The Latest Breaking News from Lockheed

WASHINGTON — Dozens of House members sent a letter to party leaders calling for “immediate action” to restore a more generous tax break for companies’ research and development spending, as senators prepared to weigh in with their own show of support Wednesday.

Dozens of House members called for “immediate action” to restore a more generous tax break for companies’ research and development spending.

Lockheed Martin and Target are among five stocks that are showing relative strength as rising rates and inflation slam the broader market.

Lockheed Martin is the IBD Stock of the Day. LMT stock is among several defense giants in bases trying to bounce off key support levels.

Hundreds of Australians wrote letters saying sponsorship deals with arms manufacturers are ‘degrading to the memory of our war dead’

Investors continued to digest earnings reports this week and are preparing for results from Netflix after the close.

"Global events this quarter marked a dramatic change in the geopolitical environment," said CEO James Taiclet.

New York (AFP) - US arms manufacturers are not cashing in directly from the thousands of missiles, drones and other weapons being sent to Ukraine, but they do stand to profit big-time over the long run by supplying countries eager to boost their defenses against Russia.

Reuters reported that European governments approached the U.S. government and defense contractors with a shopping list of arms, including drones, missiles, and missile defenses, as the Russian invasion of Ukraine drives renewed demand for U.S. weaponry. Germany, along with its potential deal for 35 Lockheed Martin Corp (NYSE:LMT) F-35 jet fighters, has inquired…