The U.S. defense secretary, has opened the door to more weapons sales to the Gulf states, as Washington seeks to convince allies of its commitment to the Iran nuclear talks. The Financial Times reports.» Read More
The F-35's safe first flight is an important step toward full production of the $276.5 billion fighter project, which Lockheed Martin is developing.
The Iraq Study Group will bring its long awaited recommendations to President Bush on Wednesday--but it remains to be seen just how closely the Bush administration will adhere to its proposals. On CNBC’s “Power Lunch” --Bill Griffeth discussed the group with Michael Duffy, Time magazine’s Washington Bureau Chief and John Harwood--CNBC Chief Washington Correspondent.
Lockheed Martin shares hit an all-time high on reports of new aircraft orders from the U.S. Air Force.