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The Latest Breaking News from Lockheed Martin Corp

Lockheed Isn't Waiting For Pentagon Orders Anymore

For decades, the U.S. defense industry has followed a familiar playbook: the Pentagon identifies a need, issues a request for proposals, and contractors compete to build the winning system. According to Lockheed Martin Corp (NYSE:LMT), that model is changing.

Benzinga

Lockheed Martin Stock Surges on Geopolitical Tensions and Strong Defense Demand

Lockheed Martin Corp. shares climbed sharply in recent trading, reflecting heightened investor confidence in the defense sector amid ongoing global conflicts and robust U.S. military spending priorities.

International Business Times

Trump's 'Golden Dome For America' Continues to Take Shape, Says Lockheed Martin: 'We're Ready and Well-Positioned'

Leading U.S. defense contractor, Lockheed Martin Corp.’s (NYSE:LMT) CEO, Jim Taiclet, expressed optimism regarding President Donald Trump’s ambitious “Golden Dome For America” initiative, and said that the company was well-positioned to contribute.

Benzinga

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Howard Lutnick's Push For Government Ownership In Intel, Defense Giants Sparks Wall Street Concern

Commerce Secretary Howard Lutnick is creating an “investment accelerator” within his department, targeting major corporations, including Intel Corp. (NASDAQ:INTC) and Lockheed Martin Corp. (NYSE:LMT).

Benzinga

Rising Geopolitical Tensions And Flashpoints Undergird Direxion's LMTL, LMTS ETFs

As one of the premier aerospace and defense contractors, Lockheed Martin Corp (NYSE:LMT) represents somewhat of an oddity in the equities arena. Typically, geopolitical tensions aren't conducive to capital growth. For one thing, investors tend to demand higher risk premiums (relative to so-called risk-free assets like U.S. Treasuries), thereby leading…

Benzinga

ULA Once Dismissed Elon Musk's Approach To Space Travel — Now SpaceX Has Launched The Same Reusable Rocket 30 Times

United Launch Alliance, or ULA, a joint venture between Lockheed Martin Corp (NYSE:LMT) and Boeing Co. (NYSE:BA), once dismissed Elon Musk and SpaceX's approach to reusable rockets: now, SpaceX has vindicated its approach with its recent progress.

Benzinga

Lockheed Martin Faces Investor Class Action Over $3.3 Billion Losses As Securities Fraud Probe Heats Up Ahead Of Deadline

Law firm Faruqi Faruqi LLP is investigating potential claims against Lockheed Martin Corp. (NYSE:LMT) as investors face a September 26 deadline to seek lead plaintiff status in a federal securities class action.

Benzinga

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Ukraine's $150 Billion Commitment To Buy US Weapons Could Hand RTX, Lockheed And Northrop Billions

Ukraine is reportedly promising to buy $100 billion worth of American weapons, financed by Europe, in return for a security guarantee by the U.S.

Benzinga

Lockheed Martin Scores $14 Billion Canada Win As Military Snubs EU Jets Despite 45% Cost Surge: Report

Canadian defense officials strongly recommend sticking with Lockheed Martin Corp. (NYSE:LMT) F-35 fighter jets over European alternatives, despite cost overruns threatening the C$19 billion ($14 billion) program.

Benzinga

Shopify And Lockheed Martin: New Direxion ETFs Turn Daily Moves Into Trading Ammo

Whether you're watching flash sales or flashpoints, there's now a high-octane ETF for that. Direxion just launched four new single-stock ETFs targeting two very different beasts: e-commerce disruptor Shopify Inc (NASDAQ:SHOP) and defense giant Lockheed Martin Corp (NYSE:LMT). And both are loaded for short-term tactical trading.

Benzinga

Pentagon Tests AI Models By Microsoft, OpenAI To Ease Transition From Palantir, Lockheed Martin

In a bid to reduce dependency on vendors like Palantir Technologies Inc. (NASDAQ:PLTR) and Lockheed Martin Corp. (NYSE:LMT), the Pentagon is experimenting with AI models from Microsoft Corp. (NASDAQ:MSFT) and OpenAI.

Benzinga

Lockheed Martin Confirms Talks With US Over Trump's $175 Billion 'Golden Dome' Missile Shield — CEO James Taiclet Says No Contracts Yet, LMT Is 'All In'

Defense giant Lockheed Martin Corp. (NYSE:LMT) has confirmed that the company is in discussions with the U.S. government about the architecture of President Donald Trump’s proposed “Golden Dome” missile defense system.

Benzinga

Lockheed Martin Tops Defense Peers In Capital Efficiency — But Market Isn't Impressed

Lockheed Martin Corp. is a defense company that uses its capital to generate profits most efficiently as compared to its peers; however, the year-over-year growth of this specific metric has been tepid.

Benzinga

Another Lockheed Martin Missile Could Be Heading To Ukraine; Here's How Its Stock Is Doing

The prospects of American-supplied missiles in Ukraine's war against Russia aren't the only things preparing for launch; U.S. military contractor Lockheed Martin Corp.'s stock price is also blasting off to new heights.

International Business Times

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The Independent UK

China sanctions several Lockheed Martin units, three executives over arms deals with Taiwan

China says it has banned a number of business units of American aviation maker Lockheed Martin Corporation and three of its executives over arms deals with Taiwan, the self-ruling island it claims as its own territory

Tribune News Service

Pentagon puts priority on replacing munitions in 2024 budget

WASHINGTON — The Pentagon’s $170 billion procurement request for the new fiscal year focuses on replacing munitions supplied to Ukraine as well as well as weapons like long-range missiles, which would be necessary in a conflict with China, according to an internal budget document.

Asharq Al-Awsat

Top US Lawmaker Objects to Potential F-16 Sale to Türkiye

The Biden administration has told Congress it is preparing the potential $20 billion sale of F-16 fighter jets to Türkiye, sources familiar with the matter said on Friday, sparking an immediate objection from a senior US lawmaker who has long opposed the deal. The State Department sent the informal notice…

The Independent UK

Canada finalizes agreement to buy 88 US F-35 fighter jets

Canada has finalized an agreement with Lockheed Martin Corp. and the United States government to purchase 88 F-35 fighter jets

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Asharq Al-Awsat

Biden Authorizes New $275 Mln in Military Aid for Ukraine

US President Joe Biden on Friday authorized fresh $275 million in military aid for Ukraine offering new capabilities to defeat drones and strengthen air defenses, according to a memo released by the White House. The package also includes rockets for High Mobility Artillery Rocket System (HIMARS) launchers made by Lockheed…

Reuters

U.S. to send Ukraine anti-drone, air defense aid worth $275 million

(This Dec. 8 story has been refiled to remove an extraneous paragraph)

Bangkok Post

U.S.-Europe Trade Booms as Old Allies Draw Closer

The global economic map is rapidly transforming, with trade and investment between the U.S. and Europe booming as Russia's war in Ukraine and fraying ties between the West and China draw the transatlantic allies closer.

Tribune News Service

F-35 jet funding is running $1.4 billion short, Pentagon tells Congress

WASHINGTON — The Pentagon has found that it’s $1.4 billion short of funds for the next major contract to buy F-35 fighter jets from Lockheed Martin Corp., according to a new list of so-called unfunded priorities sent to Congress.

Tribune News Service

F-35 deliveries to resume after Chinese alloy prompted halt

WASHINGTON — Deliveries of Lockheed Martin Corp.’s F-35 will resume after the Pentagon’s acquisitions chief issued a “national security” waiver from a ban on a Chinese alloy used in a component on the fighter jet.

Reuters

F-35 jet deliveries can resume following waiver for Chinese-origin alloy, Pentagon says

Deliveries can resume for Lockheed Martin Corp's F-35 jet under a waiver allowing Chinese-origin alloy to go into an engine part, the Pentagon said on Saturday.

Asharq Al-Awsat

Pentagon and Lockheed Reach Deal to Build 375 F-35 Fighter Jets

The US Department of Defense agreed with Lockheed Martin Corp to build about 375 F-35 fighter jets over three years, the two parties said on Monday, amid expectations the price of the most common version of the aircraft would increase due to inflation and slower production. "We are pleased to…

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