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WASHINGTON, March 31 (Reuters) – Two U.S. Marine pilots died when their helicopter crashed near Yuma, Arizona, during a routine training mission, the Pentagon said on Sunday.

The Marines were flying an AH-1Z Viper helicopter as part of a weapons and tactics instructor course when the crash occurred late on Saturday, the Pentagon said.

The cause of the crash is being investigated. The Pentagon said the identities of the pilots would not be released for 24 hours pending notification of next of kin.

The AH-1Z Viper, a twin-engine attack helicopter built by Textron Inc subsidiary Bell Helicopter, entered production in late 2010. The Marine Corps was to acquire a total of 189 of the aircraft, according to a March 7 news release.

(Reporting by David Morgan; Editing by Dan Grebler and Daniel Wallis)

Let the shareholders rejoice: Lockheed Martin‘s (NYSE: LMT) F-35 Lightning II fighter jet contracts are getting bigger — and bigger.

In September, Reuters reported on a Pentagon deal to buy what it called at the time “the biggest batch yet” of Lockheed Martin’s joint strike fighter – 141 fighter jets valued at $11.5 billion. To win such a big order, Lockheed lowered its average F-35 cost to $81.6 million. With engine and other incidental costs factored in, flyaway costs were a bit higher. Lockheed’s F-35B variant flyaway cost $115.5 million, its F-35C cost $107.7 million, and the F-35A ended up at $89 million. Still, as Lockheed noted at the time, this contract offered the “lowest per-aircraft price in program history,” which undoubtedly helped Lockheed seal the deal.

Big as that sale was, however, the contract Lockheed just won easily eclipses it.

Click the link below for the full story!

Lockheed Martin Lands 255-Jet Fighter Order

Image from lockheedmartin.com

Tag: Pentagon (Page 2 of 2)

Two U.S. Marines Killed in Arizona Helicopter Crash

Lockheed Martin Lands $22.7 Billion 255-Jet Fighter Order

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