Lockheed Martin is a global aerospace, defense, security, and advanced technology company that specializes in designing and manufacturing innovative systems, products, and services for government and commercial customers. The company is primarily known for its development of advanced military aircraft, missile defense systems, and space exploration technologies. Lockheed Martin also plays a key role in various programs related to cybersecurity, autonomy, and advanced manufacturing, focusing on fostering technological advancements that enhance national security and support international defense initiatives. Through its various sectors, the company aims to address complex challenges and provide cutting-edge solutions to enhance safety and security for its clients around the world. Read More
As tensions continue to flare in the Middle East, U.S. Stock futures inch lower on Wednesday evening, compounded by the Fed's decision to hold rates steady, while warning of lower economic growth and persistent inflation.
Defense technology firm Anduril Industries has formed a strategic partnership with German defense giant Rheinmetall to co-develop autonomous air systems and propulsion capabilities for the European market.
U.S. stock futures remain unfazed by President Donald Trump's calls for an "Unconditional Surrender" by Iran on Tuesday night, as tensions continued to flare in the Middle East.
Lockheed Martin’s first quarter results reflected solid execution across its core business lines, with growth driven by demand for tactical missiles and continued strength in its aeronautics segment. Management attributed the quarter’s performance to increased production of F-35 fighter jets and higher volumes in missile programs such as JASM, LRASM, and HIMARS. CEO James Taiclet emphasized the company’s ability to “deliver strong all-around performance,” noting progress in integrating digital technologies and operational improvements that enabled Lockheed Martin to absorb tariff-related headwinds. The company also recorded significant new missile awards, supporting a backlog that now stands at $173 billion.
The stock market fell as Trump considers military intervention in the Israel-Iran conflict. Solar stocks plummeted due to a proposed tax credit phase-out.
The Pentagon has denied Wisconsin's $18 million grant application for noise mitigation funding to address F-35 fighter jet noise affecting Madison residents, while simultaneously cutting Lockheed Martin Corp. aircraft orders in half amid broader defense budget reductions.
