Lockheed may extend metal supply deals
Feb 26, 2014 | 05:40 PM
| Frank Haflich
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 companys 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."
"Were 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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