Business

October 12, 2012

Lockheed Martin to provide supply chain support to the Republic of Korea’s military services

Lockheed Martin has been awarded three new contracts to support the supply chain needs of the Republic of Korea Air Force and Navy.

Under the terms of the basic ordering agreements, Lockheed Martin will provide spare material and repair of military hardware for the Republic of Korea’s fleet of F-16s and P-3 military aircraft. The company has also provided these same services for the C-130 for nearly 13 years. These annual contracts have a $2 million ceiling and are funded incrementally.

“The establishment of these contracts with the Republic of Korea highlights the confidence our customers have in our capability to maintain critical spare parts and repair of military hardware for their weapon systems,” said Janet Gohman, director, Global Supply Chain Services for Lockheed Martin’s Mission Systems & Sensors business. “We focus on delivering an effective and integrated supply chain to increase affordability and reduce turn-around-time for our customers.”

Lockheed Martin provides supply chain support for U.S. and international governments as well as commercial customers at operational field sites. The company has the capability to meet rush deliveries through its global network, providing value to customers by reducing emergency maintenance cycles.

 




All of this week's top headlines to your email every Friday.


 
 

 

Boeing, Jet2.com finalize order for 27 Next Generation 737-800s

Boeing and UK Leisure Airline Jet2.com have finalized an order for 27 Next Generation 737-800s, valued at approximately $2.6 billion at current list prices. Jet2.com currently operates an all-Boeing fleet of nearly 60 aircraft; however, this is the organization’s first direct Boeing order.† The aircraft will be used to take the company’s package holiday and...
 
 
boeing-emirates

Boeing, Emirates celebrate airline’s 150th 777 delivery

Boeing and Emirates Airline Sept. 3 celebrated the simultaneous delivery of three 777s — two 777-300ERs and one 777 Freighter — marking the entry of the 150th 777 into Emirates’ fleet. The delivery marks the first tim...
 
 

U.S. Air Force selects Chromalloy for F108 gas turbine engine module repairs

Chromalloy announced Sept. 2 that it has been selected by the U.S. Air Force to provide repairs on low pressure turbine modules for the F108 aircraft engine fleet, in a contract valued at up to $74 million. The one-year agreement was contracted by the Tinker Air Force Base in Oklahoma and includes four one-year options...
 

 
raytheon-colorado

Raytheon expanding in Colorado Springs

Raytheon will speed up growth of its Colorado Springs presence after signing a $700 million multi-year indefinite-delivery/indefinite-quantity contract to support operations at NORAD’s Cheyenne Mountain Complex. Under the...
 
 

Raytheon awarded $33 million sonar system contract

The U.S. Navy has awarded Raytheon a $33 million contract for the production, integration, testing and delivery of AN/AQS-22 Airborne Low Frequency Sonar (ALFS) systems. The contract includes an option for additional systems for U.S. inventory and potential Foreign Military Sale. The option, if exercised, would bring the cumulative value of this contract to more...
 
 
DOD photograph by Air Force MSgt. Adrian Cadiz

Carter announces manufacturing initiative to aid war fighters

DOD photograph by Air Force MSgt. Adrian Cadiz Defense Secretary Ash Carter announces the creation of a National Manufacturing Innovation Institute to produce hybrid electronics during a speech at the National Full Scale Aerody...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>