55.6 F
Fort Worth
Saturday, October 24, 2020
Government Fort Worth stands to benefit from potential Lockheed Martin contract

Fort Worth stands to benefit from potential Lockheed Martin contract

Other News

A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors....

Commentary: Universities and COVID-19: Charting turbulent times

Ray Perryman As the COVID-19 pandemic emerged this spring, college campuses across the United States swiftly sent students...

Lockheed Martin Corp.’s economic impact on Fort Worth could soar even higher if the Maryland-based firm secures a federal contract to provide trainer aircraft for the U.S. Air Force, according to company officials.

“Some of the work is going to be done right here in Fort Worth, Texas,” said Orlando Carvalho, executive vice president of Lockheed Martin Aeronautics, the Maryland company’s Fort Worth-based aeronautics division.

But final assembly of the T-50A would occur in the company’s Greenville, S.C. facility, though Fort Worth also would play a part, Carvalho told community leaders and industry executives at an Aug. 18 Fort Worth Chamber of Commerce luncheon at the Petroleum Club.

In the past year alone, another fighter aircraft has kept the Fort Worth operation busy while enriching the area economy. The F-35 fighter program has delivered $3.4 billion in direct and indirect economic impact to the area, benefited 78 state suppliers, and provided about 39,000 direct and indirect jobs, Carvalho said.

“That’s at a production rate of a third of where we’re going to be at full rate,” Carvalho said.

Carvalho’s presentation came only two days after he and other company officials cut the ribbon on a newly opened advanced pilot training facility in Greenville, South Carolina. The refurbished facility will house the firm’s Ground Base Training System, as well as manufacturing hardware for final assembly for the T-50A trainer aircraft.

Lockheed Martin is one of four bidders hoping to secure the Air Force contract.

Latest News

Who killed Sweden’s prime minister? 1986 assassination of Olof Palme is finally solved – maybe

Andrew Nestingen, University of Washington It took 34 years,...

Fort Worth Police seeking man who robbed diners on Southside restaurant patio

Fort Worth Police are seeking a man who robbed diners at an outdoor patio on Hemphill Street on the city's Southside.

Democratic state Rep. Senfronia Thompson files to run for speaker of the Texas House

By Cassandra Pollock, The Texas Tribune Oct. 23, 2020 "Democratic state Rep. Senfronia Thompson...

Europe, U.S. watch case totals grow, debate new restrictions

CHICAGO (AP) — Confirmed coronavirus infections continued to soar Saturday in many parts of the U.S. and Europe. In some cases, so...

Authorities find 2 abducted girls after 2 boys are killed

By HEATHER HOLLINGSWORTH The Associated PressMISSION, Kan. (AP) — Authorities found two girls who were abducted from a Kansas home where two...