Latest Lockheed Martin Corp News

First delivery of S. Korean heavy weapons comes to Poland

Dec. 06, 2022 05:15 AM EST

GDYNIA, Poland (AP) — Polish President Andrzej Duda and the country's defense minister on Tuesday took delivery of a first shipment of tanks and howitzers from South Korea, hailing the swift implementation of a deal signed in the summer in the face of the war in neighboring Ukraine. ...

Lockheed teams with Israel's Rafael on laser defense

Dec. 05, 2022 11:34 AM EST

JERUSALEM (AP) — U.S. weapons maker Lockheed Martin Corp. and Israeli defense contractor Rafael on Monday said they will team up to develop a high-energy laser system to defend against aerial attacks. The system will be based on “ Iron Beam,” a laser missile-defense system...

Estonia to buy US rocket artillery system in $200M deal

Dec. 03, 2022 10:34 AM EST

HELSINKI (AP) — NATO member and Russia’s neighbor Estonia is boosting its defense capabilities by acquiring an advanced U.S. rocket artillery system in the Baltic country’s largest arms procurement project ever, defense officials said Saturday. The deal signed Friday for the...

Air Force, Army square off in Texas for 2nd straight year

Nov. 03, 2022 12:28 PM EDT

Army (3-4) vs. Air Force (5-3) at Globe Life Field, Arlington, Texas, Saturday, 11:30 a.m. EDT (CBS) Line: Air Force by 7 1/2, according to FanDuel Sportsbook. Series record: Air Force leads 37-18-1. WHAT’S AT STAKE? It's the second game...

Hunt for deep sea minerals draws scrutiny amid green push

Nov. 02, 2022 11:02 AM EDT

SAN JUAN, Puerto Rico (AP) — High demand for metals ranging from copper to cobalt is pushing the mining industry to explore the world’s deepest oceans, a troubling development for scientists who warn that extracting minerals from critical ecosystems that help regulate climate could cause...

Bulgaria to buy a second batch of eight new F-16s from US

Oct. 27, 2022 12:48 PM EDT

SOFIA, Bulgaria (AP) — Bulgaria’s caretaker government said Thursday it has approved the purchase of a second batch of eight new F-16 fighter jets needed to bring its air force in line with NATO standards. The decision still needs parliamentary approval, but the Cabinet...

Asia stocks mixed after Wall St rises on corporate profits

Oct. 19, 2022 00:10 AM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose on strong corporate profit reports. Tokyo advanced while Shanghai and Hong Kong declined. The yen stayed near a two-decade low near 149 to the dollar. Oil prices gained. Wall Street's...

Goldman Sachs, Lockheed Martin rise; Hasbro, Conn's fall

Oct. 18, 2022 16:21 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Goldman Sachs Group Inc., up $7.14 to $313.85. The investment bank's third-quarter profit and revenue beat analysts' forecasts. Marten Transport Ltd., down $1.48 to...

Pathways to Aviation fuels student interest on land, in sky

Oct. 08, 2022 09:11 AM EDT

GEORGETOWN, Del. (AP) — Hurricane Ian’s remnants grounded a portion of 2022 Wings & Wheels, but youthful interest in aviation took flight at Delaware Coastal Airport. Approximately 70 students from about a half dozen schools in Delaware and Maryland participated in Wings...

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. ...