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  • July 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 - Asia - SOUTH KOREA

    S Korea military chiefs endorse development of home-built fighter jet

    Posted Jul 18th 2014, 04:16pm by Reuters in Seoul

    ... Lockheed Martin, two people with direct knowledge of the matter said. The Joint Chiefs said in a statement that they had endorsed a twin-engine fighter jet to be developed for delivery starting in 2025. KAI makes the T-50 family of jets, South Korea’s first home-built light trainer and fighter, which was also co-developed by Lockheed Martin. South Korea is also buying F-35 fighters from ...

  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. 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 ...

  5. 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 ...

  6. News - World - UNITED STATES

    New Goes-R US satellite will warn of tornadoes and solar storms

    Posted May 19th 2014, 08:51pm by Reuters

    ... Reuters in Littleton, Colorado Lockheed Martin has begun final assembly of a weather satellite that will allow the US government to provide far earlier warnings about tornadoes and solar flares when it is launched in early 2016. Lockheed last week powered on a key part of the satellite for the first time in a special "clean room" at a sprawling facility south of Denver, ...

  7. News - World - SCIENCE

    Quantum computer not as fast as maker D-Wave Systems claims, study shows

    Posted Jun 20th 2014, 11:20pm by WASHPOST

    ... The Washington Post Quantum claims are a qubit much, study says Lockheed Martin bought the first one in 2011. Two years later, Google, Nasa and the non-profit Universities Space Research ... Lockheed Martin's D-Wave system against a conventional PC, posing each a set of problems that gradually increased in difficulty. "When we just looked at the times- the boring question, ...

  8. News - World - DEFENCE

    US missile defence system hits target in test for first time since 2008

    Posted Jun 23rd 2014, 09:08pm by Reuters

    ... Air Force Base, California, hit a target built by Lockheed Martin. The target was launched from the US army's Reagan Test Site on Kwajalein Atoll in the Marshall Islands, according to the Pentagon and Lockheed. Lockheed said the unarmed, 14-metre-long target was configured to closely mirror the capabilities of ground-launched missiles that can travel 3,000 to 5,000 kilometres. All ...

  9. 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 ...

  10. 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 ...




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