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The Latest Breaking News from Lockheed Martin

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

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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

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

Daily Mirror

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.

Reuters

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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.

Tribune News Service

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.

Axios

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 Independent UK

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

The Guardian - AU

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

Evening Standard

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.

Reuters

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?

ABC News

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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

Inverse

You need to play the most groundbreaking fighting game ever on Switch ASAP

In an era for fighting games that was largely dominated by Mortal Kombat, 'Virtua Fighter 2' emerged as a challenge through the use of motion capture technology.

The Guardian - AU

Australian defence force to spend $1bn acquiring naval strike missiles and army rocket systems

Government says purchase of truck-mounted rockets ‘largest expansion of army strike capability in living memory’ with range extended from 50km to 300km

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Birmingham Post

The year in North East business: the 10 biggest stories of the year

From the travails of Britishvolt and Go-Ahead to good news on inward investment and city centres, it has been a busy 12 months

USA Today Sports Media Group

Baylor vs Air Force Lockheed Martin Armed Forces Bowl Prediction Game Preview

Baylor vs Air Force game preview, prediction, and breakdown for the Lockheed Martin Armed Forces Bowl on Thursday, December 22

The Independent UK

Pilot ejects from fighter jet in Texas in failed landing

Officials say a pilot had safely ejected from a plane after a failed landing at a North Texas military base

Tribune News Service

Pilot ejects from F-35 military jet, makes crash landing in Fort Worth

DALLAS — A pilot ejected from a military fighter jet, making a crash landing on a runway Thursday morning in Fort Worth.

Reuters

Germany to decide mid-December on purchase of F-35 fighter jet

The German parliament will decide in mid-December about the 10 billion euro ($10.50 billion) purchase of the F-35 fighter jet produced by U.S. defence giant Lockheed Martin, Defence Minister Christine Lambrecht said on Tuesday.

Al Jazeera

US eyes long-range rockets for Ukraine as arms supplies dwindle

The projectile would allow Ukraine to hit valuable Russian military targets that have so far been out of reach.

Reuters

Exclusive-U.S. weighs sending 100-mile strike weapon to Ukraine -sources

The Pentagon is considering a Boeing proposal to supply Ukraine with cheap, small precision bombs fitted onto abundantly available rockets, allowing Kyiv to strike far behind Russian lines as the West struggles to meet demand for more arms.

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