Lockheed may extend metal supply deals

Feb 26, 2014 | 05:40 PM | Frank Haflich

Tags  Lockheed Martin, Mary Simmerman, metal prices, RTI International Metals, titanium, aerospace, Ace Clearwater Enterprises, General Electric Snecma

LONG BEACH, Calif. — Lockheed Martin Corp. may take advantage of flat metal prices by extending some supply agreements while insisting on lower costs, an executive on the company’s F-35 Lightning Joint Strike Fighter program said this week.

Mary A. Simmerman, vice president of supply chain management for the F-35 at Lockheed Martin Aeronautics Co., Fort Worth, Texas, said metal tags are "stable" this year. Prices had been expected to rise in 2014, which posed "more of a threat."

"We’re not projecting an increase (in metal prices) at this time," Simmerman said on the sidelines of the AeroDef Manufacturing Summit and Exposition in Long Beach.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results