Lockheed Martin has reported a robust third quarter for 2025, with sales reaching US$18.6 billion, up from US$17.1 billion a year earlier. Net earnings remained steady at US$1.6 billion, or US$6.95 per share, slightly higher than the US$6.80 per share recorded in the same period of 2024. Cash from operations rose sharply to US$3.7 billion, […]
Lockheed Martin’s US$179 billion backlog powers new phase of growth Read More »
Lockheed Martin has announced a major upgrade to the Republic of Korea Air Force’s (ROKAF) F-16 Block 52 flight simulators. The modernisation reflects the advanced capabilities of the upgraded F-16 Viper (F-16V) aircraft and will provide highly realistic simulated environments to help pilots train as they fly. “Maximum accuracy and realism in ground-based flight training
Lockheed Martin to upgrade South Korea’s F-16 flight simulators Read More »
Sikorsky, a Lockheed Martin company, has secured a new U.S. Army contract worth US$43 million. The contract focuses on modernising the Black Hawk helicopter. Initial efforts will enhance the airframe and develop a digital backbone. This digital system will support rapid integration of unmanned aerial systems (UASs) and other launched effects. The work also includes
Sikorsky awarded contract to modernise Black Hawk helicopters Read More »
Poland’s Ministry of National Defence has finalised an agreement with the United States to carry out a major modernisation of its fleet of 48 F-16 Block 52+ fighter jets, bringing them up to the advanced F-16 Viper (F-16V) configuration. The deal, set out in a letter of offer and acceptance, will see Lockheed Martin act
Poland to upgrade entire F-16 fleet to advanced Viper standard Read More »
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
Lockheed Martin reports lower profits and cash flow in Q2 2025 Read More »
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
Lockheed Martin and the Bulgarian Ministry of Defence have officially celebrated the arrival of Bulgaria’s first F-16 Block 70 fighter jet, marking the start of a new chapter in the nation’s air defence capabilities. The ceremony, held on Sunday, symbolised not only the delivery of a new aircraft but also a strategic advancement in Bulgaria’s
Bulgaria takes delivery of first F-16 Block 70 fighter jet Read More »
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
Bulgaria receives first F-16 Block 70 in Air Force modernisation effort Read More »
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
Lockheed Martin to update F-22 Raptor with infrared defensive sensors Read More »
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
Lockheed Martin launches Astris AI to advance secure AI solutions Read More »
