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The Latest Breaking News from Lockheed Martin Corp

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

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

The Independent UK

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

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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…

Asharq Al-Awsat

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

The Independent UK

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…

Asharq Al-Awsat

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)

Reuters

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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.

Bangkok Post

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.

Tribune News Service

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.

Reuters

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

KULR Receives Follow-On Order From Lockheed Martin

KULR Technology Group Inc (NYSE:KULR) has received a follow-on order for its space-developed phase change material (PCM) heat sink technology from Lockheed Martin Corp (NYSE:LMT). Financial terms were not disclosed. Phase change material heat sink technology reduces system temperature excursions and extends the life of key components within the thermal storage process. "Repeat business like…

Benzinga

Lockheed Martin's Sikorsky Bags H-60 Black Hawk Helicopter Contract From US Army

Lockheed Martin Corp (NYSE:LMT) company Sikorsky and the U.S. government have entered a five-year contract for a baseline of 120 H-60M Black Hawk helicopters, with options to reach a total of 255 aircraft to be delivered to the U.S. Army and Foreign Military Sales (FMS) customers. The contract value for expected deliveries…

Benzinga

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Tribune News Service

Pratt & Whitney and Lockheed Martin defend costly and troubled F-35 fighter jet and its engine

The chief financial officers of Raytheon Technologies Corp. and Lockheed Martin Corp. on Wednesday defended the F-35 fighter jet and its engine following another critical government report that said it too often fails to meet targets for mission capable rates.

Benzinga

US Army Awards $309M Worth Contracts To Javelin JV

The U.S. Army recently awarded the Javelin JV two production contracts for Javelin missiles and associated equipment and services with a total value of $309 million. Javelin JV is a partnership of Raytheon Technologies Corp (NYSE:RTX) Raytheon Missiles & Defense, and Lockheed Martin Corp (NYSE:LMT). The contracts include more than 1300 Javelin missiles funded from the…

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.

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.

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Benzinga

Analysts Bump Up Lockheed Martin Price Target Post Q1 Results

Wells Fargo analyst Matthew Akers raised the price target for Lockheed Martin Corp (NYSE:LMT) to $496 (an upside of 9%) from $486 while maintaining the Equal-Weight rating on the shares. The analyst stated that most of LMT's Q1 beat vs. the firm's model was driven by lower tax/interest, while operations were slightly ahead, including a…

Benzinga

Lockheed Martin Shares Fall After Q1 Revenue Miss

Lockheed Martin Corp (NYSE:LMT) reported a first-quarter FY22 net sales decline of 8% year-over-year to $14.96 billion, missing the consensus of $15.55 billion. EPS declined to $6.44 from $6.56 in 1Q21, beating the consensus of $6.21. The operating profit decreased by 11.4% Y/Y to $1.93 billion, and the margin contracted by 50 bps…

Benzinga

MDA Partners With Lockheed Martin, General Motors On Lunar Rover Development

MDA Ltd. (TSX:MDA) (OTC:MDALF) is collaborating with Lockheed Martin Corp (NYSE:LMT) and General Motors Co (NYSE:GM) to integrate its commercial robotic arm technology on their planned human-rated lunar mobility vehicles. "We believe this collaboration will enable all three companies to continue to define the art of the possible, push the boundaries of space innovation, and provide the…

Benzinga

Lockheed Martin, Intel To Advance 5G-Ready Communications For US, Allied Defense Systems

Lockheed Martin Corp (NYSE:LMT) and Intel Corp (NASDAQ:INTC) established a collaboration to advance 5G-ready communications for the U.S. A memorandum of understanding was signed in late 2021 to expand the ongoing strategic relationship to align 5G-enabled hardware and software solutions for the Department of Defense (DOD). Intel's 5G solutions are integrated into Lockheed Martin's 5G.MIL…

Benzinga

SpiderOak, Lockheed Martin Enter Space Cybersecurity + Blockchain Collaboration

SpiderOak Mission Systems and Lockheed Martin Corp (NYSE:LMT) Space's Mission Solutions business collaborate for developing and testing a zero-trust cybersecurity platform to secure data across the space data supply chain. The two companies signed an agreement to field key components of the SpiderOak OrbitSecure platform. OrbitSecure is SpiderOak's lightweight software-only solution for ground and…

Benzinga

Canada Likely To Pick Lockheed Martin For Fighter Jet Contract: Reuters

Canada will announce that Lockheed Martin Corp (NYSE:LMT) is the preferred bidder to supply 88 new fighter jets, a clear sign the U.S. company is set to win the multibillion-dollar contract, reported Reuters. The move suggests that Canada is under pressure to boost defense spending as the war in Ukraine rages. The report…

Benzinga

Triumph Bags Lockheed Martin Production Contracts

Triumph Group Inc's (NYSE:TGI) operating company Actuation Products & Services secured a multi-year contract from Sikorsky, a Lockheed Martin Corp (NYSE:LMT) company, to produce equipment for the CH-53K helicopter. Financial terms were not disclosed. The strategic follow-on contract will contribute significant work for Triumph's Seattle location. Triumph will provide all equipment for the Main Rotor…

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