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The Latest Breaking News from Lockheed Martin

Fort Worth’s Bell poised to supply next generation of Army airpower after GAO decision

WASHINGTON — Fort Worth-based Bell notched a significant victory Thursday when a watchdog agency rejected a competitor’s protest of its winning bid to provide the U.S. Army’s next long-range assault aircraft.

Tribune News Service

How to Find the Best Industrial Stocks

Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio.

Kiplinger

Lockheed wins race for Australia's biggest space tender

Launching high-tech jobs and skills, Lockheed Martin has been selected as preferred tenderer for Australia's first sovereign military satellite fleet.

AAP

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Pentagon won't be buying air-launched hypersonic missile after failed test: report

The US Air Force will not use a Lockheed Martin-made hypersonic weapon for its Air-launched Rapid Response Weapon program. Other hypersonic research continues.

Space

Helicopters in Kentucky crash are versatile Army workhorses

Two U.S. Army Black Hawk medical evacuation helicopters crashed during training Wednesday night in Kentucky, killing nine soldiers

The Independent UK

My family was massacred on my wedding day. I hold the US in part responsible

Until Biden fulfills his promise to end arm sales to the Saudis, the US and its largest defense contractors are complicit in war crimes

The Guardian - US

Congress captured by the arms industry

Pentagon budget is stunning even by the standards of a department used to getting what it wants when it wants it

Salon

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North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include Sustainable Business Services, Pacifica Group, Lockheed Martin and Port of Tyne

Birmingham Post

Defence giant Lockheed Martin invests £150k solar power project with Northumbria University

Newcastle expertise will be used to make space-based solar power a reality

Birmingham Post

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.

Tribune News Service

3 Defense Stocks to Help Protect Your Portfolio

Heightened geopolitical tensions have led to an increase in defense spending over the past year. In the face of it, several nations are ramping up their defense budgets, which should help the industry stay afloat. Therefore, it could be rewarding to invest in fundamentally sound defense stocks Lockheed Martin (LMT),…

StockNews.com

The Ukraine economic war: Who's winning?

Neither Ukraine nor Russia is "winning" — but Saudi Arabia, the oil companies and the arms industry certainly are

Salon

China blasts Pentagon official's Taiwan visit, military ties

China has sharply criticized a visit to Taiwan by a senior Pentagon official and reaffirmed sanctions against Lockheed Martin and a unit of Raytheon for supplying military equipment to the self-governing island

The Independent UK

U.S. Air Force Tests X-62 VISTA Aircraft Testing The Use Of AI In Airspace & Defense

Manufacturers say their one-of-a-kind training aircraft was flown by an artificial intelligence agent for more than 17 hours.

Zenger

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Daily Mirror

AI-controlled jet fighter flies for over 17 hours without pilot for first time

The X-62A VISTA (Variable Stability In-Flight Simulator Test Aircraft) was piloted by artificial intelligence agents and flown for more than 17 hours

Reuters

Ukraine war spurs European demand for U.S. arms, but not big-ticket items

European demand for U.S. weaponry is soaring, but instead of big-ticket items like jets and tanks, shopping lists are focused on cheaper, less-sophisticated items such as shoulder-fired missiles, artillery, and drones that have proven critical to Ukraine's war efforts.

Tribune News Service

China hits back at US with sanctions on Lockheed, Raytheon

China imposed fines and sanctions against two U.S. defense companies in a further escalation of tensions between the world’s two biggest economies.

Axios

China sanctions Lockheed Martin and Raytheon over Taiwan sales

The sanctions could have a chilling effect on future sales to Taiwan by companies not yet sanctioned by China.

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news in one place.

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The Independent UK

China sanctions Lockheed Martin, Raytheon for Taiwan sales

China has imposed trade and investment sanctions on U.S. military contractors Lockheed Martin and Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory

The Guardian - AU

Australian War Memorial accepted more than $830,000 from arms manufacturers in three years

Figures released to Senate reignite debate on commemoration of war dead funded by companies that profit from conflict

Evening Standard

How many fighter jets does the UK have? Zelensky seeks ‘jets coalition’

The prime minister said the UK would start training Ukrainian pilots to use Western fighter jets “relatively soon”, helped by the opening of a new flying school

Reuters

Rheinmetall eyes boost in munitions output, HIMARS production in Germany

German arms-maker Rheinmetall is ready to greatly boost the output of tank and artillery munitions to satisfy strong demand in Ukraine and the West, and may start producing HIMARS multiple rocket launchers in Germany, CEO Armin Papperger told Reuters.

ABC News

As the war rages on and military spending booms, the US arms industry is a big winner in Ukraine

Ukraine continues to need American weapons to hold out against Russia, and now a global military spending boom is set to further benefit the US arms industry. There are accusations of "profiteering", but is there any alternative?

Newcastle Herald

20 jobs as Williamtown wins $1.6 million strike fighter contract

Australia expects to have 72 F-35s operational by the end of this year.

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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