Lockheed Martin Corporation

Democratic and Republican U.S. lawmakers urged President Joe Biden's administration not to sell F-16 fighter jets to Turkey and said they were confident Congress would block any such exports.

Lockheed Martin Corp dramatically lowered its sales expectations for this year and next on Tuesday as the COVID-19 pandemic severely hobbled the top U.S. defense contractor's supply chain, sending its shares down 12%.

U.S. weapons maker Lockheed Martin Corp lowered its 2021 revenue expectations by 2.5% to $67 billion on Tuesday and said next year's revenue could fall to $66 billion as the COVID-19 pandemic hobbles the company's supply chain.

President Tayyip Erdogan said on Sunday that the United States had proposed the sale of F-16 fighter jets to Turkey in return for its investment in the F-35 programme, from which Ankara was removed after purchasing missile defence systems from Russia.

Lockheed Martin said on Monday it had agreed with the Pentagon to deliver 151 to 153 F-35 fighter aircraft in 2022, fewer than the 169 jets it had hoped to deliver.

The Pentagon has awarded Lockheed Martin Corp annualized contracts worth up to $6.6 billion to support operations and sustainment of the global F-35 fleet, its F-35 Joint Program Office said on Monday.

A bipartisan group of 13 members of the U.S. Congress sent a letter to the Pentagon supporting Lockheed Martin's proposed acquisition of rocket engine maker Aerojet Rocketdyne, according to the letter seen by Reuters.

Rocket builder United Launch Alliance (ULA), a joint venture between Boeing Co and Lockheed Martin Corp, said on Thursday it would mandate COVID-19 vaccinations for all its employees beginning Sept. 1.

Rocket builder United Launch Alliance (ULA), a joint venture between Boeing Co and Lockheed Martin Corp, will require all employees to receive vaccinations against COVID-19 from Sept. 1, CNBC reported https://www.cnbc.com/2021/08/19/united-launch-alliance-requiring-covid...

Security and aerospace company Lockheed Martin Corp said on Tuesday it is searching for a new chief financial officer after Kenneth Possenriede resigned from the post due to personal reasons.

Lockheed Martin Corp said on Tuesday it would cut its pension liabilities by about $4.9 billion and revised down its forecast for the full-year due to actuarial losses it expects to incur.

Lockheed Martin Corp said future F-35A fighter jets could be more expensive as rising inflation and customer demands halt a 64% drop in price since the jet was first introduced in 2007.

Lockheed Martin Corp told Wall Street analysts on Monday that it had a $225 million loss on a classified development program at its Aeronautics business unit, sending its shares down, but said the work will eventually lead to a production contract.

U.S. weapons maker Lockheed Martin Corp said on Monday its space business boosted revenues in the latest quarter, but a classified aeronautics development program caused the company to miss analysts' profit estimate, sending shares down 3.2% in early trading.Lockheed's second-quarter...

U.S. Senator Elizabeth Warren has asked the Federal Trade Commission to take a tougher look at defense industry mergers, questioning a proposal from Lockheed Martin that would allow it to buy the biggest independent maker of rocket motors, Aerojet Rocketdyne Holdings.

U.S. Senator Elizabeth Warren has asked the Federal Trade Commission to take a tougher look at defense industry mergers, questioning a proposal from Lockheed Martin that would allow it to buy the biggest independent maker of rocket motors, Aerojet Rocketdyne Holdings.

Airbus has offered to assemble Eurofighter aircraft in Switzerland if Bern picks it for a 6 billion Swiss franc ($6.5 billion) defence contract, a top salesman at the consortium told a Swiss Sunday newspaper.

The U.S. State Department has approved the potential sale of F-16 fighter jets, as well as Sidewinder and Harpoon missiles, to the Philippines in three separate deals with a combined value of more than $2.5 billion, the Pentagon said on Thursday.

Lockheed Martin's F35-A Lightning II performed the best in a Swiss evaluation of what fighter jet to buy next, although the final political decision was still open, Swiss broadcaster SRF reported on Monday, citing three unidentified sources.