By Cristina Tov:Lockheed Martin's (LMT) aeronautic segment is its main revenue driver, contributing around 30% to total revenue. For the first nine months, this segment has generated revenue of $10.2 billion with a year-over-year decline of 5.4%.
The 50th International Paris Air Show is being held from June 17 -23. The Financial Post’s Scott Deveau is in Paris this week to cover the event. Read his first dispatch about hitching a ride to the air show on a Bombardier Q400 turboprop plane.
WASHINGTON (Reuters) - South Korean test pilots are visiting Lockheed Martin Corp's F-35 plant in Fort Worth, Texas, this week after a similar trip this month to Boeing Co's F-15 plant in St. Louis amid signs that Seoul will delay a decision in its $7 billion-plus fighter competition until early 2013. Lockheed spokesman Mike Rein said South Korean officials were evaluating the F-35 Joint Strike Fighter proposal submitted by Lockheed in South Korea's 8.3 trillion won competition for 60 new fighter planes. He gave no further details. ...
TOKYO (Reuters) - Japan's defense ministry is moving toward selecting Lockheed Martin Corp's F-35 jet as the mainstay of its next-generation fighter force, Kyodo news agency reported on Monday, citing ministry sources.