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For the First Time Since '65, the U.S. Military Will Blast a Nuclear Reactor Into Space
The Pentagon has awarded Lockheed Martin $33.7 million to make a nuclear-powered spacecraft. The spacecraft will use nuclear fission to power Stirling engines, creating electricity for propulsion, onboard systems, and payloads. This will be the first time that the U.S. military has launched a nuclear reactor into space.
Not A Plane, Not A Boat — And If The Motors Fail This Fast Electric Seaglider Floats Regent has raised $90 million to get its 12-passenger electric seaglider into production by mid-decade. The business jet-like vehicle will travel up to 180 miles at speeds as fast as 180 mph. Mark Cuban, Peter Thiel, Lockheed Martin, Japan Airlines and Hawaiian Airlines among others.
Rocket Lab expanding to Baltimore County, opening production plant in Middle River Rocket Lab USA plans to manufacture products for spacecraft and rockets in Maryland. The company will make the products in a Space Structures Complex situated at the former Lockheed Martin Vertical Launch building in Middle River. Rocket Lab intends to create 65 permanent full-time jobs at its new location by December 2025.
The Netherlands send five F-16s to Romania to train Ukrainian pilots Five Dutch fighter jets are on their way to the European F-16 Training Centre in Romania. The aircraft are intended for the training of Romanian and Ukrainian pilots. Lockheed Martin will provide training and maintenance of the aircraft.
80 years later, "Rosie the Riveter" Grace Brown still a symbol of strength Grace Brown of Mesquite was a real-life Rosie, contributing to the war effort on the home front. Brown worked at the consolidated plant, which is now Lockheed Martin. The Rosie image was one of the most successful recruiting campaigns in U.S. History.
Lockheed Martin CEO says America needs to invest in digital defense systems to prepare for the future Lockheed Martin CEO Jim Taiclet says the U.S. needs to invest in digital technology. Lockheed has alliances with companies like Nvidia, Microsoft and Intel to bring digital technology more quickly into the defense sector.
Netherlands sends five F-16s to Romania to train Ukrainian pilots The Netherlands has stationed five F-16 jets in Romania to start training Ukrainian pilots. The aircraft arrived at Fetesti Air Base in southeast Romania on Tuesday. The Netherlands and Denmark are in charge of coordinating European efforts. The U.S. defense company Lockheed Martin will provide training support.
First Dutch F-16s arrive in Romania to train Ukrainian and NATO pilots Netherlands sends five F-16 fighter jets to EFTC in Romania to train Ukrainian pilots. Training flights will be conducted exclusively in NATO airspace. The Netherlands, Lockheed Martin, and Romania agreed on Aug. 31 to set up an F- 16 Pilot Training Centre in Romania.
Canada’s F-35 fighter jets to cost $74B over 45-year lifespan: PBO In January, the federal government announced a deal with Lockheed Martin and the U.S. government to buy 88 jets at a cost of about US$85 million each. The new aircraft are to replace the Royal Canadian Air Force’s aging CF-18s. The first four planes are expected to be delivered in 2026.
Space Force Awards $2.5B in Contracts to SpaceX, ULA The United States Space Force awarded $2.5 billion in rocket launch contracts to SpaceX and United Launch Alliance. The assignments were split nearly evenly between SpaceX and ULA, with the former receiving 10 missions, valued at $1.23 billion. ULA is a joint venture between Boeing and Lockheed Martin. The missions are reportedly set to launch over the next two to three years.
Lifetime cost of Canada's F-35 fighter jets is $73.9B Canada will pay an estimated $73.9 billion to buy, fly and maintain its new fleet of F-35 fighter jets. In January, the federal government announced a deal with Lockheed Martin and the U.S. government. The new aircraft are to replace the Royal Canadian Air Force's aging CF-18s. The first four planes are expected to be delivered in 2026 and the final 18 in 2032.
Texas Rep. Kay Granger won't seek reelection in 2024... Texas Rep. Kay Granger won't seek reelection in 2024 after nearly 30 years in Congress. Granger, 80, is the nation's longest-serving GOP congresswoman and was first elected in 1996. Her district includes a Lockheed Martin plant that builds the F-35 fighter jet.
Pro-Palestine activists 'storm Israel warplane manufacturer' in Bedford as three arrested' Pro-Palestine activists storm industrial base of Lockheed Martin in Bedfordshire in protest at their alleged manufacturing of warplanes for Israel. Video from the scene shows a number of police cars appearing to enter the facility. According to the group reportedly behind the incident, Palestine Action, three activists have been arrested. The protest comes after the BBC's London headquarters was sprayed with red paint ahead of a march.
Ukraine War Boosts Big US Defense Contractors' Profits The Russian invasion of Ukraine in 2022 is starting to boost defense contractors' revenues. Lockheed Martin, General Dynamics and others expect that existing orders for hundreds of thousands of artillery rounds, hundreds of Patriot missile interceptors and a surge in orders for armored vehicles expected in the months ahead.
Western arms makers see revenues booming on Ukraine conflict Lockheed Martin, General Dynamics, and RTX all reported better than expected results over the past week. The surge in revenues is attributed to the sharp increase in military spending by Western countries.
Lockheed beats estimates on sustained weapons demand... Lockheed shares were down as much as 2.1% due to weak sales in the unit that makes the F-35 fighter jet. The war in Ukraine has prompted restocking arms and ammunition such as shoulder-fired missiles, artillery and other weaponry.
Lockheed revenue rises on sustained weapons demand amid... Lockheed revenue rises on sustained weapons demand amid geopolitical tensions. The ongoing war in Ukraine has prompted restocking of arms and ammunition. Lockheed's weapons have proven critical to Ukraine's war efforts.
Defense funds see sharp inflows as Israel-Hamas... Defense funds see sharp inflows as Israel-Hamas conflict threatens Middle East. Top holdings Lockheed Martin and Northrop Grumman rallied 10% and 16%, respectively.
FDI - October 14 Weekly Review Aerospace and defense stocks were the market's best-performing industry group. Lockheed Martin (LMT +10.1%) was the FDI portfolio’s top weekly performer.
Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.15 Lockheed Martin Corporation's (NYSE:LMT) periodic dividend will be increasing on the 29th of December to $3.15. This makes the dividend yield 2.7%, which is above the industry average. Lockheed Martin has seen EPS rising for the last five years, at 27% per annum. The company doesn't have any problems growing, despite returning a lot of capital to shareholders.
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