Lockheed Team Wins Presidential Chopper
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The U.S. Navy on Friday gave a  transatlantic team led by Lockheed Martin Corp. LMT.N a $1.7  billion contract to build a new fleet of 23 U.S. presidential  helicopters, a deal valued at up to $6.1 billion.
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NEW YORK  - No. 1 U.S. defense contractor Lockheed Martin Corp.  reported a 41 percent rise in quarterly profit on Tuesday, beating Wall Street forecasts, as demand soared for its combat aircraft and information technology services.
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Lockheed Martin Corp. will build the new presidential helicopter fleet, the Navy announced Friday, putting an end to a fierce competition that had both political and international overtones.
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The U.S. Government Accountability Office on Monday sustained a protest filed by Lockheed Martin Corp.  and Sikorsky Aircraft, a unit of United Technologies Corp.  against a $15 billion helicopter contract awarded to Boeing Co.  last year.
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Sikorsky Aircraft announced Tuesday that it will not protest the Navy's decision to give the &#36;6.1 billion contract for the presidential helicopter fleet to rival Lockheed Martin and its international partners.
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The U.S. Air Force is awarding Lockheed Martin Corp.  a $144.1 million contract for materials that will be used in advanced F-16 fighter aircraft bound for Pakistan, the U.S. Defense Department said on Tuesday.
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THE president was waving his arms around Air Force One as if he was a Samurai warrior without a sword. His aides explained to puzzled onlookers that this was a good sign - it showed George Bush was feeling good.
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The new stealth fighter jet that will replace an aging fleet of military planes experienced a largely successful first flight Friday, with only a minor glitch, Lockheed Martin Corp. officials said.
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US defence firm Lockheed Martin wins a $1bn order from India for six C-130J military transport planes.
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The U.S. Navy on Friday said it had  chosen a transatlantic team led by Lockheed Martin Corp.  LMT.N to build a new U.S. presidential helicopter fleet in a  deal valued at $1.7 billion.
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By Andrea Shalal-Esa WASHINGTON  - The U.S. Army on Tuesday awarded General Dynamics Corp.  the lead role in developing a new warfighter communications system, with Lockheed Martin Corp.  to get an equal share of the work, which GD said was worth $7 billion through 2018.
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The Bush administration announced the winner of a competition to design the nationâs first new nuclear weapon in nearly two decades.
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The F-22 Raptor fighter jet, a Maserati of the skies, has just taken on Washington budget-cutters, and won, thanks to a powerful lobby.
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Insurgents shot down a U.S. military helicopter south of Baghdad, and the two pilots were rescued with minor injuries, the military said Tuesday. The OH-58D Kiowa Attack helicopter was brougt down by ground fire on Monday. After an Apache helicopter rescued the two pilots, a U.S. warplane dropped two 500-pound, laser-guided bombs on the downed craft to destroy it, the military said in a statement.
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A large Lockheed Martin  contract to build a fleet of helicopters for the president could be in trouble, the Wall Street Journal said on Friday, citing people familiar with the situation.
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The U.S. Navy said it has chosen a transatlantic team led  by Lockheed Martin to build a new presidential helicopter.
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The military shows its love for unmanned aerial vehicles.