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The Latest Breaking News from Lockheed

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

How a poker game launched Silicon Valley Bank’s four-decade ride of the tech wave — and a bad gamble 42 years later ended it all

In the early Eighties, when “High Tech” was still written with quotation marks and the region was starting to become known as The Silicon Valley, tennis buddies Bob Medearis and Bill Biggerstaff took their idea for a new bank to a poker game in Pajaro Dunes.

Tribune News Service

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

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Amelia Earhart's 1937 Cord Added To National Historic Vehicle Register

The famed aviator acquired the Cord Phaeton a year before her round-the-world flight and disappearance.

Motor1

How US weapons are helping Ukraine in war against Russia

Russia invaded Ukraine on Feb. 24 in what President Vladimir Putin calls a "special military operation" against what it perceives as threats to its security. Ukraine and its Western allies have denounced Russia\'s actions as an imperialist-style land grab and imposed sanctions to try to disrupt the campaign.

The Times of India

McLaren, Lockheed Will Collaborate On "Futuristic" Supercar Design

Having created the SR-71 Blackbird and conceptual Darkstar hypersonic jet, Skunk Works knows all about futuristic designs.

Motor1

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

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Satellite maker drops Florida plans in favor of California alternative

Terran Orbital, a publicly traded satellite maker based in Boca Raton, is dropping Florida’s Space Coast as the site for a proposed factory in favor of a location in Southern California.

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.

Tribune News Service

UK And Japan Team Up To Develop Next-Generation Fighter Engine

Japan and the United Kingdom have decided to collaborate on next-generation fighter jets, pooling their technology and resources to get the greatest bang for their dollars. Japan’s F-X program and the United Kingdom’s Tempest, both of which are scheduled to fly in the early 2030s, will be the world’s first…

Zenger

US universities are pipelines to the defense industry. What does that say about our morals?

Much of our higher education system is a glorified feeder for Lockheed Martin and other defense industry firms

The Guardian - US

Goodyear Developing Airless Tires For New Moon Rover

Lockheed Martin and General Motors are also working on the new lunar rover.

Motor1

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…

Asharq Al-Awsat

Exclusive-Britain and Japan aim to merge Tempest and F-X fighter programmes-sources

Britain and Japan are close to an agreement to merge their next-generation Tempest and F-X fighter jet programmes, with the two countries aiming for a deal on a new joint project by year-end, three sources told Reuters.

Reuters

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ABC News

US successfully tests hypersonic weapons amid arms race with China, Russia

The United States successfully tests two Lockheed Martin hypersonic missiles, amid growing concerns that Russia and China are having more success developing their own hypersonic weapons.

Benzinga

This Is What Whales Are Betting On Lockheed Martin

A whale with a lot of money to spend has taken a noticeably bearish stance on Lockheed Martin. Looking at options history for Lockheed Martin (NYSE:LMT) we detected 13 strange trades.

Benzinga

Lockheed Martin And Crypto Firm Explore Hosting A Blockchain In Space

Defense contractor Lockheed Martin Corporation (NYSE: LMT) and Filecoin (CRYPTO: FIL) are looking into hosting a blockchain network in outer space.

Tribune News Service

Bipartisan heat ramps up over stalled research tax break

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.

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Roll Call

Bipartisan heat ramps up over stalled research tax break - Roll Call

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

The Guardian - US

Biden praises Lockheed workers for making weapons for ‘Ukrainian heroes’

President says production of Javelin anti-tank missiles in Alabama critical to war effort, as he urges Congress to approve $33bn aid package

Tribune News Service

Javelin anti-tank missiles get Biden nod as Ukraine depletes US stash

WASHINGTON — President Joe Biden stressed the importance of U.S. and allied weapons for Ukraine’s defense Tuesday with a visit to a Lockheed Martin Corp. plant making Javelin anti-tank missiles, which American and NATO officials say have mauled Russia’s invading armored columns.

Glasgow Live

US military tanker tracked flying over Cumbernauld and Airdrie having left Italy base

The Lockheed KC-130T Hercules flew above the Greater Glasgow area having departed Naval Air Station Sigonella near Catania in Sicily this morning en route to Reykjavík.

Reuters

Biden to visit Lockheed plant producing weapons provided to Ukraine - White House

U.S. President Joe Biden will travel to Alabama on Tuesday to visit a Lockheed Martin Corp facility that is manufacturing weapons being provided to Ukraine, including Javelin anti-tank missiles, the White House said on Wednesday.

The Guardian - AU

Australian War Memorial seeks new funding from Lockheed Martin despite veterans’ criticism

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

Benzinga

European Demand For US Drones, Missiles Increases After Russian Invasion: Reuters

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…

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