The Latest Breaking News from Lockheed Martin

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.

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),…

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.

China sanctioned Lockheed Martin and Raytheon Thursday after the U.S. blacklisted several companies last week for their involvement in China's spy balloon program.

The markets are digesting another hot inflation report, and China is putting Lockheed Martin and Raytheon on its sanctions list. Watch TheStreet Today live at 10:30 am Eastern.

China imposed fines and sanctions against two U.S. defense companies in a further escalation of tensions between the world’s two biggest economies.

The sanctions could have a chilling effect on future sales to Taiwan by companies not yet sanctioned by China.

Stock futures edge higher amid resurgent U.S. Growth bets; Cisco Systems leaps after Q4 earnings beat, network outlook; Roku surges as cost cuts underpin 2023 earnings drive; Twilio powers higher after surprise Q4 profit, stock buyback and Raytheon, Lockheed Martin lower as China imposes sanctions over Taiwan arms 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