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News in-depthAerospace & Defence
How the Storm Shadow missile maker launched a new model of defence co-operation
...Martin and Raytheon....
April 8, 2024
News updates from January 23: Turkey votes for Sweden’s Nato bid, Netflix adds 13mn new subscribers
Lockheed Martin forecasts sales boost on strong global weapons demand
...US aerospace and defence group Lockheed Martin has forecast a larger than expected increase in annual sales in 2024 thanks to strong global demand for weapons.The company said it expected net sales of between...
January 23, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
News updates from February 14: UK inflation holds steady, Uber debuts $7bn share buyback
Lockheed weapons output on track even with new US aid to Ukraine in doubt
...Lockheed Martin said it is making progress boosting production of weapons that have been in high demand since Russia’s invasion of Ukraine....
February 14, 2024
Live news: Ukraine pressures draft-age men abroad to join war effort
What to watch in North America today
...Other companies: PepsiCo, Freeport McMoran, Halliburton, GE Aerospace, RTX, Lockheed Martin, NextEra Energy, UPS, Philip Morris, Spotify, General Motors and Kimberly-Clark are reporting earnings before the...
April 23, 2024
News updates from October 18: Netflix beats subscriber expectations, China’s economy grows 4.9%
Lockheed ‘optimistic’ about US military aid for Israel, Ukraine, Taiwan
...Lockheed Martin executives are “optimistic” about the US providing additional funding for several geopolitical hotspots as Congress is embroiled in fights over the House speakership and the domestic budget...
October 17, 2023
News updates from October 17: 2-year Treasury yields hit 17-year high, Rolls-Royce to axe more than 2,000 jobs
Lockheed ‘optimistic’ about US military aid for Israel, Ukraine, Taiwan
...Lockheed Martin executives are “optimistic” about the US providing additional funding for several geopolitical hotspots as Congress is embroiled in fights over the House speakership and the domestic budget...
October 17, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Eurozone economy
Eurozone business activity rises to 11-month high
Data expected to reassure ECB officials that eurozone still on track for ‘soft landing’
April 23, 2024
Aerospace & Defence
US political ‘chaos’ shuts Pentagon contractors out of military stocks boom
...Lockheed Martin has lost 10 per cent in the past year and RTX, formerly known as Raytheon, has declined by 9 per cent....
March 4, 2024
Live news updates from July 18: BBC hires Deloitte to review procedures, Morgan Stanley profits fall
Lockheed Martin raises outlook as global weapons demand rises
...US defence contractor Lockheed Martin increased its full-year outlook as demand for weapons such as the F-35 fighter jet accelerates amid the war in Ukraine and heightened tensions over Taiwan....
July 18, 2023
UK foreign policy
UK under growing pressure to halt arms exports to Israel
...“We’re a partner on Lockheed Martin’s global F-35 programme, which includes Israel,” the company added....
April 4, 2024
FT Asset Management
Elon vs Tesla shareholders
...I’m happy to report that Mr Martin makes a mean martini — I guess the clue is in the name....
February 5, 2024
Letter
Letter: Turbulence at Boeing is chance for real reforms
...Moving its headquarters from Seattle to Chicago and Virginia made sense if the defence contracting business were the cash cow and growth engine, as it is with Lockheed Martin Corporation and General Dynamics...
January 15, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...If interchangeable biosimilars were added to the formularies of the big PBMs next year, that would boost competition, Martin predicted....
April 25, 2024
News updates from January 23: Turkey votes for Sweden’s Nato bid, Netflix adds 13mn new subscribers
What to watch in North America today
...Other earnings: Johnson & Johnson, Procter & Gamble, Lockheed Martin, RTX, Halliburton, 3M, Verizon, GE and DR Horton will also report earnings....
January 23, 2024
Eurozone economy
Eurozone downturn eases despite German factory decline, survey finds
S&P Global’s flash eurozone composite purchasing managers’ index rises to 8-month high
February 22, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Nato
US agrees to sell Turkey jets after Ankara approves Sweden’s Nato bid
...Turkey’s F-16 purchases will largely be fulfilled by Lockheed Martin, while Lockheed and Pratt & Whitney will be the main contractors on the Greek F-35 deal....
January 27, 2024
UK defence
Export potential of new equipment key for MoD procurement shake-up, says minister
...Three consortiums, led by Airbus, Leonardo and Lockheed Martin, are in the running. “It’s important to have a sovereign rotary [aircraft] workforce and skills base....
April 7, 2024
Unhedged podcast17 min listen
Wall Street bets on Reddit
...For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X....
March 28, 2024
War in Ukraine
Dassault warns Europe’s defence industry will take decades to build
...Countries including Germany and the Netherlands have recently opted for Lockheed Martin’s US-made F35 jets, in part as they are capable of carrying US nuclear bombs and compatible with Nato weapons-sharing...
March 6, 2024
US tax
US tax agency targets executives’ personal use of corporate jets
...In all, four companies spent more than $1mn on private jet travel for their chief executives in 2022 — Meta, Lockheed Martin, Netflix and Las Vegas Sands — versus two in 2021....
February 21, 2024
LexLockheed Martin Corp
Lockheed Martin: investors are still waiting for the Ukraine sales bump Premium content
...Lockheed Martin, whose Javelin antitank missiles are helping Ukraine fight Russia’s invasion, reported a drop in revenue and net income last year....
April 18, 2023
War in Ukraine
Lockheed ready to train Ukrainian pilots if Nato allies send F-16s to Kyiv
...Lockheed Martin, the largest US defence contractor by sales, is not directly engaged in the government talks....
June 19, 2023
War in Ukraine
G7 ready to impose sanctions on Iran over missile transfers to Russia
...The missiles, built by Lockheed Martin, have a maximum range of 300km, though those in Kyiv’s arsenal are older versions with a 165km range....
March 15, 2024
CRH PLC
CRH buys Texas assets for $2.1bn from Martin Marietta
...The Ireland-based company announced on Tuesday it was buying assets from US rival Martin Marietta for $2.1bn, and upgraded its profit forecast for the second time this year....
November 21, 2023
News updates from October 9: Oil prices rebound, EU to order Illumina to sell cancer unit
Defence stocks rise sharply on threat of further conflict
...Lockheed Martin jumped almost 5 per cent, RTX Corp, formerly Raytheon Technologies, rose 4.5 per cent, Northrop Grumman increased 4.3 per cent and General Dynamics was up 3.2 per cent....
October 9, 2023

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