The package is expected to be significantly larger than one that was shelved at the end of the Obama administration.
The Northrop Grumman-BAE Systems team exited the T-X trainer jet competition, making it the second team to leave the competition this month.
Lockheed can slash costs of the F-35 in the latest batch order by about $600 million through cost savings up and down the supply chain.
The U.S. Department of Defense and Lockheed Martin are close to deal for a contract worth almost $9 billion.
Russian saber rattling and prodding from Washington are spurring more European allies to step up defense spending.
Trump's Twitter attack on the F-35 stealth fighter isn't the first time he's lashed out at one of the military's biggest programs.
The Navy's new $4 billion USS Zumwalt destroyer has been plagued by problems and may see its future role minimized.
President-elect Donald Trump wants a U.S. military with more ships, troops and planes but getting it won't be easy even with a GOP Congress.
The shocking Donald Trump victory has put a rocket under defense stocks all over the world.
The European parliament will for the first time vote on whether to spend large scale public cash on military research.
European stocks seesawed in afternoon trade and closed higher as investors reacted to a speech from Federal Reserve Chair Janet Yellen.
Prime Minister Theresa May will outline her bid to reshape the British economy for a post-Brexit world, reviving industrial policy once more.
A trio of Lockheed Martin’s F-35 Joint Strike Fighter touched down in the UK last week in readiness for an appearance at the Farnborough Airshow
Vietnam's Tien Phong Bank said that it interrupted an attempted cyber heist that involved the use of fraudulent SWIFT messages.
The bosses of Britain's biggest companies are to back David Cameron in his fight to keep the country in the EU, reported The Financial Times.
Europe finished mixed on Thursday as optimism on earnings, failed to completely offset turbulence surrounding various commodities.
European markets extended gains to close higher Monday, thanks to remarks from ECB head Mario Draghi and a recovery in banks and commodities.
European stocks closed lower Monday, as investors failed to shake off concerns over commodities and China.
European markets closed sharply lower on Wednesday after geopolitical risks increased uncertainty among investors.
A much-lauded air-to-surface missile has joined the fight against the Islamic State in Syria this week.