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Lockheed Martin Corp

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  • Lockheed Martin a partner on new defense deal Friday, 27 Jun 2014 | 3:03 AM ET

    OWEGO, N.Y.— Lockheed Martin Corp. and United Technologies Corp.' s Sikorsky Aircraft unit are joining forces again on a government contract. Connecticut- based Sikorsky will provide the aircraft, and Lockheed Martin's plant in Owego will handle the new helicopter's modernized mission systems and other special equipment.

  • The initial contract covers development and delivery of four Combat Rescue Helicopters based on the company's workhorse UH-60 Black Hawk, and caps nearly 15 years of repeated unsuccessful efforts by the Air Force to replace its aging fleet of HH-60G Pave Hawk rescue helicopters.

  • The contract covers development and delivery of four new Combat Rescue Helicopters and caps over a decade of repeated unsuccessful efforts by the Air Force to replace its aging fleet of HH-60G Pave Hawk helicopters.

  • WASHINGTON, June 26- The U.S. Air Force widened a ban on flights of Lockheed Martin Corp's F-35 A-model fighter jets on Thursday as authorities continue to investigate a fire on one of the jets this week, but the Navy and Marine Corps stopped short of a similar blanket move ahead of the plane's international debut next month.

  • US STOCKS-Futures flat after decline, GDP data awaited Wednesday, 25 Jun 2014 | 7:39 AM ET

    *Investors watching Iraq tension, crude oil rises early. Durable goods orders, also due at 8:30 a.m., are seen as flat in May, while a June read on service sector business activity from financial data firm Markit is seen as essentially unchanged from May.

  • "We intend to resume flights of the F-35As tomorrow," 1st Lieutenant Hope Cronin, a spokeswoman for the Air Force 33rd Fighter Wing, said on Tuesday. The unit trains Air Force, Marine Corps and Navy pilots to fly the new jets at Eglin Air Force Base.

  • WASHINGTON, June 23- The U.S. Air Force on Monday temporarily halted flights at a Florida air base of 26 F-35A fighter jets built by Lockheed Martin Corp after a jet caught fire as it was preparing to take off for a training flight, a Pentagon spokesman said.

  • WASHINGTON, June 23- The U.S. Air Force on Monday temporarily halted flights at a Florida air base of 26 F-35A fighter jets built by Lockheed Martin Corp after a jet caught fire as it was preparing to take off for a training flight, a Pentagon spokesman said.

  • CAPE CANAVERAL, Fla., June 22- Space Exploration Technologies, or SpaceX, postponed for a third time the launch of six commercial communication satellites from Cape Canaveral Air Force Station, officials said on Sunday.

  • WASHINGTON, June 20- The Pentagon is restructuring a $3.48 billion contract with Boeing Co for management of the troubled U.S. homeland missile defense program, said two sources familiar with the situation.

  • America's weapon in the U.S.-Russia space war Tuesday, 17 Jun 2014 | 6:07 AM ET
    In May, SpaceX CEO Elon Musk introduced SpaceX's Dragon V2 spacecraft, the company's next-gen version of the Dragon ship designed to carry astronauts into space.

    With its cost-effective technology, Space X is disrupting an industry that promises to be the biggest innovation economy in human history.

  • The company that wants to send you to space Tuesday, 17 Jun 2014 | 6:00 AM ET
    Elon Musk, founder and CEO of Tesla Motors and Space Exploration Technologies, known as SpaceX

    Elon Musk is helping to launch a commercial space industry with reusable rockets and commercial vehicles that can take humans into space.

  • WASHINGTON, June 16- The rocket launch company run by Boeing Co and Lockheed Martin Corp on Monday said it had signed contracts with multiple U.S. firms to work on a next-generation rocket engine as an alternative to a Russian engine now used for key launches.

  • McCain, a key member of the Senate Armed Services Committee, said he had long been troubled by the Pentagon's payment of 85- percent or higher award fees to Lockheed on the F-35 program despite cost increases and schedule delays, adding the background to those decisions was "disturbing.

  • WASHINGTON, June 13- Two and a half years after President Barack Obama disentangled America from a long, unpopular war in Iraq, his options for helping the Iraqi government stave off a militant onslaught are slim as doubts simmer over whether even punishing air strikes would be effective.

  • *U.S. Navy names General Dynamics, Lockheed units "superior suppliers". WASHINGTON, June 13- The U.S. Navy on Friday named units of top arms makers General Dynamics, Lockheed Martin Corp and Raytheon Co as part of its list of the top-performing nine suppliers for 2014 based on their performance over the last three years.

  • US oil ends at 2014 high near $107 as Iraq burns Friday, 13 Jun 2014 | 3:32 PM ET
    Gas is flared as waste from the Monterey Shale formation where gas and oil is extracted using hydraulic fracturing, or fracking, in March 2014 near Buttonwillow, Calif.

    Crude climbed to a nine-month high on Friday, as supply disruption fears took center stage.

  • Dollar edges up vs yen, sterling drives higher Friday, 13 Jun 2014 | 9:19 AM ET

    The dollar was up around a third of a percent against the yen as markets listened to the Bank of Japan's latest comments on policy on Friday.

  • NYMEX-US crude hits 9-month high amid Iraq unrest Thursday, 12 Jun 2014 | 8:55 PM ET

    SINGAPORE, June 13- U.S. crude futures rose by more than a dollar on Friday to the highest in nearly nine months amid upheaval in Iraq that threatens to disrupt supply from the second biggest OPEC producer.

  • The estimated value of the missile deal was $82 million.- It has delivered to Iraq 24 IA-407 armed reconnaissance helicopters.- It has provided Iraq with sniper rifles, M-16 rifles, M-4 rifles, millions of rounds of small arms ammunition and thousands of tank rounds.- Ten Scan Eagle reconnaissance drones, launched with a trailer-mounted pneumatic catapult, are to be delivered to Iraq later in the year.- U.S. special operations forces began a month of counterterrorism training for a group of Iraqi military troops on Monday in Jordan.