The Latest Breaking News from Lockheed

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.

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.

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.

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

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…

Much of our higher education system is a glorified feeder for Lockheed Martin and other defense industry firms

Lockheed Martin and General Motors are also working on the new lunar rover.

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

"Although revenue in the period was affected by supply chain impacts and the timing of customer contract negotiations, our cost management initiatives resulted in margin expansion," said CEO James Taiclet.

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…

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.