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The Latest Breaking News from Lockheed

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

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

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Putin Warns, Defense Stocks Jump; Watchdog Says Nuke Markets Poised To Surge

The market for nuclear weapons is growing as Russia escalates its war with Ukraine and tensions rise between China, Taiwan and the U.S.

Investors Business Daily

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

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Lockheed Rebounds On $30B Contract Rumors After Slashing Guidance, Earnings Miss

Lockheed Martin earnings missed and the defense giant slashed full-year guidance. LMT stock fell after wiping out Ukraine invasion gains.

Investors Business Daily

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

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.

ABC News

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.

Benzinga

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.

Tribune News Service

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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.

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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.

Investors Business Daily

Lockheed Martin, Target Lead Five Stocks Near Buy Points Amid Rising Rates, Inflation

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

Investors Business Daily

LMT Stock, IBD Stock Of The Day, Offers Multiple Entries Amid Defense Push

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.

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’

Investors Business Daily

Dow Jones At Session Highs; Netflix Stock Jumps Ahead Of Earnings

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

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…

Benzinga

Why Lockheed Martin Shares Are Falling

Lockheed Martin Corp (NYSE: LMT) shares are trading lower Wednesday following reports suggesting the Pentagon will order fewer stealth jets than previously planned.

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