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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Pentagon leaders pleased by F-35 improvements

 

Frank Kendall, Under Secretary of Defense for Acquisition, Technology and Logistics at Fort Worth's Lockheed plant on June 13, 2013

Photo by Alyson Peyton Perkins

J. Parker Ragland

Special to the Business Press

Fort Worth - During a news conference Thursday at Fort Worth’s Lockheed plant, Frank Kendall, Under Secretary of Defense for Acquisition, Technology and Logistics, said he is “cautiously optimistic” about increasing production of the F-35.
The F-35 Lightning II is multirole jet that combines stealth technologies with fighter capabilities. The aircraft is a product of the Joint Strike Fighter (JSF) Project. The plane achieved its first flight in December 2006 but is not planned to be introduced into the U.S. Armed Forces until the end of 2015.
Kendall assured that “the development program is executing close to planned. A couple of areas are slipping a little bit in schedule, but the slips are not dramatic.” He continued, “At this point in time, unless there’s a significant surprise, I think we will be able to raise production and have an increased rate in the FY-15 budget, which we’ll be preparing and submitting after the first of the year.”
In 2010, the Defense Department was not as optimistic about the direction of the F-35 program. Since then Lockheed has made several leadership changes in the program.
Currently, the program is about 40 percent of the way through the flight test program, and some of the more difficult software remains incomplete.
Referring to a recent negotiation at Lockheed Martin, Kendall urged that there was a “decidedly different tone” in this meeting than those he has chaired in the past.
To date, 9,300 employees, of the 14,000 employed at Lockheed Martin’s Fort Worth facility, are working on the F-35 program. The overall economic impact to the Fort Worth economy from the F-35 is $4.6 billion, totaling $4.8 billion to the state of Texas.
“Ultimately, it [these changes] will mean that we will get the production rates up to a much higher level; it will mean more work here in Fort Worth and in other places where people are building elements for the F-35,” said Kendall. “We’re right now running at about 30 aircraft per year. We had a little bit for international partners. We plan to ramp up to several times that, ultimately, and that will obviously be an increased capacity and workflow through the factory here.”
 

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