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The Latest Breaking News from Rayon

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.

Tribune News Service

Raytheon to establish global headquarters near Washington

Aerospace and defense company Raytheon Technologies says it plans to establish a global headquarters in Arlington, Virginia

The Independent UK

Global arms industry getting shakeup by war in Ukraine – and China and US look like winners from Russia’s stumbles

Russia’s war in Ukraine is upending the global arms industry.

The Conversation

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US buys more Stingers to refill stock sent to Ukraine: Report

The missiles are in high demand in Ukraine, where they have been used to shoot down Russian helicopters and bombers.

Al Jazeera

Ukraine war boosts weapons makers' stock prices, but revenue to take years to flow through

When Russia launched its invasion of Ukraine at the end of February, the stock prices of many of the world's biggest arms manufacturers spiked. However, most of the hardware being sent to Ukraine is coming from donor nations' existing inventories.

ABC News

Biden to plug manufacturing initiative at Ohio metal company

President Joe Biden is set to announce that five major U.S. manufacturers have made commitments to boost their reliance on small and medium American firms for 3D printing

The Independent UK

Push to arm Ukraine putting strain on US weapons stockpile

When President Joe Biden visits a Lockheed Martin plant on Tuesday that manufactures an antitank weapons system, he’s certain to herald the U.S.-made arms as a gamechanger in Ukraine’s stiff resistance to the Russian invasion

The Independent UK

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Shrinking U.S. Stinger missile supply faces re-stocking challenges

Shoulder-fired Stinger missiles are in hot demand in Ukraine where they have successfully stopped Russian assaults from the air, but U.S. supplies have shrunk and producing more of the anti-aircraft weapons faces significant hurdles.

Reuters

Ukraine fuels massive arms gold rush

Putin's war is a tragedy for the world, but it already has big winners: Weapons firms and the Pentagon budget

Salon

War pundits profit from contractor ties

Recent analysis found 20 of 22 guests on mainstream networks had ties to the arms industry or its boosters

Salon

Pentagon to meet largest US arms makers over Ukraine: Reports

The top eight defence contractors are invited to the meeting, which is reportedly aimed at upping assistance to Ukraine.

Al Jazeera

Rajnath Singh meets executives of US aerospace giants Boeing and Raytheon

WASHINGTON: Defence minister Rajnath Singh has met senior executives of American aerospace and defence majors Boeing and Raytheon and asked them to take advantage of policy initiatives in India to steadily march from ‘Make in India' towards ‘Make for the World'.

The Times of India

Ukraine: the world's defence giants are quietly making billions from the war

The Russian invasion of Ukraine has been widely condemned for its unjustified aggression. There are legitimate fears of a revived Russian empire and even a new world war. Less discussed is the almost half trillion dollar (£381 billion) defence industry supplying the weapons to both sides, and the substantial profits…

The Conversation

Defense and cybersecurity stocks climb amid Russia’s invasion of Ukraine

Most major US markets closed lower after regaining some losses but defense contractors continued to gain

The Guardian - US

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The Guardian - AU

Australia’s Future Fund has invested over $90m in weapons manufacturer Raytheon

FoI requests reveal sovereign wealth fund also has investments in arms companies linked to Myanmar military

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