Latest Lockheed Martin Corp News

Swiss sign controversial $6B deal to purchase F-35 fighters

Sep. 19, 2022 08:54 AM EDT

GENEVA (AP) — Swiss officials on Monday formally signed a procurement contract to acquire three dozen F-35 fighter jets from the United States as part of a planned refurbishment of Switzerland's air force that has run afoul of critics of the big defense purchase, the government said. ...

Poland, South Korea seal $3 billion military aircraft deals

Sep. 16, 2022 08:29 AM EDT

JANOW, Poland (AP) — Poland on Friday sealed $3 billion in deals with South Korea for the purchase of 48 Korean FA-50 fighter planes as the central European country takes urgent steps to increase its deterrence and defense capabilities amid Russia’s war on neighboring Ukraine. ...

China sanctions Raytheon, Boeing Defense CEOs over Taiwan

Sep. 16, 2022 07:58 AM EDT

BEIJING (AP) — China announced sanctions on Friday against the CEOs of American defense contractors Raytheon and Boeing Defense over a major U.S. arms sale to rival Taiwan. Foreign Ministry spokesperson Mao Ning did not specify what the sanctions would be against Gregory Hayes,...

Greece gets first 2 upgraded F-16s out of a total 83

Sep. 12, 2022 15:19 PM EDT

TANAGRA, Greece (AP) — Greece's air force on Monday took delivery of a first pair of upgraded F-16 military jets under a $1.5 billion program to modernize its fighter fleet amid increasing tensions with neighboring Turkey. The two F-16s presented at the Tanagra airbase northwest of...

Poland and South Korea seal $5.8 billion military deal

Aug. 26, 2022 13:16 PM EDT

MORAG, Poland (AP) — Poland sealed a deal with South Korea on Friday to purchase $5.8 billion worth of tanks, howitzers and ammunition as the European country steps up its defense and deterrence capabilities in the face of Russia’s war in Ukraine. Polish Deputy Prime Minister...

Swiss gov't warns about possible lag in fighter jet purchase

Aug. 24, 2022 11:35 AM EDT

GENEVA (AP) — Switzerland's defense department said Wednesday that any delay to the planned multibillion-dollar acquisition of U.S.-made F-35 fighter jets would have “grave consequences” for Swiss security, after opponents succeeded in a campaign to put the purchase to a referendum. ...

Biden presses computer chips case in advance of Senate vote

Jul. 25, 2022 18:06 PM EDT

WASHINGTON (AP) — Calling semiconductors “the building blocks for the modern economy," President Joe Biden on Monday asked Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. The Senate...

Tomorrow's 'Top Gun' might have drone wingman, use AI

Jul. 22, 2022 03:59 AM EDT

FARNBOROUGH, England (AP) — Maverick’s next wingman could be a drone. In the movies, fighter pilots are depicted as highly trained military aviators with the skills and experience to defeat adversaries in thrilling aerial dogfights. New technologies, though, are...

New lunar rover in the works as NASA moon mission advances

Jul. 21, 2022 11:51 AM EDT

A new lunar rover is under development by Lockheed Martin and Goodyear as NASA gears up for a return to the moon. Unlike the rover first used during the Apollo 15 mission in 1971, built to last only a few days and for short trips, the new lunar vehicle is being built for extended...

NCR, Hasbro rise; IBM, Signature Bank fall

Jul. 19, 2022 16:16 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Hasbro Inc., up 56 cents to $79.98. The toy maker beat Wall Street's profit forecasts with strong showings from Magic: The Gathering and other tabletop games. Shopify...