Lockheed Martin moving F-16 production to SC

F-16 pilot from the 169th Fighter Wing, South Carolina Air National Guard flies a training mission in the KIWI MOA airspace over the coast of North Carolina.

Lockheed Martin is moving F-16 fighter jet production from Texas to Greenville, S.C.

News media outlets report the company is moving production of the warplane nicknamed the Fighting Falcon to Greenville.

Representatives with Lockheed Martin in Fort Worth say moving production of F-16s to SC will help increase production locally of F-35s, adding almost 2,000 jobs by 2020. "The space we use for the F-16 will be consumed by the F-35".

The move is expected to create about 250 jobs in Greenville.

Defense One reported that the United States has not purchased F-16s since 1999, but Lockheed Martin has orders from several other countries.

Erickson said Lockheed's Greenville complex could wind up making more F-16s than just the 19 proposed to be sold to Bahrain.

Lockheed's plan for the multibillion-dollar Air Force contract is to import the existing T50A trainer jet from South Korea, where it's manufactured by Korea Aerospace Industries, and assemble the pieces at its local complex, adding 200 jobs.

Lockheed Martin spokeswoman Leslie Farmer says the last F-16 in Texas should be complete in September.

The policy shift has put a big questions mark over Lockheed Martin's and also Boeing's pitch to manufacture the F-16 and the F/A-18 aircraft in India under the "Make in India" Program.

Secondly, the Greenville plant is where the new T-50A trainer will be built if it wins a competition to build the aircraft for the Air Force.

Lockheed Martin now maintains and modifies different air frames at its Greenville County facility. It is expected they will transition to the F-35, the newspaper reported. Last year, Lockheed built about 50 F-35s and expects to build up to 160 a year by 2019.

Recommended News

  • Two Harbors Investment Corp. (TWO) Insider Ownership stands at 1

    The stock is now moving above its 20-Day Simple Moving Average of 6.95% with the 50-Day Simple Moving Average of 6.95 percent. The operating profit margin and gross profit margin can be giving more focus view that is 57.70% and 51.50% respectively.
    2 teens found dead in vehicle  in St. Charles

    2 teens found dead in vehicle in St. Charles

    Deputy Police Chief David Kintz said the bodies of a man and woman were found in the back seat of a auto off 17th Street in St. Those in the auto have been identified as Adalina Elizabeth Donoso, 18, of Racine, Wis., and Kody R.
    Monica Crowley Insists Plagiarism Scandal Was 'Political Hit Job,' 'It's Been Debunked'

    Monica Crowley Insists Plagiarism Scandal Was 'Political Hit Job,' 'It's Been Debunked'

    Instead, after reading texts side by side with footnotes, I came away impressed by the very high quality and care taken by Ms. The plagiarism charge seems to be correct - see below a side-by-side comparison.
  • Los Angeles Lakers signing David Nwaba to two-year deal

    Los Angeles Lakers signing David Nwaba to two-year deal

    But as he's proven in his time with the Lakers, Nwaba is not looking to stop now that he's reached some success. He has been the Lakers' best perimeter defender - not a hard bar to reach but a notable one nonetheless.
    'Beauty and the Beast' stars join James Corden for 'Crosswalk Musical'

    'Beauty and the Beast' stars join James Corden for 'Crosswalk Musical'

    His sexuality is not overplayed, and takes more of a role as character development than as an overarching theme. They step out onto the crosswalk to perform the movie's musical numbers while the traffic light is red.
    Maddie Ziegler on 'Dance Moms' Days: 'I Was Stressed Out at 11′

    Maddie Ziegler on 'Dance Moms' Days: 'I Was Stressed Out at 11′

    I was stressed at 11 years old, which shouldn't happen.' 'A trophy doesn't mean anything, ' she also added. "I'm done competing. After she left "Dance Moms", Maddie was featured in many successful music videos such as "Chandelier" by the pop star, Sia.
  • Financial Advisers Get DOL Guidance on Fiduciary Rule Delay

    Financial Advisers Get DOL Guidance on Fiduciary Rule Delay

    We've covered this regulation for nearly seven years, and we think advisers deserve better than the perpetual runaround. No one likes being regulated, and no one likes being taken advantage of.
    Why to Keeping Eye on Lockheed Martin Corporation (LMT), Comerica Incorporated (CMA)?

    Why to Keeping Eye on Lockheed Martin Corporation (LMT), Comerica Incorporated (CMA)?

    In ratings table the TEX given BUY ratings by 8 analysts in current phase and 1 analyst suggest it as overweight security. The stock is going forward its fifty-two week low with 28.73% and lagging behind from its 52-week high price with 0.48%.

    Crazy Volume Spikes for: Auris Medical Holding AG (NASDAQ:EARS)

    The stock is now moving above its 20-Day Simple Moving Average of -14.13% with the 50-Day Simple Moving Average of -14.13 percent. The consensus recommendation by Thomson Reuters analysts is Buy and their mean rating for the stock is 1.00 on scale of 1-5.
  • Street Target Update on Apollo Commercial Real Estate Finance (NYSE:ARI)

    Street Target Update on Apollo Commercial Real Estate Finance (NYSE:ARI)

    The share price has moved backward from its 20 days moving average -2.43% and negatively from its 50 days moving average -9.38%. The Series B Preferred dividend is payable on April 17, 2017 to Series B Preferred stockholders of record as of March 31, 2017.
    Blue Buffalo issues third dog food recall in 2 months

    Blue Buffalo issues third dog food recall in 2 months

    One major dog food company voluntarily is recalling one product over potentially high levels of a beef thyroid hormone. The company says the recalled product is Blue Wilderness Rocky Mountain Recipe Red Meat Dinner Wet Food.

    Average Brokerage Recommendation for Celldex Therapeutics, Inc. (CLDX)

    Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 1.6.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.