LOCKHEED MARTIN CORPORATION

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Lockheed Martin : Delivers First F-16 from Greenville Depot Sustainment Program

01/28/2022 | 04:25pm EDT

Lockheed Martin (NYSE: LMT) today announced it has delivered the first F-16 jet as part of the F-16 Sustainment Depot program back to the U.S. Air Force.

Lockheed Martin was originally selected for the U.S. Air Force's F-16 Sustainment Depot program in December 2020, and the first jet arrived in Greenville, South Carolina for work in spring 2021.

"This was the first fighter sustainment work awarded to the site, and with F-16 production also well underway in Greenville, the site is now the global home of the F-16," says Danya Trent, Lockheed Martin vice president, F-16 Program.

The company provides full lifecycle support to the warfighter from development, production and sustainment to ensure mission readiness. On the F-16, Lockheed Martin is hiring for more than 300 new jobs by the end of 2022 to support both F-16 sustainment and production. These new roles represent Lockheed Martin's long-standing commitment to meet our customers' current and future needs, and to bring more jobs to the Greenville area.

Many of these positions are on the leading edge of Lockheed Martin's digital engineering efforts - using advanced technologies and automation to reduce cost, decrease span time and improve product quality.

About the F-16
The F-16 is a critical piece of the 21st century warfare network. With more than 3,000 F-16s operating today in 25 countries - including 900 with the U.S. Air Force - we are focused on helping our customers seamlessly and securely connect all assets in the joint battlespace. The F-16 has flown an estimated 19.5 million flight hours and more than 13 million sorties. Today's latest version, the Block 70/72, offers unparalleled capabilities and will be flown by at least five countries beginning in the mid-2020s.

For additional information, visit our website, www.lockheedmartin.com/f16, and follow @LMNews on Twitter for the latest announcements and news across the corporation.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin (NYSE: LMT) is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Disclaimer

Lockheed Martin Corporation published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 21:24:14 UTC.


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Financials (USD)
Sales 2022 66 001 M - -
Net income 2022 7 127 M - -
Net Debt 2022 8 950 M - -
P/E ratio 2022 15,9x
Yield 2022 2,66%
Capitalization 113 B 113 B -
EV / Sales 2022 1,85x
EV / Sales 2023 1,80x
Nbr of Employees 114 000
Free-Float 99,8%
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Managers and Directors
James D. Taiclet Chairman, President & Chief Executive Officer
Jesus Malave Chief Financial Officer
Rodney A. Makoske SVP, Chief Engineering, Technology & Operations
Yvonne O. Hodge Chief Information Officer & Senior Vice President
Frank A. St. John Chief Operating Officer
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