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The Latest Breaking News from Lockheed

The U.S. Government Just Gave This Company $4.5B to Make Missiles

The U.S. government and Lockheed Martin announced a new joint contract for the production of precision missiles.

The Street

Going on Offense With Defense Stocks as Lockheed Martin, Raytheon Rally

Defense stocks hit multiweek highs as Lockheed Martin and Raytheon posting a strong rally. Here's what to watch for now.

The Street

Pentagon won't be buying air-launched hypersonic missile after failed test: report

The US Air Force will not use a Lockheed Martin-made hypersonic weapon for its Air-launched Rapid Response Weapon program. Other hypersonic research continues.

Space

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North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include Sustainable Business Services, Pacifica Group, Lockheed Martin and Port of Tyne

Birmingham Post

How a poker game launched Silicon Valley Bank’s four-decade ride of the tech wave — and a bad gamble 42 years later ended it all

In the early Eighties, when “High Tech” was still written with quotation marks and the region was starting to become known as The Silicon Valley, tennis buddies Bob Medearis and Bill Biggerstaff took their idea for a new bank to a poker game in Pajaro Dunes.

Tribune News Service

Defence giant Lockheed Martin invests £150k solar power project with Northumbria University

Newcastle expertise will be used to make space-based solar power a reality

Birmingham Post

Amelia Earhart's 1937 Cord Added To National Historic Vehicle Register

The famed aviator acquired the Cord Phaeton a year before her round-the-world flight and disappearance.

Motor1

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China Blacklists Lockheed Martin, Raytheon Over Taiwan Arms Sales

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.

Investors Business Daily

Is Lockheed Martin, IBD Stock Of The Day, Setting Up As A Defensive Play?

Stock Of The Day: Lockheed Martin is trading tightly, near an early entry as it works on a new base. Analysts see strong 2023 profits.

Investors Business Daily

McLaren, Lockheed Will Collaborate On "Futuristic" Supercar Design

Having created the SR-71 Blackbird and conceptual Darkstar hypersonic jet, Skunk Works knows all about futuristic designs.

Motor1

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

Australia’s sovereign capability to… manufacture nonsense

If only we could have a sovereign worker manufacturing facility — then the demands for manufacturing protectionism might not sound so silly.

Crikey

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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Investors Business Daily

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.

Zenger

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…

The Guardian - US

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

Motor1

Goodyear Developing Airless Tires For New Moon Rover

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

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Investors Business Daily

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.

The Street

Lockheed Martin Stock Turns Higher As F-35 Pentagon Deal Soothes Q2 Earnings Miss, Guidance Cut

"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.

Asharq Al-Awsat

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…

Reuters

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.

ABC News

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.

Benzinga

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.

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