In a key advancement for drone threat detection, Lockheed Martin has successfully integrated its Q-53 multi-mission radar (MMR) with Anduril’s Lattice Command and Control (C2) system at the U.S. Central Command’s Desert Guardian exercise. Conducted at Fort Drum, this exercise aimed to bridge critical gaps in the detection and tracking of drone threats, underscoring Lockheed […]
Lockheed Martin Corporation, the aerospace and defense giant, released its third-quarter earnings report for 2024, showing impressive profit growth yet sparking a surprising stock decline. The company reported an adjusted earnings per share (EPS) of $6.84, surpassing Wall Street’s expectations of $6.50. This result marked a strong profit performance and aligned with the company’s trend […]
In a move poised to significantly impact India’s aerospace landscape, Lockheed Martin (NYSE: LMT) and Tata Advanced Systems Limited have announced a groundbreaking teaming agreement centered on the C-130J Super Hercules tactical airlifter. This strategic partnership marks a major step in enhancing India’s defense capabilities while strengthening the strategic relationship between India and the United […]
In a landmark decision underscoring its commitment to bolstering defense capabilities, the U.S. Army has awarded a monumental follow-on production contract to the Javelin Joint Venture (JJV) for fiscal year 2024. Valued at a staggering $1.3 billion, this deal represents the largest single-year production contract ever granted for the Javelin missile system, marking a significant […]
Lockheed Martin [NYSE: LMT] has signed a definitive agreement to acquire Terran Orbital [NYSE: LLAP] in a substantial transaction valued at approximately $450 million. This strategic acquisition will see Lockheed Martin purchase Terran Orbital for $0.25 per share in cash and assume its existing debt. The deal is anticipated to close in the fourth quarter […]
In a transformative step for New Zealand’s tactical airlift capabilities, Lockheed Martin (NYSE: LMT) has delivered the first of five C-130J Super Hercules aircraft to the New Zealand Ministry of Defence and New Zealand Defence Force. This significant milestone was celebrated during a ceremony held at Lockheed Martin’s facility in Marietta, Georgia, on August 8, […]
In a significant boost to Ukraine’s military capabilities, President Volodymyr Zelenskiy announced that Ukrainian pilots have started flying the U.S.-made F-16 fighter jets. This milestone comes more than 29 months after Russia’s invasion of Ukraine and represents a critical enhancement to the nation’s air defenses. The arrival of these advanced fighter jets, built by Lockheed […]
In a landmark development for European air defense, Lockheed Martin has delivered the first batch of F-16 Block 70 fighter jets to the Slovak Republic. This delivery represents a crucial step in strengthening Slovakia’s defense capabilities and enhancing its role within the NATO alliance. Lockheed Martin has thus far produced five of the planned fourteen […]
Lockheed Martin (NYSE: LMT) has taken a significant step in bolstering the U.S. Air Force Reserve’s mission capabilities by delivering the first of eight C-130J-30 Super Hercules tactical airlifters to Ohio’s Youngstown Air Reserve Station. This aircraft marks a pivotal enhancement in aerial capabilities, introducing a new aerial spray mission, a unique feature among the […]
In a significant boost to the United States’ weather forecasting capabilities, the National Oceanic and Atmospheric Administration (NOAA) has awarded Lockheed Martin a substantial contract to develop the next generation of geostationary weather satellites. Known as Geostationary Extended Observations (GeoXO), this new constellation will build on the legacy of the current GOES-R series, also developed […]