Boeing, Lockheed team up for new US Air Force bomber

Image
AFP Washington
Last Updated : Oct 25 2013 | 11:57 PM IST
Boeing and Lockheed Martin said today they have teamed up to bid for a new US Air Force bomber program, believed to be worth up to USD 55 billion.
Boeing is acting as the prime contractor, and Lockheed is the main teammate in the bid to supply the Air Force's Long-Range Strike Bombers, the companies said in a joint statement.
"Boeing and Lockheed Martin are bringing together the best of the two enterprises, and the rest of industry, in support of the Long-Range Strike Bomber program, and we are honored to support our US Air Force customer and this important national priority," said Dennis Muilenburg, president and chief executive of Boeing Defense, Space & Security.
Air Force spokesman Ed Gulick said the program aims to build between 80 and 100 of the new, long-range stealthy bombers, a top priority as the US military seeks to replace its aging bomber fleet.
The planes are to become part of the fleet after 2020, Gulick said.
Esimates put the value of each plane at USD 550 million.
Both US companies have projects underway for the air force. Boeing is developing the KC-46 refueling tanker and Lockheed is working on the newest stealth F-35 fighter jet.
"The team will be able to produce unique and affordable solutions that could not be achieved without partnering," they said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 25 2013 | 11:57 PM IST

Next Story