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MD-based Lockheed Martin lifts 2025 forecasts on robust demand
Bethesda-based U.S. defense contractor Lockheed Martin raised its 2025 forecast for revenue and profit, driven by sustained demand.
$12.5M defense research and manufacturing facility opens in MoCo
AeroVironment officially opened its $12.5 million defense research and manufacturing facility in Germantown.
Lockheed-backed firm top bidder for Korean fighter jets
Bethesda-based Lockheed, the world’s largest defense company, will provide technical support if Korea Aerospace eventually gets the $16.3 billion project.
Raytheon shifts 70 jobs to Maryland
Raytheon has moved 70 positions from Aurora, Colorado, to the company’s Riverdale facility as part of a plan to upgrade its support of the National Aeronautic and Space Administration and […]
F-35 software tests extended to fix flaws
The bugs must be fixed before the first F-35 jets from Bethesda-based Lockheed Martin Corp. can be fully ready for combat.
Defense contractors brace for rules on hacking
Companies that do business with the Defense Department are bracing for new U.S. rules requiring them to report computer breaches to the Pentagon and give the government access to their networks to analyze the attacks.
Lockheed Martin lifting dividend by 15 percent
BETHESDA — Lockheed Martin is increasing its quarterly dividend by 15 percent to $1.15 per share. The aerospace and defense contractor said Thursday that the dividend will be paid on […]
Northrop to lay off 90 in Maryland
Ninety Maryland employees of Northrop Grumman Corp.’s Electronic Systems sector will be laid off, the company announced Tuesday. The cuts are part of a 400 person company-wide reduction. In October, […]
Shares of defense companies fall on spending cuts
Defense contractors Lockheed Martin and Northrup Grumman reported surprisingly strong third-quarter earnings Wednesday. But executives at those companies used the same discouraging word to describe what the future will look […]
Pentagon extends program to defend cyber networks
WASHINGTON — As hackers and hostile nations launch increasingly sophisticated cyber attacks against U.S. defense contractors, the Pentagon is extending a pilot program to help protect its prime suppliers. That […]
Lockheed Martin raises 4Q dividend
BETHESDA — Defense contractor Lockheed Martin said Thursday it will pay a fourth-quarter dividend of $1 per share and repurchase up to $2.5 billion in common stock. The company said […]
State officials mark end of BRAC
ANNAPOLIS — State and military officials are marking the end of a military base realignment process that is bringing thousands of jobs to Maryland. Thursday was the official deadline for […]
