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The Orion spacecraft has moved another step closer toward its first test flight as the core and starboard boosters for the United Launch Alliance Delta IV Heavy rocket contracted by Lockheed Martin [NYSE: LMT] for that flight have arrived to Cape Canaveral Air Force Station.
New questions are being raised about whether the F-35 stealth fighter is the right aircraft for Canada after a U.S. general acknowledged the jet is limited in what it can do and needs to be accompanied on its missions by another multi-million-dollar aircraft.
After years of futility in his first six NHL seasons with the New York Islanders and Florida Panthers, the star goaltender found a home - and the playoffs - in Vancouver.
Sales of the company's charging systems for electric vehicles increased 25.5 percent to $11.7 million from $9.4 million a year earlier.
Elon Musk, chief executive officer of Tesla Motors Inc. , says competition in the U.S. military's satellite-launch program may save taxpayers more than $1 billion a year.
We've all heard about how Lockheed Martin Corp.'s F-35 program is over budget and hitting its fair share of functionality roadblocks.
The multibillion-dollar Combat Rescue Helicopter contract will be awarded this June, U.S. Sen. Charles Schumer announced Tuesday.
The Pentagon's 2015 budget request includes $7.2 billion for satellites and other space-based programs but saves $2.1 billion over the next five years by scrapping plans for two Lockheed Martin Corp communications satellites.
The U.S. Navy is set to order 33 fewer Lockheed Martin Corp F-35 fighter jets than originally planned over the five years starting in fiscal 2015 due to budgetary pressures, a defense official said Monday.
The agreement between the Defense Science and Technology Organization and Lockheed Martin Australia is for 10 years and was inked by Dr. Alex Zelinsky, DSTO's chief defense scientist, and by Raydon Gates, chief executive of Lockheed's Australian subsidiary, the Department of Defense said.
After two months of intense negotiations with an international machinists' union, Lockheed Martin reached an agreement on a new four-year contract Sunday night that covers 2,800 employees at the company's Marietta plant.
The defense industry may now seem like an area best avoided by investors, what with the sequester eroding the U.S. defense budget and imposing total projected defense cuts of about $1 trillion over a 10-year span.
Lockheed Martin's Information Systems and Global Solutions division has begun marketing a solution for government agencies that can detect the movement and, in some cases, condition and operation of weapons and ammunition.