Lockheed Martin Stock News

RIYADH: Air defense systems have been front and center at Saudi Arabia’s first defense show as drone and missile attacks increase in the energy-rich Gulf. Deadly strikes on Saudi Arabia and the United Arab Emirates claimed by Yemeni rebels have been the talk of shows held in the two countries in recent weeks. Six hundred companies from about 40 countries showed off the latest military technology at the World Defense Show in the Saudi capital Riyadh this week. “There is very much high interest in the region for the capabilities to defeat drones and IEDs,” said Bobby Strawbridge of US firm Allen-Vanguard, which makes equipment to block radio-controlled weaponry. Saudi Arabia has since 2015 led an international coalition supporting Yemen’s government against Houthi Shiite rebels. It has regularly come under attack along its southern border with Yemen. Visitors to the Riyadh show are zooming in on anti-drone and air defense systems, according to Tomas Kossowski, chief operating officer for Advanced Protection Systems.

Sikorsky, a Lockheed Martin Corp (NYSE: LMT ) company, and United Rotorcraft, a division of Air Methods Corporation, have signed a marketing teaming agreement . The agreement formalizes how both companies will … Full story available on Benzinga.com

Lockheed Martin <> plans to invest more than $1B to localize military manufacturing in Saudi Arabia, the company''s VP of international business says.Lockheed will seek many…

How The Narcotic Of Defense Spending Undermines A Sensible Grand Strategy Authored by Franklin Spinney via Counterpunch.org, The Military-Industrial-Congressional-Complex’s (MICC) grand-strategic chickens are coming home to roost big time. While war is bad, the Russo-Ukrainian War has the champagne corks quietly popping in the Pentagon, on K Street, in the defense industry, and throughout the halls of Congress. Taxpayers are going to be paying for their party for a long time. It is no accident that the United States is on the cusp of the Second Cold War. Future historians may well view the last 30 years as a case study in the institutional survival of the American Military – Industrial – Congressional Complex (MICC), together with its supporting blob now saturating the media, think tanks, academia, and the intelligence community. Perhaps, these future historians will come also to view the Global War on Terror (GWOT) as the bridging operation that greased the transition to Cold War II by keeping defense budgets at Cold War levels after Cold War I ended.

The United States, the oil-rich kingdom''s top ally, deployed THAAD and Patriot defence systems in Saudi Arabia in October 2019 at a time of heightened tensions with Riyadh''s regional rival Tehran.

Against the backdrop of the Russia-Ukraine conflict, the U.S. defense budget could increase to 3.5% to 4% of GDP, according to BofA Securities. The Defense Analyst: Ronald Epstein reiterated the ratings for defense stocks while raising their price targets. L3Harris Technologies Inc (NYSE: LHX ): Buy; Price target raised from $238 to $285. Northrop Grumman Corporation (NYSE: NOC ): Buy; Price target raised from $520 to $540. Lockheed Martin Corporation (NYSE: LMT ): Neutral: Price target raised from $410 to … Full story available on Benzinga.com

Lockheed Martin (LMT) is awarded a not-to-exceed $869.86M cost-plus-incentive-fee, cost-plus-fixed-fee, cost-plus-award-fee, undefinitized modification (P00062) to a previously…

Today, LMT stock hit fresh new highs, as investors concerned about the Russia-Ukraine conflict focus on adding hedges to this uncertainty.

Satellite Vu has closed the second round of its Series A funding, bringing total investment to £20 million. New participants included Lockheed Martin, Contrarian Ventures and In-Q-Tel. The company said the investment would help “building and expanding our relationship with partners overseas, particularly the US.” “We are thrilled to have raised further funding to propel … This story continues at Lockheed Martin invests in Satellite Vu for US focus Or just read more coverage at Electronics Weekly

Russia Halts Rocket Engine Supply To US As ISS Partnership Threatened Russia''s State Space Corporation Roscosmos halted deliveries of rocket engines to the US following a series of devastating financial sanctions by the US, according to Russian state-owned news agency TASS . "Today, we have made a decision to halt the deliveries of rocket engines produced by NPO Energomash to the United States . Let me remind you that these deliveries had been quite intensive somewhere since the mid-1990s," Roscosmos Chief Dmitry Rogozin said in an interview with the Rossiya-24 TV on Thursday. United Launch Alliance (ULA), a joint venture between Boeing and Lockheed Martin, uses Russian RD-180 engines to power Atlas V launch vehicle''s main propulsion systems. ULA has been developing a new rocket called Vulcan, which would use American-made engines. Those engines, called BE-4s, are being developed by Jeff Bezos'' Blue Origin and are almost ready for testing. ULA CEO Tory Bruno told The Verge , "the very first Vulcan flight, slated to take place this year." Northrop Grumman Corp. also uses Russian engines on its Antares rocket to lift a spacecraft packed with cargo to the International Space Station (ISS).

ULA’s Atlas V rocket flies on Russia’s RD-180 engine. | Image: ULA Russia’s state space corporation Roscosmos has issued its latest round of threats in response to global sanctions, this time claiming Russia will no longer sell rocket engines to the United States. Most rocket launches in the US should not be affected, but the decision could change how cargo is sent to the International Space Station. The head of Roscosmos, Dmitry Rogozin, announced the new policy in an interview with the Russia 24 TV channel. “Today we have made a decision to halt the deliveries of rocket engines produced by NPO Energomash to the United States,” Rogozin said in the interview, according to Russia’s state press site Tass . “Let me remind you that these deliveries had been quite intensive somewhere since the mid-1990s.” Rogozin also added: “Let them fly on something else, their broomsticks, I don’t know what,” according to Reuters . “Today we have made a decision to halt the deliveries of rocket engines.” The decision would primarily affect two companies in the US: the United Launch Alliance, which is a key launch provider for NASA and the US Department of Defense, and Northrop Grumman, which periodically launches cargo to the International Space Station for NASA.

Shares of defense contractors including Raytheon Technologies <> and Lockheed Martin <> take a breather in Wednesday''s trading, snapping a powerful four-day rally since…

The nation’s pandemic-fueled shortage of aviation mechanics led 25 industry employers to a Maryland flight school Wednesday to offer students recruiting perks ranging from free tools to signing bonuses. Delta Air Lines, Lockheed Martin, United Airlines and Spirit Airlines were among the shorthanded employers attending a career fair at the …

Last night''s State of the Union address may have given defense investors a shock.