on the Navy’s Boeing P-8A Poseidon aircraft.
VADM Michael S. Rogers has long been seen as a likely candidate to lead NSA and the Pentagon’s cyberwarfare organization.
The Blue Angels remain a revered public face of naval aviation, which alone among the services continues the F-35 cost debate even as developing future air warfare strategies.
The bi-partisan budget bill on its way toward final approval makes big winners of big defense contractors, especially in aerospace and arms. Investors can expect a happy new year.
Deal would avert another government shutdown, halve sequestration cuts for the current fiscal year and fund the government through October 2015. Pentagon spending cuts scheduled for January would be avoided while Defense spending is increased by $2 billion over last year.
Plans are for the F-35 to replace the F-18, but as important production dates approach the Navy and industry face tough and costly decisions based on projected completion dates that still look a bit iffy.