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  • April 24, 2014
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  1. Lifestyle - Technology

    New Lockheed Martin jet heralds dawn of the hypersonic age

    Posted Dec 19th 2013, 10:24am by Jamie Carter

    ... technology it was. Lockheed Martin’s new prototype SR-72 jet  – though just a two-seater for now – can theoretically travel from New York to London in  under an hour, reaching speeds of up to Mach ... not that trailblazer  that the SR-72 has to live up to. The SR-72 comes from the same legendary Skunk Works  division of Lockheed Martin that in 1964 developed the SR-71 Blackbird,  a two-seater that remains ...

  2. News - World - SPACE

    SpaceX bids to break Boeing, Lockheed hold on space launches

    Posted Apr 15th 2014, 09:24pm by NYT

    ... sophisticated national security satellites. Space entrepreneur Elon Musk is pitted against the nation's two largest weapons makers, Boeing and Lockheed Martin in a fight for military contracts worth as much as US$70 billion up to 2030. For eight years, the military has paid Boeing and Lockheed, operating jointly as United Launch Alliance, to launch the government's costly spy ...

  3. Business - Companies

    Lockheed sees US$1.1b liability if F-35 deal delayed

    Posted Oct 26th 2012, 11:47am by Washington

    ... Reuters in Washington US weapons maker Lockheed Martin Corp said it faced a potential termination liability of us$1.1 billion on the F-35 fighter program unless it received additional funding for production of a sixth batch of airplanes by year end. Lockheed disclosed the potential exposure in a filing with the US Securities and Exchange Commission a day after company officials ...

  4. Business - Companies

    China’s aerospace giant AVIC taps capital markets for growth

    Posted Nov 13th 2012, 02:24pm

    ... private-sector funds to help speed up the development of its aviation and defence firms to compete with global giants such as Lockheed Martin Corp. China is also looking to build its first ...

  5. News - Asia - DEFENCE

    US Navy’s Littoral combat ships ‘may lack speed and capabilities’, audit says

    Posted Apr 10th 2014, 10:27pm by BLOOM

    ... in two versions by Lockheed Martin and Austal. Hagel's doubts may be bolstered by the new audit, with conclusions that were summarised in its title: "Littoral Combat Ship: Additional ...

  6. News - Asia - AUSTRALIA

    Australia boosts air power with purchase of 58 F-35s fighter jets from US

    Posted Apr 23rd 2014, 01:14pm by Agence France-Presse in Sydney

    ... in 2020. The deal with US aerospace giant Lockheed Martin includes an option to buy a further 18 planes and is additional to the purchase of 14 F-35s Australia already approved in 2009. “The fifth ... Lockheed Martin later this year while Israel, Japan and Singapore have also expressed interest in buying. Australia is one of eight countries, apart from the United States, taking part in the JSF ...

  7. Business - Companies

    EADS, BAE call off world's biggest arms merger

    Posted Oct 10th 2012, 10:45am by Reuters in London

    ... Reuters in London Sources said Germany opposed the US$45b aerospace merger EADS and BAE Systems will not extend their merger talks later on Wednesday, calling an end – for now – to a plan to create the world’s largest defence and aerospace group. With Ger ...

  8. Business - Companies

    BAE, EADS due to say if they seek to merge

    Posted Oct 10th 2012, 10:45am by AFP

    ... Agence France-Presse in Paris Leading European aerospace and defence companies EADS and BAE Systems are to ask Wednesday for a delay from British regulators to a deadline on announcing if they will pursue a tie-up that would create a global giant bigger t ...

  9. Business - Companies - MERGERS AND ACQUISITIONS

    EADS-BAE merger talks enter critical phase

    Posted Oct 08th 2012, 11:21am by AFP

    ... Agence France-Presse in Paris Political wrangling between Germany, France and Britain has entered a critical phase ahead of an imminent deadline for a merger of EADS and BAE to create the world’s top aerospace and arms group. Talks have hit a snag over th ...

  10. News - Asia - JAPAN

    Japan's indigenous stealth fighter to fly this year amid arms race worries

    Posted Apr 16th 2014, 10:47pm by Julian Ryall

    ... committed to purchasing 42 Lockheed Martin F-35 Lightning II fighters, also known as the Raptor, including a number of its vertical takeoff and landing variant, which will permit the aircraft ...




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