Edition:
United States

Mike Stone

Saudi Arabia inks deal for Lockheed's missile defense system

Nov 28 2018

WASHINGTON Saudi Arabia will buy Lockheed Martin's $15 billion missile defense system, a U.S. Department of State spokesman said on Wednesday, after aggressive lobbying by the administration to close the deal that included a personal call between President Donald Trump and Saudi King Salman.

Trump stands by Saudi prince despite journalist Khashoggi's murder

Nov 20 2018

WASHINGTON President Donald Trump vowed on Tuesday to remain a "steadfast partner" of Saudi Arabia despite saying that Saudi Crown Prince Mohammed bin Salman may have known about the plan to murder dissident journalist Jamal Khashoggi last month. | Video

Pentagon fails its first-ever audit, official says

Nov 15 2018

WASHINGTON The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve.

Lockheed gets interim payment for first multiyear F-35 contract: Pentagon

Nov 14 2018

WASHINGTON Lockheed Martin Corp has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday.

UPDATE 1-Lockheed gets interim payment for first multiyear F-35 contract -Pentagon

Nov 14 2018

WASHINGTON, Nov 14 Lockheed Martin Corp has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday.

Exclusive: Defence firms see only hundreds of new U.S. jobs from Saudi mega deal

Oct 30 2018

WASHINGTON Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying "It's 500,000 jobs." | Video

Exclusive: Defense firms see only hundreds of new U.S. jobs from Saudi mega deal

Oct 30 2018

WASHINGTON Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying "It's 500,000 jobs." | Video

Raytheon beats profit estimates, raises full-year forecast

Oct 25 2018

Defense contractor Raytheon Co beat analysts' estimates for third-quarter profit on Thursday and raised its full-year forecast, helped by sales of Patriot missile defense systems and cybersecurity services.

Exclusive: Trump, industry work behind the scenes to save Saudi arms package

Oct 24 2018

WASHINGTON The Trump administration and the U.S. defense industry are scrambling to save the few actual deals in the much-touted $110 billion arms package for Saudi Arabia as concerns rise about the role of the Kingdom's leadership over the death of a prominent critic. | Video

Lockheed Martin profit beats, downplays Saudi exposure

Oct 23 2018

Lockheed Martin Corp , the Pentagon's No. 1 weapons supplier, on Tuesday posted a better-than-expected rise in quarterly profit, driven by higher production of its F-35 fighter jets, and forecast sales above Wall Street estimates for next year.

World News

U.S. Senate hands Trump historic rebuke on Saudi Arabia

The U.S. Senate delivered a rare double rebuke to President Donald Trump on Saudi Arabia on Thursday, voting to end U.S. military support for the war in Yemen and blame the Saudi crown prince for the murder of journalist Jamal Khashoggi.