Lockheed Martin Corp. raised its profit forecast weeks after a $5.58 billion down payment on the latest contract for its F-35 Lightning II fighter signaled the jet’s revenue potential. Earnings will be $12.30 to $12.60 a share this year, 15 cents ...

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  BLACKSBURG, Va. — Virginia Tech has signed a new agreement with defense industry giant Lockheed Martin that the school says will allow for more research collaboration and recruitment. Virginia Tech President Tim Sands said in a statement that the ...

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PORTLAND, Maine — The most expensive destroyer ever built for the Navy suffered an engineering problem in the Panama Canal and had to be towed to port. U.S. Third Fleet spokesman Cmdr. Ryan Perry said a vice admiral directed the ...

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Donald Trump’s doubts about the $379 billion F-35 jet, the Pentagon’s largest weapons program, could cast a pall over the defense industry’s early euphoria that a major boost in spending is coming after the next administration takes office. The stealthy ...

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PORTLAND, Maine — The new guns on the Navy’s biggest and most advanced destroyer are going to be firing blanks if the Navy can’t find cost-effective projectiles. The GPS-guided, rocket-powered projectiles developed for the new 155mm Advanced Gun System currently ...

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Defense contractors and investors are celebrating Donald Trump’s plan to boost weapons spending, but Pentagon budgeting experts say he’s counting on savings that won’t come true — the old Washington saw of rooting out waste, fraud and abuse. “It’s a ...

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Lockheed Martin Corp. was awarded a $6.1 billion Pentagon contract for 57 of its F-35 fighter planes, but the world’s largest defense contractor was less than pleased to hear the news. It was “not a mutually agreed-upon” contract, Lockheed spokesman ...

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A team led by Bethesda-based defense firm Lockheed Martin Corp. on Friday delivered America’s seventh littoral combat ship to the U.S. Navy. The littoral combat ship is named because of its intended use in the littoral zone, which is the area ...

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As negotiations drag on over Lockheed Martin Corp.’s biggest U.S. contracts yet to build F-35 jets, one potential impediment hasn’t attracted public attention: a congressional requirement that the Air Force secretary certify the fighter will be in top shape within ...

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Lockheed Martin Corp. reported second-quarter profit that topped analysts’ projections, bolstered by higher deliveries of F-35 Lightning II fighter jets. Earnings were $3.32 a share, Lockheed said in a statement Tuesday. The results exceeded the $2.93 average of 16 estimates ...

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