Defense officials now talk about what this means for the program. As i have consistently said, the f35 Program Remains one of my top acquisition and sustainment priorities. Earlier this month at our last press briefing, i made a commitment to come back to you when we were ready to announce the next f35 contract. So here we are. As the f35 Program Milestone authority, alongside Lieutenant General eric, the f35 Program Executive officer, were here to announce the u. S. Department of defense and Lockheed Martin have made tremendous progress and now have an Agreement Regarding the lot 12 through 14 production contract. This is an historic milestone for the f35 enterprise as the f35 is our largest tack air investment and will form the backbone of the u. S. And allied fifth generation inventory for the foreseeable future. Ans and the joint Program Office are laser focused on driving cost out, quality up, and achieving timely deliveries of our capability to our war fighters. With respect to o
As the f35 Program Milestone authority, alongside Lieutenant General eric fick, the f35 Program Executive officer, were here to announce that the u. S. Department of defense and Lockheed Martin have made tremendous progress and now have an Agreement Regarding the lot 12 through 14 production contract. This is a new, stark milestone for the f35 enterprise, as the f35 is our largest tacair investment and will form the backbone of the u. S. And allied fifthgeneration inventory for the foreseeable future. A s and the joint Program Office are laserfocused on driving cost out, quality up, and achieving timely deliveries of our capability to our warfighters. With respect to ontime delivery, we have exceeded the total aircraft quantity wepe delivered to the warfighter last year, and we have a 96 ontime delivery rate, a tremendous improvement from where we were last year, with an average ontime delivery rate of 64 . On quality, while we have made progress, there are still significant opportunit
Projects around the world ideas the protect the climate boost Clean Energy Solutions and reforestation. Using interactive content to inspire people to take action google audience and series of global 3000 on t. W. And online. Cut. Pressure is mounting over turkeys offensive in november syria they can all make sanctions against iran are are looming large and companies such as fox wagon are reassessing their business in turkey also on the program the International Monetary fund puts Global Economic growth at the lowest level since the financial crisis he says the situation is precarious there is no room for policy mistakes and ecuador is returning to normal after extensive violent protests over the ditching ugh. Fuel price subsidies. Im for scoble welcome to the program turkeys invasion and Northern Syria has shocked leaders in europe and the United States from across the political spectrum u. S. Vice president mike pence and secretary of state my pompeo are in turkey on wednesday trying
Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th
S p up s p up and the dow indicated up look at what happened overnight in asia. The nikkei opened up in europe where there is active trading, youll see green ar owes across the board. The ftse was up more than half a percent. Youll see at least the 10year is yielding 1. 8 big news, weworks board now weighing two competing Financial Rescue offers. Expected to accept an offer from softbank to take a controlling stake in the company the decision could come as err will early as today the are rescue package from sofk to buy up to 3 billion in shares held by other investors they would also put together 5 billion in loans sources say theyll pay the founder adam neumann up hundreds of millions to leave you are paying him twice. Hes the only one who has made money on this deal. Meanwhile, theyll begin layoffs almost immediately of almost 2,000 people. One of the reasons they delayed the layoffs is they couldnt afford the severance youll wait here for adam neumann to go home im told that will ke