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.....

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