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Lockheed Martin reports lower profits and cash flow in Q2 2025

Lockheed Martin Corporation has reported second quarter 2025 sales of US$18.2 billion, compared to US$18.1 billion for the same period in 2024. Net earnings for the quarter stood at US$342 million, or US$1.46 per share, which included US$1.6 billion in programme losses and US$169 million in other charges. This is significantly lower than the US$1.6

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Jesus "Jay" Malave

Boeing names Jesus “Jay” Malave new CFO as Brian West transitions to senior advisory role

Boeing has announced the appointment of Jesus “Jay” Malave as its new Executive Vice President and Chief Financial Officer, effective August 15. Malave will take over from Brian West, who will transition to the role of senior advisor to Boeing President and CEO Kelly Ortberg. With an extensive background in aerospace and manufacturing finance, Malave’s

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The first of 16 F-16 Block 70 jets has been handed over to Bulgaria © Lockheed Martin

Bulgaria receives first F-16 Block 70 in Air Force modernisation effort

Lockheed Martin has officially delivered the first F-16 Block 70 fighter jet to Bulgaria, marking a significant milestone in the nation’s ongoing initiative to modernise its Air Force. The handover was celebrated in a formal ceremony last Friday, January 31, in Greenville, South Carolina, where the aircraft is manufactured. The event was attended by Bulgaria’s

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F-22 Raptor © Lockheed Martin

Lockheed Martin to update F-22 Raptor with infrared defensive sensors

Lockheed Martin has been awarded a US$270 million contract by the U.S. Air Force to integrate next-generation infrared defensive sensors on the F-22 Raptor. The system, known as the Infrared Defensive System (IRDS), features TacIRST sensors that enhance both survivability and lethality for the aircraft. This distributed set of embedded sensors is designed to provide

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Lockheed Martin launches Astris AI

Lockheed Martin launches Astris AI to advance secure AI solutions

Lockheed Martin has announced the formation of Astris AI, a subsidiary designed to accelerate the adoption of artificial intelligence (AI) solutions in the U.S. defence sector and high-assurance commercial industries. Astris AI leverages Lockheed Martin’s extensive investments in machine learning operations (MLOps), generative AI platforms, and a world-class AI engineering team to address the growing

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FiberPrinting™ is an industrial winding method that allows for continuous winding of stator mats for ironless & slotless rotary & linear motors

Alva Industries wins US$1.85 million Lockheed Martin contract on advanced UAV technologies

Alva Industries (Alva), a Norwegian manufacturer renowned for its frameless motors and pioneering FiberPrinting™ technology, has secured a US$1.85 contract with Lockheed Martin. This collaboration will focus on developing cutting-edge technologies to enhance the capabilities of small Unmanned Aerial Vehicles (sUAVs) in the aviation and defence sectors. Leveraging Alva’s expertise in electric propulsion and motors,

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Greece has purchased 35 Sikorsky-built UH-60M Black Hawks via the U.S. government

Greece strengthens defence with 35 new Black Hawk helicopters

The U.S. Government has awarded Sikorsky, a Lockheed Martin company, a Foreign Military Sale contract to supply 35 UH-60M Black Hawk helicopters to Greece. This agreement, intended for the Hellenic Army, includes personnel training, specialised training equipment and an initial supply package. These additions will boost Greece’s self-defence capabilities and improve interoperability with NATO allies.

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DEVCOM’s MX Black Hawk aircraft to be equipped with the MATRIX autonomy system

Sikorsky secures US$6 million DARPA award to advance Black Hawk autonomy

Sikorsky, a subsidiary of Lockheed Martin, has been awarded US$6 million by the Defense Advanced Research Projects Agency (DARPA) to integrate its ALIAS/MATRIX™ flight autonomy system into the U.S. Army’s experimental fly-by-wire UH-60M Black Hawk® helicopter. Known as the MX, the upgraded aircraft will enable the U.S. Army Combat Capabilities Development Command (DEVCOM) to test

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