Pentagon OKs Lockheed Warplane Move
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The Pentagon's top weapons buyer on  Thursday cleared Lockheed Martin Corp.'s LMT.N continued  development of its F-35 Joint Strike Fighter, the biggest  warplane project ever and one valued at more than $245 billion,  the Defense Department said.
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'Hypersonic tech vehicles' for test in 2009 DARPA*, the wacky Pentagon research bureau where it's always white-coat-and-propellor-hat Friday, has doled out $6m (as part of a $40m "increment" to an earlier "other transaction") to US aerospace colossus Lockheed. The payment is in support of the renewed US military hypersonic-plane programme, variously known as "Falcon" or "Blackswift".â¦
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WASHINGTON -- Lockheed Martin will build the new presidential helicopter fleet, the Navy said yesterday, ending a fierce competition that had political and international overtones.
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Lockheed Martin prepares a successor to the Concorde -- a supersonic private jet that will fly at almost twice the speed of sound. By Robert Andrews.
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The White House has approved a fiscal 2008 budget request of $468.9 billion for the Pentagon, $4.7 billion more than expected last year, according to a memorandum obtained by Reuters.
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The U.S. Navy has chosen a  trans-Atlantic team led by Lockheed Martin Corp. to build a new  U.S. presidential helicopter fleet in a deal valued at $1.7  billion.
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Lockheed Martin 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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Lockheed Martin Corp. , the world's No. 1 defense contractor, on Tuesday reported a greater-than-expected 34 percent rise in second-quarter profit, helped by higher revenue from its combat aircraft and electronic systems units and lower pension costs.
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The countryÂs missile defense system passed a crucial test today, the Pentagon announced.
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Maryland would gain more than 45,000 federal and private-sector jobs as part of a Pentagon reorganization of military bases that will add workers to installations such as Fort Meade and Aberdeen Proving Ground, according to a report to be released today.
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And now the ball's in Lockheed's court.
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Congress is moving to put all armed contractors operating in combat zones under military control, acting on a Pentagon recommendation that could run into resistance at the State Department.
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WASHINGTON -- Lockheed Martin Corp., the world's largest defense contractor, said Tuesday that second quarter earnings rose 34 percent on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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Lockheed Martin Corp. LMT.N, the No.  1 U.S. defense contractor, posted a 41 percent jump in  quarterly profit on Tuesday, beating Wall Street forecasts, as  demand climbed for its combat aircraft and information  technology services.
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The Senate overwhelmingly approved Robert M. Gates yesterday as the new defense secretary to replace Donald H. Rumsfeld, sealing a swift confirmation with a vote of 95 to 2 that reflected bipartisan confidence in   his willingness to overhaul U.S. strategy in Iraq.
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Lockheed Martin announced today it has entered into a license agreement with HMT Vehicles Ltd.
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According to a Pentagon announcement issued Friday, last week Boeing (NYSE: BA) successfully completed a test of one of the coolest weapons ever designed (not their exact words).