Lockheed Martin to acquire $1 billion in Air Force aircraft parts parts manufacturing company

Lockheed Martin will acquire $734 million in Air Guard aircraft parts manufacturing equipment and services from Raytheon, Lockheed Martin said in a filing with the Securities and Exchange Commission.Lockheed Martin, a joint venture of Lockheed Martin and Boeing, will acquire the Air Force’s Pratt & Whitney F-35A aircraft engines, the aircraft’s flight controls, and aRead More

How to buy surplus planes

New Jersey officials are trying to persuade airlines to save up to $6 billion by selling surplus military aircraft parts and equipment.Air Force officials said Monday they will not approve a request for proposals from a U.S. firm to sell nearly 1,000 planes, missiles and rockets that are being stored in a Jersey warehouse.The PentagonRead More

Air Force to sell parts and equipment to private sector

The Air Force will sell parts to private industry for parts that were manufactured at the air force’s own facilities.The Air Force said it plans to sell part parts to Boeing Co.Boeing will make and package the parts in the United States and the United Kingdom.A Lockheed Martin Corp. Lockheed Martin will sell components andRead More