Lockheed has further delayed delivery of the first F-35 upgraded with new avionics, to the second quarter of 2024, adding to a backlog of deferred shipments.
The Missile Defense Agency (MDA) plans to launch the two prototype satellites for its Hypersonic and Ballistic Tracking Space Sensor system later this year.
Editors discuss Northrop's exit from the U.S. Air Force’s competition to replace the F-22 and the implications of L3Harris’ acquisition of Aerojet Rocketdyne.
L3Harris reported revenue of $4.69 billion in the second quarter, up 13.5% annually, while its earnings per share (EPS) of $2.97 beat analysts’ estimates.
Global defense demand remains robust with $252 billion worth of allied contract awards expected over the next 24 months, according to investment bank Jefferies.
The Army eventually plans to buy its own jets to carry HADES, but will first deploy the payload on contractor-owned and operated business jet-class aircraft.
The contractual milestone ends a four-year negotiating process with the F-35 Joint Program Office as the U.S. Air Force evaluates a replacement engine.