Lockheed Defends Contract Bidding, Posts Solid Quarterly Results

Future Long Range Assault Aircraft
Credit: Lockheed Martin
Lockheed Martin’s failed bid for the Future Long-Range Assault Aircraft (FLRAA) program included “aggressive pricing,” the company’s chief financial officer (CFO) admitted April 18. But the Pentagon’s leading prime contractor defended its contract pursuit decision-making and asserted a win would...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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