Lockheed Martin : U.S. clears F-35 for limited flights, no decision on UK air show
July 15, 2014 at 06:06 am EDT
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FARNBOROUGH England (Reuters) - U.S. military officials have approved a limited flight clearance for the Lockheed Martin Corp (>> Lockheed Martin Corporation) F-35 fighter jets that mandates engine inspections and certain flight restrictions, while an investigation continues into a massive engine failure that grounded the entire fleet, the Pentagon said on Tuesday.
FARNBOROUGH England (Reuters) - U.S. military officials have approved a limited flight clearance for the Lockheed Martin Corp (>> Lockheed Martin Corporation) F-35 fighter jets that mandates engine inspections and certain flight restrictions, while an investigation continues into a massive engine failure that grounded the entire fleet, the Pentagon said on Tuesday.
Pentagon spokesman Rear Admiral John Kirby said U.S. officials remained hopeful that the F-35 could make its international debut at the Farnborough air show, but no decision had been made.
"This information is an encouraging step, but no final decision has been made at this time," Kirby said in a statement. "Safety remains the overriding priority."
(Reporting by Andrea Shalal; Editing by Mark Potter)
Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows:
- sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations;
- sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.;
- sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems;
- sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc.
Net sales break down by source of income into sales of products (83.3%) and services (16.7%).
Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).
LOCKHEED MARTIN CORPORATION 
