Showing posts with label LOCKHEED MARTIN CORPORATION. Show all posts
Showing posts with label LOCKHEED MARTIN CORPORATION. Show all posts

Sunday, July 22, 2012

DEPUTY DEFENSE SECRETARY CARTER ON F-35 FIGNTER PROGRAM

Photo:  U.S. Deputy Defense Secretary Ashton B. Carter
FROM: AMERICAN FORCES PRESS SERVICES

Carter Addresses Joint Strike Fighter Program
By Karen Parrish
TOKYO, July 21, 2012 - Many countries that are partnering with the United States in the F-35 joint strike fighter program will have a role to play in the aircraft's assembly, but the U.S. government will not decide which country does what, Deputy Defense Secretary Ashton B. Carter said here today.

During a press conference with Japanese media representatives, Carter explained that the supersonic stealth fighter's prime contractor, Lockheed Martin Corp., will decide where the fighter's various manufacturing processes will be located, based on two factors: the partner nation's desire to participate in the aircraft's production, and economic efficiency.

Carter arrived in Japan on the first international stop of an Asia-Pacific tour that has already taken him to Hawaii and Guam, and will continue to Thailand, India and South Korea. He discussed the F-35 program while responding to a reporter's question on whether Japan will be the site of the aircraft's final assembly and check out.

Lockheed Martin officials have explained that process, known in the industry as FACO (Final Assembly and Checkout), which involves putting together the four major structural components of the airplane, installing the engines and electronics systems, and coding and test-flying the aircraft.

"The F-35 program is obviously very important to us," Carter said. "It's the linchpin of tactical aircraft inventories for the United States for decades to come, so we're completely committed to it."

The deputy secretary noted that in his previous position as the department's undersecretary for acquisition, technology and logistics, managing the JSF program was one his central responsibilities.

"I wouldn't have told you this three years ago, but I can tell you now: I think it's getting on the path to finishing its development [and] ramping up to full-rate production," Carter said.

Nations currently partnering with the United States on the aircraft's development include the United Kingdom, Italy, the Netherlands, Turkey, Canada, Denmark, Norway and Australia.

Many of those partners will participate in building the airplane, Carter noted.

"We can't all do everything; we can't all build all parts of the JSF," he said. "Otherwise, that will be economically inefficient, and we'll be wasting our taxpayers' money, and that's not fair."

What makes sense, the deputy secretary said, is for each country involved in producing the fighter to make some of the parts for all of the other partner nations.

"So it's a very complicated matter of apportioning, in an economically efficient way, all of these technical tasks," Carter said. "And that's what Lockheed Martin ... does in discussions with all the partners."

Defense Department leaders care about the outcome of manufacturing decisions "because we want an affordable airplane, as does the Japanese government," he said.

Carter added, "I'm sure that that will be done in a way that is satisfactory to Japan, just like it has to be satisfactory to the United States, has to be satisfactory to Turkey, to the U.K. ... That's the way international programs work today."

Wednesday, June 27, 2012

PRESIDENT OBAMA ALLOWS EXPORT-IMPORT BANK TO LOAN VIETNAM $125.8 MILLION


Photo:  Secretary of Defense Panetta Visits Vietnam.  Credit:  U.S. Navy.  
FROM:  U.S. EXPORT-IMPORT BANK
President Obama Signs Waiver Allowing Ex-Im Bank to
Move Forward with Export Financing for Vietnam Communications Satellite
Washington, D.C. --- The White House on Monday issued a Presidential Determination on Vietnam by President Barack Obama. The president’s action clears the way for the Export-Import Bank of the United States (Ex-Im Bank) board of directors to move forward with a $125.8 million direct loan to Vietnam to support their purchase of a U.S.-manufactured telecommunications and television satellite.

The purchaser is the Vietnam Post and Telecommunications Group, a wholly state-owned company.
The president's action is required by a provision in the Ex-Im Bank Charter that mandates a determination by him that it is in the national interest for Ex-Im Bank to extend a loan of $50 million or more to a Marxist-Leninist country.

“I’m pleased that President Obama has given the board the authority to advance this loan application from Vietnam, which is one of the nine countries Ex-Im has identified as offering U.S. exporters the greatest sales opportunities,” said Fred P. Hochberg, chairman and president of Ex-Im. “We hope to support more U.S. companies’ exports to Vietnam, which in turn will support more American jobs.”

Ex-Im Bank transactions have been eligible for such presidential determinations since President Clinton determined on March 8, 1998 that it was in the national interest for Ex-Im Bank to do business with the Socialist Republic of Vietnam.

With the President Obama’s determination, the board will soon vote whether to refer the transaction to Congress for review and comment. After the expiration of a 35-day comment period the board would schedule a second and final vote. (Congress is notified of all Ex-Im transactions of $100 million or more so that Members may provide the Bank with comments for the Board to consider prior to a final vote.)

The Lockheed Martin Corporation is supplying U.S. equipment and services for the Vinasat II project. Ex-Im’s loan, if approved by the board of directors, will be secured by the full faith and credit sovereign guarantee of the Socialist Republic of Vietnam.
The proposed loan of $125.8 million will finance the export of goods and services valued at about $215 million.

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