Israeli Minister of Defense Visits Lockheed Martin Aeronautics
The Israeli Minister of Defense Moshe Yaalon visited the Lockheed Martin [NYSE: LMT] F-35 Lightning II assembly line yesterday where their 5th Generation fighter aircraft is being built.
This is the first time Minister Yaalon has
been to the facility since the Israeli and US government agreed in October 2010
to the Foreign Military Sale (FMS) of 19 F-35A conventional take-off and
landing (CTOL) jets. The first two Israeli Air Force (IAF) F-35s will deliver
in 2016 for training at Luke Air Force Base, Ariz., with seven additional
aircraft to be delivered in 2017 and the remaining 10 in 2018.
The F-35 Lightning II is a 5th generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations and advanced sustainment. Three distinct variants of the F-35 will replace the A-10 and F-16 for the U.S. Air Force, the F/A-18 for the U.S. Navy, the F/A-18 and AV-8B Harrier for the U.S. Marine Corps, and a variety of fighters for at least 10 other countries.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 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 2012 were $47.2 Billion.