Category Archives: Lockheed Martin Aircraft

Trump claims Lockheed Martin cut $600 million off cost of F-35 joint…

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Trump says Lockheed Martin has cut $600 million from F-35 program - President Trump said Monday that Lockheed Martin has cut $600 million from its next lot of 90 F-35 Joint Strike Fighter planes, capping weeks of private meetings with Lockheed Martin chief executive Marillyn Hewson and public criticisms of the program's cost.

For Congress, defense contracts are like baseball, apple pie

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After President-elect Donald Trump attacked the cost of the F-35 Joint Strike Fighter on Monday as "out of control," several lawmakers responded by praising the Pentagon's most expensive weapons acquisition. Republicans and Democrats on Capitol Hill are aware of the tens of thousands of jobs the aircraft generates in 45 states.

Alcoa’s new spinoff Arconic taps ex-Cornyn chief of staff as lobbyist

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Alcoa signage displayed on a monitor on the floor of the New York Stock Exchange on Oct. 21 Aluminum giant Alcoa's spinoff into two companies is slated to take effect Tuesday - and the new spinoff, Arconic, already has a Washington lobbyist. Arconic has tapped Russ Thomasson, former chief of staff to Senate Majority Whip John Cornyn , to serve as the company's first hired gun on K Street.