DefenseNews: Lockheed Martin Faces Financial Struggles Due to F-35 Upgrade Contract Delays
DefenseNews : Lockheed Martin's F-35 program is facing significant financial losses due to delays in contract agreements and software integration issues, impacting its 2024 earnings. These setbacks, primarily tied to the new TR-3 upgrade, are straining the company’s financials, but recovery plans are in motion. Contract delays and software problems with the F-35 are costing Lockheed Martin hundreds of millions of dollars, and the company is trying to get the program back on track and start recouping its costs. The F-35 program, one of the …
Combat off the mark
Already facing a huge delay, the ambitious indigenous Light Combat Aircraft (LCA)–Tejas project came up for review at a high-level meeting which was chaired by Union Defence Minister A.K. Antony recently in the Capital. Already facing a huge delay, the ambitious indigenous Light Combat Aircraft (LCA)–Tejas project came up for review at a high-level meeting which was chaired by Union Defence Minister A.K. Antony recently in the Capital. Mr. Antony stressed upon the necessity to adhere to schedule and asked all stake holders for avoidi…
‘Missile Man’ Kalam wants military to gear up for cyber-attacks on economy
With the rise in internet usage and cloud-based systems, the country’s economy could face threats online, former President APJ Abdul Kalam said. Former President A.P.J. Abdul Kalam on Thursday said the country’s military engineers should learn the art of cyber security to safeguard the Indian economy from attacks online. Addressing engineering graduates at the Military College of Electronics and Mechanical Engineering (MCEME) at their convocation ceremony, Dr. Kalam said cyber-attacks had the potential to cripple the Indian economy. …
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