Business

October 17, 2013

Lockheed Martin to build JLTV at facility in Camden, Ark.

Lockheed Martin will move production of its Joint Light Tactical Vehicle to an assembly line at the companys award-winning Camden, Ark., manufacturing complex, where the company expects to gain significant production efficiencies and cost reductions.

Lockheed Martin is implementing a low-risk production plan that will take advantage of the proven, outstanding Camden manufacturing operation and help make our JLTV more affordable for the U.S. Army and Marine Corps, said Scott Greene, vice president of Ground Vehicles for Lockheed Martin Missiles and Fire Control.

JLTV prototypes were produced at BAE Systems Sealy, Texas, manufacturing facility for the programs Technology Development and Engineering and Manufacturing Development phases. Plans to close the Sealy plant were announced today. BAE Systems will remain a key partner on the Lockheed Martin JLTV team, providing integrated cabs, protection solutions and other vehicle manufacturing expertise.

BAE Systems remains committed to Lockheed Martin and our JLTV program, said Mark Signorelli, vice president and general manager of Combat Vehicles for BAE Systems. Recognizing the budget pressures our customers face, the team is reshaping our efforts to provide the most cost competitive offering with exceptional technical capability and product quality to our end users.

Lockheed Martins Camden complex is among the premiere manufacturing sites in the United States. Camden has a strong reputation for on-schedule delivery of high quality products including High Mobility Artillery Rocket System launchers, Guided Multiple Launch Rocket System (GMLRS) rockets, Patriot Advanced Capability-3 Missiles and Terminal High Altitude Area Defense (THAAD) ground vehicles. Over the last decade Camden has won more than 60 awards for quality, safety, security and community service, including:

  • The Malcolm Baldrige National Quality Award, 2012
  • The Shingo Silver Medallion Award for Operation Excellence, 2008, 2009
  • Industry Week magazines Best Plants in North America, 2005, 2006
  • The National Safety Councils Perfect Record Award, 2007
  • The National Safety Councils Occupational Excellence Achievement Award, 2006, 2007, 2009, 2010
  • The National Safety Councils Industry Leader Award, 2007
  • The Arkansas Governors Quality Award, 2012

Designed as a more capable and survivable replacement for many of the current Army and Marine Corps HMMWV Humvee vehicles, the Lockheed Martin JLTV is systems-engineered to return crucial protection, mobility and transportability to Soldiers and Marines.† Its advantages include greatly improved crew protection and mobility, lower logistical support costs, superior fuel efficiency, exportable power-generation with substantial margin for future growth, and state-of-the-art connectivity with other platforms and systems.




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


 
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 

 

Raytheon SM-6s intercept targets in ‘engage on remote’ tests

During the U.S. Navy’s Combat Ship System Qualification Trials, the USS Chancellorsville (CG 62) tested two Raytheon Standard Missile-6 interceptors against anti-ship and cruise missile targets. As part of ‘engage on remote’ scenarios, the ship launched the SM-6 interceptors prior to its own radars ‘seeing’ the incoming threats, using targeting information from ano...
 
 

General Dynamics receives $19 million contract for submarine planning services

The U.S. Navy has awarded General Dynamics Electric Boat an $18.9 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics. Initially awarded in November 2011, the contract has a potential value of $121.2 million through...
 
 

Passenger jets push Boeing’s profit up 18 percent

Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year. On a per-share basis, the Chicago-based company said it had a profit of $1.86. Adjusted for non-operating costs, earnings came to $2.14 per share, better than...
 




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=""> <strike> <strong>