Tagged: Lockheed Martin

The Pentagon has halted the testing of its entire fleet of F-35 Joint Strike Fighters. At an estimated cost of $400 billion, it is the Pentagon's most expensive weapons program.

Defense News reports:

Second of two parts

In a mile-long building on the edge of Fort Worth, Texas, an assembly line is taking shape to build the F-35 Joint Strike Fighter. Lockheed Martin, which got the contract to build the jet back in 2001, is slowly cranking up production. It's hard to keep a plane current, when it takes so many years to develop.

But Lockheed's Kevin McCormack says the F-35 is designed to change as technology evolves.

Lockheed Martin announced that its board of directors asked for the resignation of Christopher E. Kubasik, 51, the current chief operating officer and incoming chief executive office.

"Kubasik, previously slated to become CEO in January, resigned after an ethics investigation confirmed that he had a close personal relationship with a subordinate employee," Lockeheed said in a statement. "His actions violated the company's Code of Ethics and Business Conduct, but did not affect the company's operational or financial performance."