Lockheed Martin

According to a recent report, Lockheed Martin (NYSE: LMT) plans to invest $1 billion in Saudi Arabia to help the Saudi military manufacture its military equipment locally.  Joseph Rank, chief executive for Lockheed Martin in Saudi Arabia and Africa, told Arab News on Tuesday that Lockheed plans to work with the Saudi General Authority for […]

The Israeli Air Force is replacing its fleet of decades-old CH-53D Yasur helicopters with a dozen CH-53K King Stallions, Lockheed Martin said.

NASA has selected Lockheed Martin to build the first rocket to be fired on another planet for the Mars Sample Return Program.

The agency contends the defense contractor could use its position to harm its rivals.

Contract work will be performed at Lockheed Martin’s Marietta, Georgia facility, which the company said will also be one of the locations selected for LMXT tanker production.

Lockheed Martin (NYSE:LMT) CEO Jim Taiclet told investors Tuesday during his company’s fourth-quarter earnings call that the Federal Trade Commission (FTC) has filed a lawsuit to block Lockheed’s $4.4 billion acquisition of Aerojet Rocketdyne (NYSE:AJRD), a manufacturer of rocket engines and spacecraft propulsion. The FTC alleges that if the deal is allowed to proceed, Lockheed […]

Virginia-based startup Electra.aero says it has secured a key investment from Lockheed Martin as it seeks to develop a hybrid electric, ultra-short takeoff and landing (eSTOL) aircraft.

A Washington-based startup says it’s planning to build what has long been considered the “Holy Grail” of accessing space: the world’s first reusable single-stage orbital spaceplane aimed at carrying cargo and people.

The Royal Thai Air Force (RTAF) wants to purchase eight F-35 fighter jets in a bid to modernize its defense capabilities, according to reports. The stealth fighter jet buy is needed to update the service’s current fleet of F-5 and F-16 aircraft, some of which have been in use for more than 30 years, Commander-in-Chief […]

Security concerns regarding China reportedly are threatening to derail the multibillion dollar agreement.