how would you characterize the relationship between the pentagon and lockheed martin?record, after bein job for only inin the j month, standing up and saying it was the worst relationship i had seen in my acquionr. >> martin: these planes coming off the lockheed martin assembly line in fort worth cost $115 million apiece, a price tag bogdan has to drastically reduce if the pentagon can ever afford to buy the 2,400 planes it wants. >> bogdan: i know where every single airplane in the production line is on any given day. you know why that's important? because lockheed martin doesn't get paid their profit unless each and every airplane meets each station on time with the right quality. >> martin: so if this plane doesn't get from that station to this station... >> bogdan: on time with the right quality, they're going to lose some of their fee. you've got to perform to make your profit. >> martin: they must love you at lockheed martin. >> bogdan: i try and be fair, david, and if they want what i call "winner's profit," they have to act like and perform like winners, and th

when lockheed martin leaves their site next year 52 acres will be up for grabs. there is now a price tag attached to the huge property. [ michael strahan ] i'm michael strahan, and i love new york. there's no place like it in the world. my favorite thing is the excitement of the outdoors. like rock climbing in the catskills, rafting in the adirondacks, surfing on long island, or getting your heart racing at watkins glen international. come discover your favorite part of new york. plan your summer vacation at iloveny.com there's something for everyone. >> we know the price tag for the lockheed martin site. $30 million. the 52 acre campus is on route 332 bypass. lockheed martin officials announced last year the site would close in 2015. 300 employees are relocated to the company's facility in denver. the property includes three main office buildings and a stand alone conference center. >> the final turn for a south jersey trucking term tops the business headlines from the philadelphia business journal. it's going out of business with 1500 employees losing jobs. reb

. >>> breaking news right now on lockheed and we go to jane wells in los angeles. >> lockheed martin's ceo is doing a media briefing as shares are close to the all-time high. she updated on the f-35, the most expensive program in pentagon history. it will debut at farm borough, the air show next month, and says it appears to be on track for the u.s. marine corps to have the first ones ready to fly next year. they talked about a couple things about the sr-72 aircraft concept, which if it goes into production, it will have mach six times the speed of sound and she's talking about international sales currently around 17%, she hopes to get those above 20% in the next year or so, but in terms of r & d, the emphasize on hurl focus is not defense related. there was a lot of talk about the growing world population, and that lock heeled martin is working on a molecular water filtration system to make even saltwater drinkable, new energy research they're doing to convert ocean thermal differences into energy, tidal power, wave energy, and using robots not for defense. she emphasized for agricult

lockheed martin has turned to international partners including britain australia and canada collectively the countries have invested more than twenty billion dollars buying up the war craft a weapon that many experts view as a global gamble there's never been anything anywhere near as expensive and the entire process is one in which the costs can only go up. the other problem is that the more they spend in the more the united states and the manufacturer and now a whole bunch of other countries become invested more they have to go ahead any of these countries that want to become good feel that they have no choice boosting demand from foreign investors is believed to be essential for the pentagon and lockheed martin why because the more f. thirty five are produced the cheaper each jet. arena for niamh hearty. well the f. thirty five has been suffering one sent back after another in the most recent case the entire fleet was grounded and testing was suspended after one of the planes suffered an oil leak but the engines are not the only parts where the aircraft is experiencing problems in fac

thirty five fighter jet is manufactured by lockheed martin combining state of the art technology with highly advanced avionics and maneuverability the pentagon plans to buy nearly twenty five hundred f. thirty five but delays and cost increases have left u.s. lawmakers frustrated over the three hundred eighty five the billion dollar price tag and that's where america's allies come in. lockheed martin has turned to international partners including britain australia and canada collectively the countries have invested more than twenty billion dollars buying up the war craft a weapon that many experts view as a global gamble there's never been anything anywhere near as expensive and the entire process is one in which the costs can only go. the other problem is that the more they spend in the more the united states. and the manufacturer and now a whole bunch of other countries become invested in the more they have to go ahead in any of these countries that want to become good feel that they have no choice boosting demand from foreign investors is believed to be essential for the pentagon a

. >> hello, i am morgan johnson with lockheed martin.i have heard information sharing one million times today and the importance between the two way medication. -- communication. you spoke about leveraging what the private sector does in terms of being able to respond to things in a timely manner. can you talk about what the government is doing to make sure that communication is going both ways? >> sure. first of all, an indigenous tree like you are involved in, there is daily contact -- in an industry like you are involved in, there is daily contact. for two primary reasons, proprietary information that you guys are being hacked on every day and these adversaries are attempting to obtain information in those areas. and if we do not constantly engage with you, we're going to fall behind that curve. you are the prime example of the way the government can develop a trust relationship. because you need us as much as we need you. a financial institution needs us as much as we need them. a small business person really does not trust the gover

and we are pointing out that lockheed beat out raytheon for this contract. >> how have astronauts dealte junk in the past? old system. a very the air force system was installed in 1961. a representative from lockheed martin said, we're going to know a lot more about what is in space, what kind of debris we are talking about with this new system. the current system candidate the -- can detect debris size of a basketball. the new radar will be able to detect it the size of a baseball. we are talking about old satellites, rocket boosters, even old school bags, a spatula, all of it from earlier collisions. perspective,ore they have about 20,000 pieces of that debris catalog. this new system is expected to bring that number up to 200,000. they will have a lot more data. and nasa says something as small as a speck of paint can actually cause damage because of the velocity we are talking about. this is an important investment. >> why is a spatula floating around in space? >> well, you know, any kind of collision that you are talking , you have a satellite that explodes, everything on board wil

the f-16 iq, a multibillion dollar order for lockheed. live leak had a video last week of the first one being delivered in ft. worth to the iraqi ambassador. reportedly fully loaded including missiles by raytheon. lockheed says the iraqi orders will keep the f-16 assembly line alive through 2017. now, iraq has also agreed to buy billions of dollars worth of apache helicopters from boeing, hellfire missiles also made by lockheed. the same time reuters report ee earlier this year that iraq agreed to buy ammunition from iran. this concerns u.s. officials. analysts point out american-supplied equipment in mosul has fallen into the hands of gjihadists. quote, policymakers will be questioning the effectiveness of providing baghdad with even more military hardware, though it does expect to see more u.s. missile equipped drone activity, not necessarily, though, new drone purchases. defense shares all down today. more than the broader market. as we then look at the year to date of the defense index versus the s&p, a ubs note out yesterday expects,

. >> hello, i am morgan johnson with lockheed martin. i have heard information sharing one million times today and the importance between the two way medication. -- communication. whatpoke about leveraging the private sector does in terms of being able to respond to things in a timely manner. can you talk about what the government is doing to make sure that communication is going both ways? >> sure. first of all, an indigenous tree like you are involved in, there -- in ancontact industry like you are involved in, there is daily can'ontact. for two primary reasons, proprietary information that you guys are being hacked on every these adversaries are attempting to obtain information in those areas. and if we do not constantly engage with you, we're going to fall behind that curve. you are the prime example of the way the government can develop a trust relationship. because you need us as much as we need you. a financial institution needs us as much as we need them. a small business person really does not trust the government, inc. i can do

these are some of the comments he made talking about lockheed and boeing. >> lockheed and boeing aremping on new companies, and they are used to stomping on us. i think we have a shot at prevailing. certainly a small up and, going against these giants. >> going against giants, and, assuming the air force, the air force stands to be their biggest customer, so by making that decision, a controversial decision. he says he has no regrets. he says he was forced into it. he says spacex had no other option. >> we were talking about eric cantor earlier and about tech lobbying in washington. do you think we are going to see more of that now? is no questione about it, and if eric cantor leaves, someone else has to step up. some of the technology issues going forward for people and elon musk, it is front and center. we should be seeing more of elon musk and the tech community coming year. if they are game for the fight. but that is the question. not everyone is game for the fight here in d.c. but thank you for watching this edition of "bloomberg west." you have all of the headlines at the top o

thirty five fighter jets south korea just concluded its own negotiations with lockheed martin for a six point eight billion dollars contract for f. thirty five fighter jets we had two additional ballistic missile defense ships are headed to japan to go in line with the extra missile defense radar system that's being slotted into japan we have the possibility being floated of missile defense system being situated directly in south korea that would. b a first we had to go recently touting some sales of apache helicopters to indonesia we recently had for example the united states assigning a ten year agreement to expand its military presence in the philippines there are a lot of signs that should be worrying to china in all of that and on the flip side of it china certainly has been showing more of its naval presence in the south china sea area putting in an oil rig directly in disputed waters that we have nam claims as part of its own economic exclusion zone so i think we see definitely some brinksmanship happening on both sides right now but the u.s. says that it's to enhance regional se

assistant attorney general david baron that outlined the legal case for the strike that killed a lockheed on surprisingly the obama administration memo relies almost entirely on the authorization for use of military force a bra be awarded a law passed in the immediate wake of september eleventh that allows the president to use force against members of al-qaeda but even the memo notes that quote there is no precedent directly addressing the question in circumstances such as those present here.

martin that built ten spacecrafts for nasa. >> first one that lockheed martin will be involved in andhat's very exciting. >> reporter: their goal is to get people there by 2025. >> i think it's unrealistic. i think they have underestimated what it means to sustain a person in a hostile environment. the trip is one way. they'll set up a permanent mars colony. who would sign up for such an adventure? 200,000 worldwide sent in app applicati applications. the six made the second round of cuts. why would anyone want to take a one-way trip to another planet? >> i grow grew up watching star trek with my dad. >> i wanted to be a doctor and i wanted to go to space. i'm a doctor. >> they're saying it's a suicide mission, you're going to die on mars. but you're going to die here. >> reporter: is one way the best way? >> you got to applaud their enthusiasm. still astronaut twin brothers, scott and mark kelly have their doubts. >> we didn't send people to the moon on a one-way trip for the first time. >> reporter: mars i is a private venture, these candidates thought about the risks and rewards. y

. >>> lockheed martin announced it has reached a deal to acquire san jose's deposition sciences.the company makes thin coatings, and applies 85 people. the financial terms of the deal weren't released. but lockheed says deposition sciences would be integrated into its aeronautic division. >>> the dow raised 90 points, the nasdaq gained 25. >>> fed chair janet yellen announced another slow down in stimulus because the economy is improving, but she said the job market is still lagging. she also said there is no -- >>> actor michael jace and pled not guilty to killing his wife. he is accused of killing his wife last month. the judge set bail at $2 million. michael jace is due back in court on august 1. >>> a first for amazon. the company's first play in the smartphone market, and what sets this hand held apart from others. >> the gradual shift in our weather. rosemary orozco back in five minutes. >> less than two minutes, airport parking without the price. it's getting some drivers in trouble and sparked a crackdown. bulldog: ah, the dog days of summer! time to celebrate with your m

the thing about lockheed martin is it has crushed the market over the last two years.g move for them. stuart: we think google and avalanche facebook carmaking the moves. that is interesting. next up, panera. i understand it is going all natural. tell me about that. >> the ceo says listen, i want to serve the kind of food i want to lead. panera was among the first to go to chicken without antibiotics and calorie count on the menu so right now you see the stock down 1/4% and now getting rid of all the additives. there is the indulgent product on the menu, you won't have the extra stuffing you don't really needs, caramel cover, so when you go through bit by bit, the turkey and the homeless, trying to get rid of them. stuart: i hear it. one more time, back to you, the $15 minimum wage in seattle and jobless rate above 50% in some places around where you are. what do you say about the economy? >> this is really stupid move. we have been talking for months how politicians just can't seem to leave things alone. talk to small businesses, this is the worst thing you can do. the

quote, all lockheed martin employees are safe and security at this time.oeing telling us it does not comment on the status of employees overseas. it owns in situ, but the operators to run them in foreign theaters. it's unknown if there's any in situ employees in threatened areas, though there have been employees at balad. "the washington post" reports siemens is working to get about 50 employees out. "ed daily mail" reports that several hundred american contractors still want to leave. mean thai the post reports that personnel at the embass in baghdad are staying put and protective services like dyncorp saying it won't discuss security measures, but triple canopy says it is monitoring the situation and assuring the safety of our clients and employees. >>> with more on what's happening on the ground, this is obviously a quick-developing situation. >> lightning ped. the government still working on a possible response to the mill tans who overran the second largest city this weekend. president obama spoke last hour about what he is considering as a responsibl

shares of lockheed martin today? what are they doing? they've had quite a run over the past year, up about 52%. now, however there is trouble on the deck. jane wells is live in l.a. >> an oil leak caused an emergency during a test flight of the f-35-b overiuma. here is earlier video. after the pilot shut down the engine and landed the plane safely, the pentagon grounded the entire fleet of f-35s, as, bs and cs, so the oil flow management valve could be checked. this is the second time an engine issue has grounded it. the earlier one pratt & whitney, which makes the engine tells cnbc this move was precautionary and as of saturday evening, nearly all aircraft have been expected and returned to flight status. we anticipate concluding inspections by the end of the day, monday. it's now trying to determine the cause, lockheed martin, which tells the plane, tells us engines and other appear fine. at yuma, quote, there have been three suspect findings. now, the pratt & whitney engine is one reason the plane vastly exceeded initial cost estimate

. >>> also today, jet maker lockheed martin said it's too soon to say how violence in iraq would affect delivery of new f-16 fighters. the company is under contract to provide 36 fighter plays to the iraqi government. the cost is $3,000,000,000. the lockheed martin official said the unrest could stop the delivery scheduled for later this year have. >>> president obama gave his first public reaction to the explosion of violence in iraq. he said he hasn't ruled out any response. >>> republicans say the u.s. must do more soon and they are blaming the president for pulling troops out. mike mcca mike viqueira is at the whitehouse with more? >> it's a measure of how serious this has become. president obama who has spent the better part of the last three years talking about what a success his iraq policy is talking about direct military intervention in iraq. >> reporter: describing the situation in iraq as an emergency, president obama says american airstrikes might be needed in the face of insurgent gains. >> iraq is going to need more help. it's going to need more help from us. and it's goin

gotten so bad lockheed martin will evacuate employee from northern iraq. u.s. considering various military options including airstrike but u.s. troops will not be put on the ground in iraq according to the president. >> oakland police looking for 3 men accused of kidnapping and raping a 13-year-old girl. police said girl walking on coral road last friday when car pulled up right next to her. 3 men in late teens early 20's forced her natural car at gun point then they assaulted her. then dropped off on dover street at 55. car described as newer model burgundy 4 door sedan. >> bay area woman and boyfriend facing murder charges accused of killing the father of her children. prosecutors say or tests and ortiz shot 43-year-old oscar in san pablo sunday morning and took the 3 children. police believe the shooting happened because of a contentious child custody ballots between about them. children now in the care of protective services. >> the owner of coffee shop in west oakland repairing the damage after senseless act of vandalism. 2 guys caught on video tossing chu

lockheed martin is going to make them and be nine years behind and 8 zillion dollars over budget. >> stuck behind a lady putting makeup on. in the air next to her? >> well, that's sexist. as far as flying cars go finally. i have been waiting for this. innovation is great, b yes, the american people would like to government to step in and regulate it. >> that's the bell. that's how this work, round three. is global warming causing more couples to cheat? a dating website showing folks are more likely to get frisky with others when temperatures rise. is it getting hot in here? >> i can tell you something, al gore's never met my wife. i can see me coming home late one night and saying oh, by the way, i'm late. you were out fooling around. oh, no, the temperature went up. of course. i'll get shot in a second. he's nuts. >> go to michelle. your thoughts on this study. >> using global warming as an excuse to cheat on you, you need to dump him. if you were dating a guy who believes in global warming period, you need to dump in. we don't have a global climate crisis. we have a moral climate c

iris was launched last summer and is launched by the lockheed martin lab. >> we always have to bring it back here to the bay area. >> have to bring it home. >> speaking of, anthony will tell us about the weather around here. >> it was boueautiful. even in san francisco, 71 degrees but with fog and drizzle downtown, only 62. look what happened tomorrow. livermoore, about 15 degrees down. 62 for tomorrow. dramatic drop-off in temperatures coming our way for tomorrow. and also for tuesday for that matter p. that marine layer stacking up against the coast. you can see already building into san francisco across the inner bay as well. now it will intensify this as we have a system dropping through the pacific. you can see the swirl there and that's the area of low pressure that will move ashore. and that will allow for the fog and drizzle to intensify as we head through the next 24 to 48 hours. here it goes on the move as we head through the next couple of days. not giving us any rain or showers for that matter. but we will get drizzle up the coastline anding iffy mornings. it will stay fo

december speed that shares of lockheed were off to $162.45. >>> mainhaynes is buying db app. it lets haynes expand in europe. shares jumped to 9 6.72. >>> bed bath and beyond shares fell after quarterly earnings that missed estimates. sells came in below and earnings guidance. the stock fell as much as 7% in half hours trading. the stock was up a fraction to 61.11 in the regular session. >>> a warning today from a federal financial regulator about a return to perhaps risky bank lending. the office of the comptroller said low interest rates and tough competition are leading banks to loosen lending standards again and that could mean more risky loans are being made right now. >>> another stern warning, this time from robert mertin. the professor said 401 k retirement accounts are facing a crisis. he says that administrators need to overhaul from target date funds and the obsession of returns he suggestions they focus on the amount of sustainable income employees should expect to receive after they retire. >>> coming up, investors got a peak inside google's product line, you wil

gotten so bad lockheed martin will evacuate employee from northern iraq. u.s. considering various military options including airstrike but u.s. troops will not be put on the ground in iraq according to the president. >> oakland police looking for 3 men accused of kidnapping and raping a 13-year-old girl. police said girl walking on coral road last friday when car pulled up right next to her. 3 men in late teens early 20's forced her natural car at gun point then they assaulted her. then dropped off on dover street at 55. car described as newer model burgundy 4 door sedan. >> bay area woman and boyfriend facing murder charges accused of killing the father of her children. prosecutors say or tests and ortiz shot 43-year-old oscar in san pablo sunday morning and took the 3 children. police believe the shooting happened because of a contentious child custody ballots between about them. children now in the care of protective services. >> the owner of coffee shop in west oakland repairing the damage after senseless act of vandalism. 2 guys caught on video tossing chu

lockheed said the instruments were produced at one of its labs in palo alto. one of those instruments, the iris controlled by nasa, aims as well as moffit field. the fibers could fit right on that part of the sun and 7 1/2ers tall. >> my goodness. that is incredible. this, also, incredible, a bear in a hammock. i can't even get in a hammock, but the black bear got in the hammock. he just makes himself right there at home. taking a break from whatever black bears do. people in the area say they've seen this bear all othver the neighborhood. the homeowner has taken down the hammock. >> now the bear's going to have to mow the lawn. >> the hammock should stay. >>> thanks for joining us. our next newscast at 5:00. first, mike honda stubbornly refused all debates. now honda's slinging mud, launching false attacks. isn't it time to put the old politics aside? the chronicle endorses ro khanna, saying he "offers an upgrade in congress for silicon valley." and the mercury news says, "ro khanna is ready for the congress of tomorrow... ...while honda is a politician of th

gotten so bad lockheed martin will evacuate employee from northern iraq. u.s.trike but u.s. troops will not be put on the ground in iraq according to the president.>> oakland police loo3 men accused of kidnapping and raping a 13-year-old girl. police said girl walking on coral road last friday when car pulled up right next to her. 3 men in late teens early 20's forced her natural car at gun point then they assaulted her. then dropped off on dover street at 55. car described as newer model burgundy 4 door sedan. >> bay area woman and boyfriend facing murder charges accused of killing the father of her children. prosecutors say or tests and ortiz shot 43-year-old oscar in san pablo sunday morning and took the 3 children. police believe the shooting happened