lockheed martin corp.

Lockheed Martin is the first of the big defense companies to report earnings. Sales rose from a year earlier, though the company said it still expects revenues to shrink this year.

China is sanctioning Lockheed Martin and Raytheon Technologies over military sales to Taiwan as Beijing remains engaged in a territorial dispute with the island.

The U.S. government has approved the potential sale of up to $10 billion of High Mobility Artillery Rocket Systems (HIMARS) to Poland, a key NATO ally in Eastern Europe.

Sikorsky is protesting the Army's decision to award its next-generation assault helicopter contract to the Bell V-280 Valor over its SB-1 Defiant X.

The U.S. Army announced that the Bell V-280 Valor tiltrotor won the contract for its long-range assault helicopter program, while the Air Force unveiled its B-21 stealth.

The U.S. military is pushing to secure its supply chain against global adversaries like China, calling on contractors to cut off purchases of China-sourced material.

Shares of Lockheed Martin tumbled this week following a report that the U.S. Defense Department decided to trim the number of F-35 stealth warplanes from its next budget by 35%.

The Civil Aviation Administration of China first grounded the MAX in 2019 after two crashes.

Aerospace and defense company Lockheed Martin acknowledged that thousands of its employees have attended training courses geared toward white men, including a three-day “White Men’s Caucus” in 2020 attended by 13 employees.