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LMT Lockheed Martin Corp

462.00
0.09 (0.02%)
Pre Market
Last Updated: 14:11:26
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Share Name Share Symbol Market Type
Lockheed Martin Corp NYSE:LMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.09 0.02% 462.00 1,414 14:11:26

F-16V Completes Major Capability Milestone

20/08/2014 3:00pm

PR Newswire (US)


Lockheed Martin (NYSE:LMT)
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FORT WORTH, Texas, Aug. 20, 2014 /PRNewswire/ -- The newest configuration of the F-16 Fighting Falcon, the F-16V, has reached a major capability milestone with the integration of a new Active Electronically Scanned Array (AESA) radar.

"Completing this milestone on schedule demonstrates our ability to meet program commitments," said Roderick McLean, vice president and general manager of the F-16/F-22 Integrated Fighter Group at Lockheed Martin. "It proves once again why customers turn to Lockheed Martin to upgrade their F-16 fleets and advance the mission capability of the world's most effective 4th generation multi-role fighter."

The completion of this AESA radar Critical Design Review ensures Northrop Grumman's Scalable Agile Beam Radar (SABR) design meets all specified U.S. Air Force and Lockheed Martin requirements. Lockheed Martin [NYSE: LMT] will continue with follow-on activities such as development integration and ground and flight test for Taiwan's fleet of 144 Block 20 F-16A/B fighter jets. With the upgrade to the new SABR and enhancements to the mission computer, vehicle systems, aircraft structure, cockpit and electronic warfare system, Taiwan moves forward as the launch customer for the new F-16V configuration.

More than 4,550 F-16 aircraft have been delivered to date, and production is expected to continue through 2017, with major upgrades being incorporated for all F-16 versions.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2013 were $45.4 billion.

Please visit our website: www.lockheedmartin.com

SOURCE Lockheed Martin Aeronautics Company

Copyright 2014 PR Newswire

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