By Shivansh Tiwary and Mike Stone (Reuters) – U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit on Tuesday, as simmering geopolitical tensions prompted some countries to boost their defense spending, driving demand for new weapons. Shares of the company, which is considered a bellwether for the arms sector, rose […]
(Reuters) – US weapons maker Lockheed Martin on Tuesday reported a near 14% rise in first-quarter sales, as simmering geopolitical tensions prompt some countries to boost their defense spending, driving demand for new weapons. Sales in its missiles and fire control unit jumped 25.3% to nearly $3 billion, boosted by strong demand for high mobility […]
By Mike Stone (Reuters) – Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the United States against an intercontinental ballistic missile attack, two industry sources briefed on the matter told Reuters. The win represents a shot in the arm for Lockheed after the U.S. […]
A high-ranking employee of Lockheed Martin has been accused of stealing a campaign sign in White Settlement, and police have referred the case to municipal court. Precinct 4 Constable Scott Bedford, a Republican who faces two challengers in the March 5 primary, said he saw the man taking a sign on Saturday afternoon that targeted […]
Lockheed Martin is reportedly facing a significant reduction in Pentagon orders of its F-35 fighter jets that are assembled in Fort Worth. The Biden administration is considering an 18% cut in the government’s F-35 orders for the fiscal year that starts in 2025 after Congress placed a limit on defense spending, Reuters reported Wednesday. The […]
Military contractor Lockheed Martin (NYSE: LMT) is in the business of building fighter jets — and business is booming. In a pair of Earth-shaking announcements last week, the U.S. Defense Security Cooperation Agency (DSCA) informed Congress of a plan to sell a combined $31.6 billion in new weapons sales to Greece and Turkey. But the […]
Defense companies roll out earnings this week as conflict in the Middle East threatens to expand and the war in Ukraine rages on. RTX (RTX) jumped on results early Tuesday. Lockheed Martin inched lower after its report. Textron (TXT) reports Wednesday followed by Hexcel (HXL) Thursday. Booz Allen Hamilton (BAH) announces Q3 results Friday. X […]
NASA and Lockheed Martin have finally taken the wraps off of the X-59, a “quiet supersonic” aircraft that may shape the future of both military and civilian air travel. The X-59 has been under development at Lockheed Martin Skunk Works for years, following a $248 million grant from NASA in 2018. That was just the […]