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Lockheed Martin Shares Sink After Major US Air Force Contract Goes To Boeing: What To Know
Friday, March 21, 2025 - 6:59pm | 632Lockheed Martin Corp. (NYSE:LMT) shares sold off on Friday after it was announced that Boeing Co. (NYSE:BA) was awarded a U.S. Air Force contract to design, build and deliver its next-generation fighter aircraft. The Details: Reuters reported that Boeing won the $20-billion contract...
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US Air Force Boosts Blockchain Adoption With $30M Investment In SIMBA Chain
Wednesday, February 1, 2023 - 3:37pm | 383Blockchain firm SIMBA Chain has received a $30 million investment from the U.S. Air Force under its Strategic Technology Reachback and Analysis program (STRATFI). The investment will fund the development and deployment of blockchain applications in supply chain management, with a focus on...
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Kratos Receives $31.8M Drone Contract Award From US Air Force
Wednesday, June 5, 2019 - 9:34am | 183Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) received $31.8 million for its Unmanned Systems Division (KUSD) from the U.S. Air Force. The Kratos target drone systems are used by the U.S. and allied militaries as high fidelity enemy threat surrogates, simulating performance...
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Small Aviation School In Oklahoma In Line For $1 Billion Deal To Train Iraqi Pilots
Thursday, April 13, 2017 - 2:28pm | 589A private, for-profit aeronautics school in Oklahoma has been named as the principal contractor on a potential $1.06 billion deal to train pilots and aviation mechanics in Iraq. The whopping contract is a huge deal for the cutting-edge Spartan College of Aeronautics and Technology — which...
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Air Force Seeks Contractors To Protect Space-Based Combat System From Hackers
Wednesday, April 12, 2017 - 1:49pm | 409Calling all contractors: The U.S. Air Force is seeking additional cyberspace protection for its combat assets in outer space. Clearance level? Top secret. The contractor inquiry comes in the form of a request for information (RFI) posted on the Pentagon’s procurement solicitation website....
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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...
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Google Glass Can Save Lives
Thursday, April 10, 2014 - 9:59am | 593All things being equal, the more useful a product, the more sales it would generate. Products deemed lifesaving fall into a category all by themselves. Google (NASDAQ: GOOG) Glass might be such a product – at least when it comes to medical and military applications. The Google Glass device...