Lockheed Martin surprised stakeholders late Aug. 3 when it announced the sudden departure of its chief financial officer, the second in almost as many years, as well as lower earnings per share guidance for the year, albeit due to a one-time financial transaction.

In comments that may reverberate in the global fighter market, the U.S. Navy’s top aviation requirements officer on Aug. 3 described the Boeing F/A-18E/F as obsolete by the mid-2050s and criticized efforts by some lawmakers to buy more in fiscal 2022.

Korea Aerospace Industries (KAI) confirmed that it has secured a deal with return customer the Royal Thai Air Force (RTAF) for two T-50TH lead-in fighter trainers.

An initial tranche of funding has been awarded to the Team Tempest industrial consortium. 

The charge arose during a government-led review of the classified program in May, Lockheed’s chief financial officer told analysts during a teleconference.

After a highly anticipated Boeing F-15J upgrade project was halted and Lockheed Martin was chosen for the Japanese F-X next-generation fighter, Boeing is now in a holding pattern ready to support Japanese fighter programs.

The U.S. Senate Armed Services Committee has passed a bill that would temporarily block the U.S. Air Force from its effort to develop a so-called “Bridge Tanker.”

The U.S. Army’s program manager on July 22 called on industry to increase their lobbying to Congress in support of the Future Armed Reconnaissance…