Latest Lockheed Martin Corp News

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...

Indonesian military jet trainer crashes, killing its pilot

Jul. 18, 2022 22:26 PM EDT

JAKARTA, Indonesia (AP) — An Indonesian military jet crashed on a nighttime training mission on the main island of Java, killing its pilot. The South Korean-made T-50i Golden Eagle was conducting tactical intercept training when it went down into bushes late Monday in Central Java...

The Latest: Saudi Arabia downplays normalization with Israel

Jul. 16, 2022 13:58 PM EDT

The Latest on U.S. President Joe Biden's trip to the Mideast: JEDDAH, Saudi Arabia — Saudi Arabia’s top diplomat on Saturday downplayed talk of normalization with Israel after the kingdom opened its airspace to Israeli commercial flights and hammered out a complex deal over...

Huge German military fund clears last parliamentary hurdle

Jun. 10, 2022 04:20 AM EDT

BERLIN (AP) — A 100 billion-euro ($107 billion) fund to strengthen the German military cleared its final legislative hurdle on Friday, winning approval from parliament's upper house. The decision clears the way for the government to move ahead with a massive procurement drive that...

German lawmakers vote to approve huge fund for military

Jun. 03, 2022 11:32 AM EDT

BERLIN (AP) — German lawmakers voted Friday to approve a 100 billion-euro ($107 billion) special fund to strengthen the country's military, preparing the way for a massive procurement drive three months after Russia's invasion of Ukraine jolted the government into action. The...

Albania buys anti-tank Javelin missiles to strengthen army

May. 21, 2022 09:46 AM EDT

TIRANA, Albania (AP) — Albania's defense minister said Saturday the Western Balkan country has bought anti-tank Javelin missiles to strengthen its defenses. Niko Peleshi said Albania signed a contract with U.S. Lockheed Martin, without specifying the number of missiles, how much...