CEO Robert Stevens

OSLO/WASHINGTON (Reuters) - Delays in U.S. and international orders for Lockheed Martin Corp's new F-35 fighter jet will increase its total cost, Lockheed and U.S. officials said on Tuesday, as Italy announced a cut in spending on the warplane.Read Full Story

WASHINGTON ( Reuters ) - The United States is investigating a combination of pilot error and mechanical failure as possible causes for the crash of a classified U.S. drone in Iran and does not believe Iran brought down the plane, according to two U.S. government officials. The unmanned RQ-170 Sentinel drone, which had been on a sensitive CIA surveillance mission over Iran, crashed and was apparently reassembled by Iran before being put on display in Tehran , said one of the officials, who was...Read Full Story

WASHINGTON ( Reuters ) - Lockheed Martin Corp, the Pentagon 's biggest supplier, on Wednesday said it had detected a previously unknown vulnerability in the Adobe Reader software, but its information systems were never breached. Adobe credited Lockheed and other companies in the Defense Security Information Exchange with finding the critical vulnerability. It said it was working on a fix for the problem to be released next week. Adobe spokeswoman Wiebke Lips said it had received reports that...Read Full Story

Lockheed Martin has been awarded a firm-fixed-price and cost-plus-fixed-fee contract by the US Department of Defense (US DoD) for the supply of 12 additional F-16 C/D Block 50 multirole fighters to the Royal Air Force of Oman (RAFO). Under the estimated $600m foreign military sale contract, the company will supply ten F-16 C single-seat jets and two F-16 D double-seat jets along with the provision of support equipment, technical orders and integrated logistics support. Currently, the air...Read Full Story

Lockheed Martin delivered the first Modernized Day Sensor Assembly (M-DSA) upgrade prototype units to the U.S. Army for use on the Apache attack helicopter. Five System Design and Development (SDD) Laser Rangefinder Designators (LRFDs) were recently delivered to the Army under a three-year contract awarded to Lockheed Martin in September 2008 to modernize the Apache’s Day Sensor Assembly. The LRFD is the chief targeting aid for the Apache, establishing the range to the target for accurate...Read Full Story