Lockheed Martin


Mon December 15, 2014
Your Money

Lockheed Martin Case Puts 401(k) Plans On Trial

Originally published on Mon December 15, 2014 5:16 am

Aerospace giant Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees.
Peter Macdiarmid Getty Images

A trial gets under way in St. Louis on Monday that could have a big impact on the way companies select 401(k) plans for their employees.

Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees. The case tests the limits of a company's responsibilities to its employees at a time when 401(k) plans have become a central part of the nation's retirement system.

Read more


Wed December 3, 2014
Outer Space

Why's Colorado So Excited About The Orion Launch? Here's A Guide

Engineers and technicians at Space Launch Complex 37 move Orion into place in the service structure so the spacecraft can be lifted and joined to the top of the Delta IV Heavy rocket.
NASA/Radislav Sinyak

On Friday morning, NASA plans to launch the Orion spacecraft. It's seen as a first step in a possible human journey to Mars. 

Coloradans have a reason to be extra-interested in this mission, since local companies played a key role in building the spacecraft. Here's some key facts about the mission and upcoming launch.

Read more


Tue December 2, 2014

NASA Prepares To Test New Spacecraft (That You've Likely Never Heard Of)

Originally published on Wed December 3, 2014 1:43 pm

The Orion capsule is poised to make its first test flight Thursday. If all goes as planned, the unmanned vehicle will orbit Earth twice before splashing into the Pacific Ocean.
Kim Shiflett NASA

NASA is about to launch a new spaceship into orbit, and Mallory Loe has never heard of it.

"I mean, technically, NASA doesn't have another spaceship, do they?" she asks incredulously during a visit to the Smithsonian National Air and Space Museum in Washington, D.C.

She's hardly the only one who doesn't know about this new spacecraft. In fact, none of a half-dozen tourists NPR interviewed in the museum's lobby was aware of the Orion spaceship.

Read more


Fri February 22, 2013
The Two-Way

Pentagon Grounds Fleet Of F-35 Fighter Jets Because Of Engine Problems

In this image released by the U.S. Navy the U.S. Navy variant of the F-35 Joint Strike Fighter, the F-35C, conducts a test flight over the Chesapeake Bay.
U.S. Navy Getty Images

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:

Read more


Wed January 2, 2013
National Security

At $130 Million A Plane, Critics Question The Cost Of The F-35

Originally published on Wed January 2, 2013 5:51 pm

Visitors look at a Lockheed Martin F-35 fighter jet at the Singapore Airshow in 2010. The cost of the plane keeps on rising and is now $130 million or more per plane, depending on the model.
Roslan Rahman AFP/Getty Images

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.

Read more