Executives’ use of corporate jets for personal use on the rise: report
Corporate jet perks are on the rise for the CEOs and CFOs of the largest U.S. companies in the wake of the pandemic, according to research from executive intelligence firm Equilar.
Lockheed Martin officially introduces supersonic X-59 plane with NASA
Maryland-based Lockheed Martin officially introduced its experimental X-59 plane with NASA late last week. The plane was built to produce a 'quieter sonic thump.'
Moon landing: 'No chance' of soft lunar landing for US mission after critical failure
The Astrobotic Peregrine Mission One lunar lander has fewer than 40 hours before its thrusters run out of fuel and it tumbles through space, Astrobotic said.
Israel war boosts Lockheed Martin, Northrup Grumman, other defense stocks
Northrop Grumman, Lockheed Martin and other defense stocks rose on speculation the attack on Israel by Hamas terrorists that left thousands dead will boost demand for weapons.
American Oshkosh military armored vehicles reportedly deployed to Ukraine
Oshkosh Corporation's MRAP military vehicles are reportedly on the ground in Ukraine, according to Fox Business' 'The Claman Countdown.'
Lockheed Martin trims delivery outlook for F-35 stealth jets
Lockheed Martin lowered its outlook for F-35 deliveries amid software upgrade delays that trimmed its projected 2023 deliveries for the stealth jets to 97 from a range of 100-125.
US approves $12B arms package for Poland including Apache helicopters
The U.S. State Department gave a green light to a proposed $12 billion arms package for Poland that would include 96 AH-64E Apache attack helicopters in addition to equipment and ammunition.
Lockheed Martin wrestles with supply-chain issues to arm Ukraine
Lockheed Martin is the first of the big defense companies to report earnings. Sales rose from a year earlier, though the company said it still expects revenues to shrink this year.
China announces new sanctions against Lockheed Martin, Raytheon for Taiwan military sales
China is sanctioning Lockheed Martin and Raytheon Technologies over military sales to Taiwan as Beijing remains engaged in a territorial dispute with the island.
US approves Poland's bid to buy $10 billion in HIMARS, ammunition
The U.S. government has approved the potential sale of up to $10 billion of High Mobility Artillery Rocket Systems (HIMARS) to Poland, a key NATO ally in Eastern Europe.