-
Trump-Modi Meeting: India To Amp Up US Weapons Purchases, Will Receive F-35 Stealth Fighters
Thursday, February 13, 2025 - 9:20pm | 393President Donald Trump has announced that the United States will escalate its military sales to India from 2025, which will include the supply of F-35 fighter jets. As detailed by Reuters, Trump declared that the U.S. will augment its weapons sales to the South Asian nation by billions of dollars,...
-
As Elon Musk Takes On Lockheed Martin-Made F-35s: Experts Question Feasibility Of Replacing Manned Fighter Jets With Drones
Tuesday, December 17, 2024 - 7:15am | 588In the wake of Elon Musk‘s recent comments advocating for drone warfare over traditional manned aircraft, experts are now deliberating the practicality of such a transition. The conversation has sparked widespread discussion about the potential operational and industrial consequences of...
-
Trump's DOGE Co-Lead Elon Musk Slams Lockheed Martin's F-35 Fighter Jets, Advocates Drone Warfare As Pentagon Defends $1.8 Trillion Program
Monday, November 25, 2024 - 4:04am | 613Elon Musk, Donald Trump‘s pick to co-lead the Department of Government Efficiency (DOGE), has voiced strong criticism against the F-35 stealth fighter program, advocating for the use of drones over manned jets. What Happened: On Sunday, Musk shared a video on his social media platform X, ...
-
UAE Plans To Reportedly Push Trump On F-35 Deal If He Returns To White House
Friday, September 13, 2024 - 7:09am | 546The United Arab Emirates (UAE) is reportedly set to reignite a multi-billion dollar deal with the U.S. for F-35 warplanes and armed drones if Donald Trump secures a second term as president, according to insiders. What Happened: The UAE has long desired the advanced fighter jet equipped with...
-
How To Play Defense Stocks Under Trump's Administration
Friday, December 23, 2016 - 1:21pm | 341President-elect Donald Trump's tweets are causing a firestorm among defense stocks. First, Trump blasted Boeing Co (NYSE: BA) over the soaring cost of manufacturing the next-generation Air Force One fleet. The president-elect also targeted Lockheed Martin Corporation (NYSE: LMT) on December 12 over...
-
Lockheed Martin Now A Buy Thanks To Trump
Monday, November 14, 2016 - 2:46pm | 341Stifel has upgraded Lockheed Martin Corporation (NYSE: LMT) to Buy from Hold, as it predicts a Trump victory could lead to more defense spending dollars to the company’s F-35 fighter plane. The brokerage expects by 2018, the F-35 should benefit from a mix of initial fixed-price incentive...
-
A 'Messy' Q3 Expected For Lockheed Martin
Friday, October 14, 2016 - 3:31pm | 542Wells Fargo expects a “messy” third quarter from Lockheed Martin Corporation (NYSE: LMT) and expects the company to cut its 2016 profit view. The brokerage expects Lockheed Martin to earn $2.93 a share on revenue of $12.7 billion versus consensus of $2.93/$12.1 billion. Wells Fargo also...
-
Goldman Offers 3 Positives, 3 Negatives On Lockheed
Wednesday, August 24, 2016 - 11:48am | 389Goldman Sachs’ Noah Poponak views the defense sector as attractive and Lockheed Martin Corporation (NYSE: LMT) as “the bellwether and owns one of the Pentagon’s fastest growing programs in the F-35.” Poponak reinitiated coverage of the company with a Neutral rating and a...
-
Lockheed Martin Could Move Work On F-35 Fighter Jet Away From Canada
Friday, June 10, 2016 - 2:57pm | 334Lockheed Martin Corporation (NYSE: LMT) is reportedly considering whether to move work on its multi-billion-dollar F-35 fighter jet away from Canada, as uncertainty regarding the country’s purchase of said jet lingers. Canadian media recently said the government was thinking about placing an...
-
Will Lockheed Martin Benefit From Japan's New Defense Budget?
Monday, August 31, 2015 - 3:31pm | 599On Monday, the government of Japan accepted budget requests from its various ministries. Of particular interest, the Defense Ministry submitted a 5.1 trillion yen ($42 billion) budget request for the year beginning next April – a 2.2 percent increase from last year's budget request. Japan...
-
The Boeing Company Faces a Future Without Its Fighter Jets--So What?
Tuesday, September 30, 2014 - 10:28am | 550Defense budget priorities may be nudging The Boeing Company (NYSE: BA) out of the jet fighter business. Will the current trend, which favors rivals such as Lockheed Martin Corporation (NYSE: LMT), impact investors of the aerospace giant? Not really. Friendly Skies Lockheed, which derives a...
-
The F-35 Program Continues Its Struggles
Friday, August 22, 2014 - 3:58pm | 500Much has been written about the troubled F-35 Joint Strike Fighter program over the last decade. Cost overruns, schedule slips and reliability issues have plagued the fifth-generation military aircraft being developed by Lockheed Martin (NYSE: LMT). Three versions of the F-35 will be...
-
United Technologies to Sell Rocketdyne
Thursday, July 19, 2012 - 2:00pm | 329Diversified industrial company United Technologies (NYSE: UTX) is set to sell its Rocketdyne unit to Gencorp (NYSE: GY), people familiar with the matter disclosed to Reuters Thursday. The sale is the latest effort from United Technologies to divest non-core assets as it completes its $16.5 billion...