Russia’s attack on Ukraine, including regular barrages of rockets, has boosted demand for Lockheed Martin missile defense systems, the No. 1 U.S. weapons maker said on Tuesday. “We’ve got demand signals for THAAD and PAC-3 from around the world,” Chief Executive Jim Taiclet said after Lockheed reported a drop in quarterly sales and profits. THAAD…
Ukraine War Has Boosted Demand for Missile Defenses, Lockheed Says
April 20, 2022
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Lockheed, Airbus Form Joint Partnership in Bid to Build New Refueling Tankers for US Air Force
January 31, 2022
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Lockheed Martin and Airbus announced on Jan. 31 that it will join forces to build midair refueling tankers for the U.S. Air Force in Alabama and Georgia if their aircraft design is chosen over the one proposed by rival Boeing. A win for the two aerospace partners may potentially create at total 1,300 new jobs…
Saab and Lockheed Martin in Dogfight to Be Canada’s Next Fighter Jet
The Saab Gripen E and the Lockheed Martin F-35 are in a dogfight to replace the aging CF-18s, as Canada is finally on track to choose its next fighter plane this year. The Boeing Super Hornet was also in the running, but was officially eliminated in November 2021. Now the bids from Sweden and the…
Global Arms Sales Hit New Highs Amidst Pandemic: Report
The top 100 largest arms dealers earned $531 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI). The 2020 earnings marked the sixth-straight year of growth and were 17 percent higher than 2015, when SIPRI began tracking Chinese firms. The 41 U.S. contractors on the list sold the most arms, earning $285…
Global Arms Sales Hit New Highs Amid Pandemic: Report
The top 100 largest arms dealers earned $531 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI). The 2020 earnings marked the sixth straight year of growth and a 17 percent increase from 2015, when SIPRI began tracking Chinese firms. The 41 U.S. contractors on the list sold the most arms and…
Canada Kicks Boeing From Jet Competition, Narrows Search to F 35 and Swedish Gripen
OTTAWA—Canada has officially narrowed its decade−long hunt for a new fighter jet to two choices as the federal government confirmed U.S. aerospace giant Boeing’s Super Hornet is out of the running to replace the military’s aging CF−18s. The announcement from Public Services and Procurement Canada came nearly a week after The Canadian Press reported the…
Lockheed Trims F-35 Delivery Forecast for 2022
Lockheed Martin said on Sept. 27 that it had agreed with the Pentagon to deliver 151 to 153 F-35 fighter aircraft in 2022, and 133 to 139 this year. This is fewer than the 169 jets it had planned to deliver initially for 2021. There has been an aircraft shortfall last year due to the…
Pentagon Awards Lockheed Martin $6.6 Billion Sustainment Contract for F-35 Fighter Jets
The Pentagon has awarded Lockheed Martin Corp. annualized contracts worth up to $6.6 billion to support operations and sustainment of the global F-35 fleet, its F-35 Joint Program Office said on Monday. The air vehicle sustainment contract is for fiscal year 2021, with options for years 2022 and 2023, and is intended to reduce sustainment…
Lockheed Martin Sent Over 1,000 Top Employees to ‘White Male Privilege’ Training, CEO Says
Lockheed Martin, the aerospace and defense giant known for developing F-35 fighter jets, recently admitted that it has put more than a thousand top employees through training sessions to learn about privileges they supposedly have as white straight males. Such training sessions, including a three-day “White Men’s Caucus” last June attended by 13 executive-level employees,…
Lockheed Martin Trained Top Employees to Recognize ‘White Male Privileges’: Report
Lockheed Martin, the aerospace and defense giant known for developing America’s next-generation warplanes, sent its executive-level employees to learn about privileges they supposedly have as white straight males, a new report says. The three-day training session, hosted on Zoom last June for a 13-member “White Men’s Caucus,” started with a “free association” in which the term…
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