AIM-260 Joint Advanced Tactical Missile deal moves forward
Lockheed Martin and the Pentagon agreed on a framework to speed AIM-260 Joint Advanced Tactical Missile production, but funding depends on Congress.
Pentagon probes diversion of F-35 parts in Hong Kong
The Pentagon is investigating how F-35 parts in Hong Kong were diverted from a shipment. Officials are working to recover the equipment and strengthen safeguards.
U.S. approves F-35 sale to Saudi Arabia worth $24.3B
The State Department approved a $24.3 billion F-35 sale to Saudi Arabia, including 48 aircraft and support, pending congressional review and Israel’s edge policy.
L3Harris CEO resignation costs Kubasik $45M, exits with $80M
L3Harris CEO resignation follows a code-of-conduct investigation. Chris Kubasik forfeits $45 million in awards but leaves with stock and options near $80 million.
Rheinmetall ATACMS production ramp will take years, CEO says
Rheinmetall says its ATACMS production with Lockheed Martin will take years to scale as the U.S. works to rebuild missile inventories depleted by the Iran conflict.
Lockheed mineral supplies talks advance amid U.S. push
Lockheed is negotiating U.S. sources for scandium and germanium as the administration presses defense firms to reduce reliance on China, according to people familiar.