By Taylor Young May 1, 2018 The Queen City is one step closer to building a hotel at the Burlington International Airport. Monday night city officials approved the BTV Hotel ground lease. Alpha Inn Management is partnering with DEW Properties on the project. In the agreement, the two businesses will lease the property to the […]
By Mike Stone April 11, 2018 The U.S. Department of Defense has stopped accepting most deliveries of F-35 jets from Lockheed Martin Corp (LMT.N) because of a dispute over who will cover costs for fixing a production error, three people familiar with the matter said. Lockheed confirmed on Wednesday that the Pentagon had halted deliveries of […]
By Anthony Capaccio March 28, 2018 The U.S. Air Force may have to cut its purchases of Lockheed Martin Corp.’s F-35 by a third if it can’t find ways to reduce operations and support costs by as much as 38 percent over a decade, according to an internal analysis. The shortfall would force the service […]
By: Dan Grazier March 19, 2018 Jim Roche, then-Secretary of the Air Force, made an announcement on October 26, 2001, that all aviation enthusiasts had been waiting for: a winner had been picked to design and build the Joint Strike Fighter. The American people were assured the new jet would enter service in 2008 and […]
By Andrea Shalal March 23, 2016 The Pentagon expects to award contracts for a $3 billion, six-year effort to upgrade its newest warplane, the Lockheed Martin Corp F-35 fighter jet, by the end of 2018, the Air Force general who runs the $391 billion program said on Wednesday. Lieutenant General Chris Bogdan rejected a call […]
March 3, 2018 “Right now, we can’t afford the sustainment costs we have on the F-35,” Ellen Lord, the new Defense Department undersecretary for defense acquisition and sustainment, told reporters this week. “And we are committed to changing that.” The F-35 Joint Strike Fighter is the most expensive weapons program in US history and remains […]
By Cory Dawson March 20, 2018 School officials will begin conducting noise pollution tests soon at a South Burlington elementary school that sits about a half mile from Burlington International Airport runways. For years, teachers, students and staff at Chamberlin School — with 250 students from kindergarten through 5th grade — have endured jet noise […]
By Valerie Insinna March 9, 2018 Under the F-35 joint program office’s latest plan, follow-on modernization for the Joint Strike Fighter could add up to a total of $16 billion, the Defense Department’s program head confirmed Wednesday. Responding to questions from lawmakers about the price of implementing the new Continuous Capability Development and Delivery strategy, or C2D2, Vice […]
By Matthew Cox March 7, 2018 Lawmakers on Wednesday put senior military officials on the spot to explain how current acquisition reform efforts will prevent costly programs such as the F-35 Joint Strike Fighter from becoming “too big to fail.” Members of the House Armed Services Committee met with acquisition chiefs from the Army, Navy […]
By David Brennan March 9, 2018 The F-35 stealth jet will need an additional $16 billion worth of upgrades and development, the House of Representatives Armed Services Committee has been told. The F-35, made by Lockheed Martin, is already the most expensive weapons program of all time. It has now been revealed that the F-35 […]