Lockheed Martin

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Trump Tweet Shakes Up Defense Industry

He pits Boeing against Lockheed for new jets

(Newser) - He who pays the piper calls the tune, and it looks like the military-industrial complex is going to be dancing to Donald Trump's tune for years to come. Trump shook up the defense industry once again on Thursday when he tweeted about negotiations for fighter jets, pitting Boeing and... More »

Boeing Promises Trump It Will Cut Air Force One Costs

He met with aerospace chiefs at Florida estate

(Newser) - After meeting with the CEOs of Boeing and Lockheed Martin on Wednesday, Donald Trump secured one promise: His successor will fly in a cheaper plane. In what Reuters calls the president-elect's "latest move to use the bully pulpit to pressure companies to help advance his economic agenda,"... More »

Trump's Latest Tweet Target: F-35 Fighter Jet

Shares for Lockheed Martin, suppliers dip after Trump criticizes costs

(Newser) - Last week, Donald Trump criticized "out of control" costs for Boeing's 747 Air Force One jets. On Monday, the president-elect took a new swing at the Pentagon, this time coming down on the cost of the country's fighter jet program, the Wall Street Journal reports. "The... More »

Navy Can't Afford Bullets for New Warship's Guns

They top $800K per round

(Newser) - The USS Zumwalt was designed two decades ago, and three Zumwalt-class destroyers have been in the works for years. So how the US Navy missed the fact that it wouldn't be able to afford the ammunition for the Zumwalt's $22.5 billion, 155-millimeter Advanced Gun Systems, specifically designed... More »

We're Replacing Old Humvees With the JLTV

$6.75B contract goes to Wisconsin-based Oshkosh

(Newser) - The US Army and Marine Corps are in need of trucks that can carry two to four troops at a time and that are tough enough to endure bombs and mines, but not so heavy that they can't be ferried by air—and Oshkosh just won the $6.75... More »

Lockheed Claims Nuclear Fusion Breakthrough

Says first compact reactors could be ready for use in 10 years; some are skeptical

(Newser) - Lockheed Martin announced yesterday that it has made what Reuters calls a "technological breakthrough" in the area of compact nuclear fusion. The upshot is that reactors "small enough to fit on the back of a truck" could be here within 10 years. As Forbes explains, nuclear fusion combines... More »

Computer Crunches Data —in Different Universes?

D-Wave says it's built a quantum machine, but skeptics aren't buying it

(Newser) - For many people, it's simple: Either you believe in D-Wave or you don't. The Canadian company claims to be building "quantum computers," which operate based on quantum mechanics and can theoretically perform 2-to-the-power-of-512 operations at the same time—more calculations than there are atoms in the... More »

Spy Plane Can Fly Anywhere on Earth—in an Hour

But aircraft won't be in service until 2030 at the earliest

(Newser) - Lockheed Martin is working on an unmanned spy plane that can travel at six times the speed of sound—meaning that no matter where it needs to go, it can be there in an hour, LiveScience reports. The SR-72, under development in California, is a follow-up to the SR-71 Blackbird,... More »

China at Heart of Sweeping Cyberspying War on US

Economic espionage is costing America billions

(Newser) - The past five years have seen a mammoth international effort to spy on the computer systems of US businesses and other institutions, an intelligence report finds—and China is by far the biggest threat. The goal: to gather economic information to benefit the spying countries, the Washington Post reports. Targeted... More »

Hackers Hit US Defense Contractors

It's not clear what they got

(Newser) - This can't be good: Hackers breached the security networks of top US defense contractors, reports Reuters . The story has no details on what, if anything, the hackers got, and points out that any highly classified work would likely be out of reach on a closed government network. But it'... More »

Pentagon Investing $1B in Spy Blimps

Two huge contracts are in the works

(Newser) - Between Northrop Grumman and Lockheed Martin, the US military will pay out nearly a billion dollars to get spy blimps in the air over tactical areas. Northrop (with a $517 million contract) is due to produce three seven-story blimps, each the length of a football field and able to stay... More »

Gates' Pentagon Budget Overhaul Hits Heavy Resistance

Congressmen fly to defend pet weapons

(Newser) - Defense Secretary Robert Gates talked tough yesterday in proposing to cut six major weapons systems from the Pentagon budget, and members of Congress wasted no time in talking tough right back, suggesting that the battle to refocus spending could meet major resistance. “This budget represents an opportunity, one of... More »

Obama Faces Costly Choice on $11B Marine One Fleet

Project for more secure fleet has already doubled in cost

(Newser) - President Obama has to decide whether to continue a Pentagon contract that pits wartime security against his principles of government accountability and frugality, the New York Times reports. The 2003 project to replace the decades-old Marine One fleet has nearly doubled in price to $11 billion, pushing the cost of... More »

Pentagon Aims for Target-Seeking Bullet

'Can't miss' sniper round being developed

(Newser) - The Pentagon wants to develop a bullet that can change course in midflight to seek its target, Wired reports. The Defense Advanced Research Project Agency yesterday committed $22 million to producing the superbullet—"an actively controlled .50 caliber projectile that uses information for real time directional flight control"—... More »

US Arms Sales Skyrocket

Some fear sparking 'arms race'

(Newser) - Seeking to arm allies and contain countries like Iran and North Korea, the Bush Administration has significantly stepped up international weapons sales, the New York Times reports. The Defense Department will sell or transfer $32 billion in arms this year, particularly in the Middle East, compared to $12 billion two... More »

Iraq Looks to Buy F-16s From US

Advanced weaponry could speed American pullout

(Newser) - Iraq’s military wants to buy 36 F-16 fighter planes from the US in an effort to cut its dependence on American air power, the Wall Street Journal reports. The multi-billion-dollar purchase could speed the withdrawal of US troops from Iraq, but neighboring nations may worry about the presence of... More »

Pentagon Big Guns Late, Way Over Budget

Overruns hit $295B, says GAO report

(Newser) - Some 95 of the Pentagon's biggest weapons systems are a total of $295 billion over budget and arrive an average of 2 years late, according to the Government Accountability Office. But GAO auditors say the Pentagon is getting sloppier, not better, reports the Washington Post. "It's taking longer and... More »

McCain Sucked Into Boeing Battle

Campaign boss lobbied against Boeing for European Airbus

(Newser) - John McCain is being dragged into the feud between Boeing and the Air Force, reports AP. A firm headed by McCain's campaign finance chairman, Tom Loeffler, was paid $220,000 to lobby on behalf of the Airbus, the successful European rival to Boeing's 767 fuel tanker. McCain had helped block... More »

NASA Sees Minivan for Moon

The shuttle's replacement, due in 2015, will be a utilitarian craft

(Newser) - Engineers are busy at work building America's next spacecraft, the long overdue replacement of the 33-year-old shuttle, and NASA has this advice for those who can't wait to see the finished product: Think minivan, not Ferrari. Fast Company explores the work at Lockheed and finds the Orion to be utilitarian... More »

WWII Plane Found Under Beach

65 years after crash, plane uncovered on Welsh coast

(Newser) - Sixty-five years after its crash landing, a World War II fighter plane has emerged from under the sand on the Welsh coast. The American P-38 "Lightning" fighter, which made an emergency "belly landing" in shallow water after it ran out of fuel, was buried in the sand, with... More »

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