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The Department of Defense’s priorities for the next five years call for protected and prioritized investments in weapon technology and new capabilities.
U.S. President Donald Trump's administration plans to use a loophole and rising tensions with Iran to sell bombs to Saudi Arabia, even though Congress blocked such sales for months over concerns about civilian deaths in the war in Yemen, Senator Chris Murphy said on Wednesday. "I am hearing that Trump may use an obscure loophole in the Arms Control Act and notice a major new sale of bombs to Saudi Arabia (the ones they drop in Yemen) in a way that would prevent Congress from objecting.
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage in the trade war between the two global economic powers. WHAT ARE RARE EARTHS USED IN?
Billionaire Elon Musk's SpaceX accused the U.S. Air Force of breaking contracting rules when it awarded money to three rocket makers but passed on Musk's rival bid, and said the tender should be reopened, according to a court filing unsealed on Wednesday. In the complaint, Space Exploration Technologies Corp said contracts were awarded for three "unbuilt, unflown" rocket systems that would not be ready to fly under the government's timeline, "defeating the very objectives" outlined by the Air Force's program. SpaceX asked the court to force the Air Force to reopen the $2.3 billion Launch Service Agreements competition and reconsider the Hawthorne, California-based company's proposal.
Lockheed Martin (LMT) is likely to provide incremental funding for supporting the continued development, integration and production of 15 AN/SQQ-89A(V) Surface Ship Undersea Warfare (USW) system.
The Kremlin on Wednesday condemned as unacceptable an alleged U.S. ultimatum to Turkey designed to force it to cancel a deal to buy Russian S-400 surface-to-air missile systems and purchase U.S. Patriot missile systems instead. Moscow was responding to a CNBC report which said Washington had given Turkey just over two weeks to scrap the Russian deal and do an arms deal with the United States instead or risk severe penalties. Turkey and the United States have been at odds on several fronts, including Ankara's decision to buy the S-400s, which cannot be integrated into NATO systems.
Turkey's defense minister said it was preparing for potential U.S. sanctions over its purchase of Russian S-400 missile defense systems, even while he said there was some improvement in talks with the United States over buying F-35 fighter jets. Turkey and the United States have been at odds on several fronts including Ankara's decision to buy the S-400s, which cannot be integrated into NATO systems. Washington says it would jeopardize Turkey's role in building Lockheed Martin F-35 fighter jets, which it says would be compromised by S-400s.
Turkish Defence Minister Hulusi Akar said he sees an improvement in talks with the United States over the purchase of Russian S-400 defense systems and U.S. F-35 fighter jets, but added that Ankara was also preparing for potential U.S. sanctions. Turkey and the United States are at odds over Ankara's decision to buy the S-400s, which cannot be integrated into NATO systems. Washington says the move would jeopardize Ankara's role in building Lockheed Martin F-35 fighter jets, which it says would be compromised by the S-400s.
Turkey has a little more than two weeks to decide whether to complete a complex arms deal with the U.S. or risk severe penalties by going through with an agreement to buy a missile system from Russia, according to multiple people familiar with the matter. The U.S. State Department's current offer is the final one, according to multiple sources. WASHINGTON — Turkey has a little more than two weeks to decide whether to complete a complex arms deal with the U.S. or risk severe penalties by going through with an agreement to buy a missile system from Russia, according to multiple people familiar with the matter.
Dividend paying stocks like FLIR Systems, Inc. (NASDAQ:FLIR) tend to be popular with investors, and for good reason...
Booz Allen (BAH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Boeing (BA) will provide for the service life modification (SLM) of up to 10 F/A-18E/F Super Hornet jets that will extend the operational service life of the aircraft to 10,000 flight hours.
General Dynamics' (GD) recent contract win related to the submarine industrial base expansion will improve sub-tier vendor stability based on production economies for major components.
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Analyst Noah Poponak upgraded shares of the aerospace-and-defence company to Buy from Neutral. He sees investors coming back to General Dynamics stock as the company ramps up production of its new private jets.
Hewlett Packard's (HPE) second-quarter fiscal 2019 results are likely to benefit from strength in its Intelligent Edge segment, driven by Aruba Services and Aruba Product revenues.
Lockheed Martin's (LMT) Sikorsky will offer programmatic support, logistics support, and peculiar support equipment apart from procuring the CH-53K jets.
Turkish President Tayyip Erdogan said on Saturday that the purchase of S-400 defense systems from Russia was a done deal, adding that Ankara would also jointly produce S-500 defense systems with Moscow. U.S. officials have called Turkey's planned purchase of the S-400 missile defense system "deeply problematic," saying it would risk Ankara’s partnership in the joint strike fighter F-35 program because it would compromise the jets, made by Lockheed Martin Corp.
The U.S. State Department has cleared $314 million in possible sales of air defense missiles to South Korea, the Pentagon said on Friday, as tensions re-emerge on the Korean peninsula. South Korea, a key Asian ally of the United States, asked to buy up to 94 SM-2 missiles used by ships against air threats, along with 12 guidance systems and technical assistance for a total cost of $313.9 million, the U.S. Defense Security Cooperation Agency (DSCA) said on its website. The agency, a unit of the Department of Defense, delivered certification on Thursday notifying Congress of the possible sale.
Sikorsky, a unit of Lockheed Martin Corp, has been awarded a $1.1 billion contract for 12 CH-53K King Stallion helicopters, including logistics and other support, the Pentagon said on Friday. The Lockheed Martin unit said it will build the helicopters at its Connecticut plant and that their deliveries will begin in 2022, according to the contract from the U.S. Navy. It is competing with the twin-rotor CH-47 Chinook helicopter built by Boeing for a German military helicopter tender, which is expected to cost Germany around 4 billion euros ($4.46 billion) in the longer term, a big prize for the winning bidder.