It was developed to replace Lockheed T-33 trainers. The Pacer Classic program, which includes major structural replacements, extends the service life of T-38s to 2020. The T-38C is used for aerobatics ...

Lockheed Martin (LMT). We exited our position in defense company ... The sector represents our largest underweight compared with the new index weightings, but that doesn't tell the whole story.

The Pentagon is withholding $5 million per jet from its payments to Lockheed Martin until the new F-35s can fly in combat.

LMT is set to procure sustainment spares and provide repair support of aircraft components for the VH-92A helicopter.