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Lockheed Martin Corp

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  • PARIS, June 16- Lockheed Martin Corp announced on Tuesday that it will team with Raytheon Co and Canadian planemaker Bombardier to develop a new surveillance and command and control aircraft for a future U.S. Air Force competition. Northrop and Boeing Co have also said they plan to compete for the contract when the Air Force launches a competition in the coming...

  • Deals and thrills at the Paris Air Show Tuesday, 16 Jun 2015 | 11:44 AM ET

    Here's the highlights from the 51st International Paris Air Show.

  • PARIS, June 16- Lockheed Martin Corp on Tuesday named a private firm, Hybrid Enterprises LLC, as the exclusive sales agent for its Hybrid Airships, a new type of aircraft that company officials say could revolutionize the way oil and mining companies haul equipment to the Arctic and other remote areas without roads. Rob Binns, chief executive officer of Hybrid...

  • CAPE CANAVERAL, Fla. June 15- Europe's Airbus Group will design and build about 900 satellites for privately owned OneWeb Ltd, which plans to offer high-speed, space-based Internet access to billions of people worldwide, company officials said on Monday. Bankrolled in part by Richard Branson's London- based Virgin Group and chipmaker Qualcomm Inc, the project...

  • WASHINGTON, June 15- The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change. Advanced nuclear power plants, which will employ techniques such as using fuels...

  • WASHINGTON, June 15- The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change. Advanced nuclear power plants, which will employ techniques such as using fuels...

  • PARIS, June 15- Lockheed Martin Corp, maker of the F-35 fighter jet, said on Monday it realized it would have to generate significant savings to help justify a block buy of up to 500 aircraft beginning in fiscal 2018.. She said Lockheed supported the Pentagon's push given the certainty of a block buy, the sheer scale of the resulting order, and the ability to drive down...

  • PARIS, June 15- United Technologies Corp announced on Monday that it would separate from its Sikorsky Aircraft business and said it would decide by the end of the third quarter whether to spin off or sell the $8 billion unit. United Technologies said the decision came after a review of strategic alternatives announced earlier this year and was subject to final...

  • PARIS, June 14- Eileen Drake, the new chief executive of Aerojet Rocketdyne Holdings Inc, on Sunday vowed to keep a "huge focus" on cutting overhead costs in coming years, including a 10- percent workforce reduction and possible facility closings. Drake, a former Army helicopter pilot and executive with Pratt& Whitney, a unit of United Technologies Corp, joined...

  • PARIS, June 14- Lockheed Martin Corp issued a warning on Sunday over prospects for its rocket launch joint venture with Boeing Co, saying it urgently needed the United States to waive a law banning the use of Russian engines to launch military and spy satellites. The U.S. Air Force last month certified privately held Space Exploration Technologies, or SpaceX, to...

  • PARIS, June 14- Lockheed Martin Corp issued a warning on Sunday over the viability of its rocket launch joint venture with Boeing Co, saying the venture urgently needed the United States to waive a law banning the use of Russian engines to launch military and spy satellites. Rick Ambrose, who heads Lockheed's space business, told Reuters in an interview that...

  • Boeing gets third satellite order from ABS Friday, 12 Jun 2015 | 4:26 PM ET

    June 12- Boeing Co said it received a contract to build its third all-electric propulsion satellite for privately held commercial satellite provider ABS. Boeing, which competes with Lockheed Martin Corp and Elon Musk's SpaceEx in the commercial satellite market, said the satellite, ABS-8, is scheduled for delivery in 2017.. ABS-8 will expand broadcast and...

  • Beyond cutting edge: Fusion energy's front-runners Friday, 12 Jun 2015 | 1:28 PM ET
    Tom McGuire is the head of the compact fusion research team at Lockheed Martin's Skunk Works.

    Fusion power sounds like a science-fiction dream, but billions in investment are pouring into it, according to OilPrice.com.

  • WASHINGTON, June 9- The State Department notified Congress on Tuesday that it has approved potential arms deals worth nearly $2.4 billion with South Korea and Lebanon, including three Aegis Shipboard Combat Systems for Seoul and six close air support planes for Beirut. The two separate notifications were to advise Congress of potential sales but do not mean...

  • WASHINGTON, June 9- The U.S. Air Force said on Tuesday it will use Lockheed Martin Corp's updated A2100 spacecraft for the fifth and sixth U.S. missile early warning satellites, with no additional cost to its 2014 bulk purchase contract with Lockheed. The Air Force said by swapping out the spacecraft for the next two Space Based Infrared System satellites, it will...

  • WASHINGTON, June 9- The U.S. Air Force said on Tuesday it will use Lockheed Martin Corp's updated A2100 spacecraft for the fifth and sixth U.S. missile early warning satellites, with no additional cost to its 2014 bulk purchase contract with Lockheed. In a statement, the Air Force's Space and Missile Systems Center said the change also offered the potential for...

  • WASHINGTON, June 9- Germany said on Tuesday it will buy the MEADS air and missile defense system from Europe's MBDA and Lockheed Martin Corp instead of an updated Patriot system offered by Raytheon Co, but said the companies would have to meet demanding performance milestones to retain the contract. Germany funded a quarter of the $4 billion invested by it, the...

  • WASHINGTON, June 7- The United States and Japan announced on Sunday the first live-fire test of Raytheon Co's new Standard Missile-3 Block IIA missile that is being jointly developed by the two countries for several billion dollars. Rick Lehner, spokesman for the U.S. Missile Defense Agency, said the test conducted on Saturday from the Point Mugu Sea Range off...

  • 3D printing just made space travel cheaper Sunday, 7 Jun 2015 | 6:18 PM ET
    SpaceX Dragon attached to International Space Station

    Companies looking to launch satellites into space typically spend $10-50 million per launch but 3D printing may see those costs drop in a big way.

  • WASHINGTON, June 7- The United States and Japan on Sunday announced the first live fire test of Raytheon Co's new Standard Missile-3 Block IIA missile that is being jointly developed by the two countries for a combined cost of around $2 billion. Rick Lehner, spokesman for the U.S. Missile Defense Agency, said the test conducted on Saturday from the Point Mugu Sea...