Latest Lockheed Martin Corp News

Lockheed Martin announces $142M expansion of Arkansas plant

Jun. 17, 2019 4:41 PM EDT

LITTLE ROCK, Ark. (AP) — Lockheed Martin said Monday that will spend $142 million and hire 326 new workers over the next few years as it expands its southern Arkansas facility. The Maryland-based company announced the expansion of its plant in Camden, about 85 miles (140 kilometers) southwest of Little...

Asian stocks mostly lower after retreat on Wall Street

Jun. 12, 2019 2:15 AM EDT

TOKYO (AP) — Shares were mostly lower in Asia on Wednesday and Hong Kong's Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy. Renewed jitters over the trade war between the U.S. and China...

Asian shares rise as Trump plans to meet Chinese leader

Jun. 11, 2019 12:09 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday as investor jitters over trade eased after U.S. President Donald Trump suspended plans to impose tariffs on Mexican imports and said he expects to meet with the Chinese leader. Japan's benchmark Nikkei 225 rose 0.4% in morning trading to 21,208.09....

New Zealand military to buy 5 Lockheed Super Hercules planes

Jun. 10, 2019 11:55 PM EDT

WELLINGTON, New Zealand (AP) — New Zealand's military announced Tuesday it will buy five new Super Hercules planes to replace its 50-year-old fleet of Hercules. Defense Minister Ron Mark said the estimated cost of the Lockheed Martin aircraft was more than 1 billion New Zealand dollars ($661 million),...

Raytheon and United Technologies to create a defense giant

Jun. 10, 2019 11:26 AM EDT

WALTHAM, Mass. (AP) — Raytheon and United Technologies will join to create a massive aerospace and defense company in a sector that is already rapidly consolidating. The combined company, which will count among its portfolio of weaponry the F-35 fighter jet engines, Patriot and Tomahawk missile systems in...

Flu ruled out as cause of death for Texas couple in Fiji

Jun. 6, 2019 6:12 PM EDT

FORT WORTH, Texas (AP) — Health officials in Fiji said they don't yet have an answer on why a Texas couple died while vacationing on the island but that influenza has been ruled out as a potential cause. Fiji's Ministry of Health and Medical Services said in a statement Wednesday that the investigation is...

Female CEOs are competitively paid, but greatly outnumbered

May. 24, 2019 4:15 PM EDT

The few women who are CEOs of the largest U.S. companies typically make more money than their male counterparts but aren't close to the top of the leaderboard for pay packages. The median pay package for female CEOs in the 2018 fiscal year was $12.7 million, compared with $11.2 million for men, according to data...

GM's Barra, Lockheed's Hewson among highest paid female CEOs

May. 24, 2019 1:33 PM EDT

Here are the 10 highest-paid female CEOs for 2018, as calculated by The Associated Press and Equilar, an executive data firm. The AP's compensation study covered 340 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy...

Libyan National Army hires firm to forge closer ties with US

May. 21, 2019 5:43 PM EDT

WASHINGTON (AP) — A Libyan general who has gained control of the city of Benghazi and is believed to have ties to the CIA has hired a Texas-based lobbying firm to help him forge closer relations with the U.S. as he seeks to defeat rival militias and consolidate his hold on the North African country. Field...

US ends search for Japanese F-35 that crashed in April

May. 9, 2019 6:49 AM EDT

TOKYO (AP) — The U.S Navy said Thursday it has suspended its search for a Japanese air force F-35A stealth fighter that crashed off Japan's coast last month, after the allies scrambled to locate the aircraft to protect its military secrets. The pilot is still missing, and Defense Minister Takeshi Iwaya...