Lockheed Martin And The Controversial F-35

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Michael P. Hughes

Keywords

Defense Contracts, Government Contracts, Finance, Corruption, Scandal, Management

Abstract

Over the course several years - from late in the 1950s to the early 1970s - Lockheed was embroiled in the Deal of the Century where the company was found guilty of bribing foreign countries governments to select the Lockheed F-104 Starfighter over arguably better alternatives in addressing those nations respective air force needs. Today, Lockheed Martin is the leading contractor on the F-35 Lightning II project, which is intended to produce the worlds most advanced stealth strike-fighter for US armed forces and those of several allied foreign nations. However, the F-35 program has become the single most expensive project in American history and has been beset with serious technical problems, major schedule delays, cost overruns, and the F-35s performance capabilities are seen by many as inferior to the nations potential adversaries fighter aircraft, if not inferior to the aircraft it is intended to replace.

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