Washington, May 19 (IANS) The United States has approved two possible Foreign Military Sales to India worth a combined $428.2 million, covering follow-on support for AH-64E Apache helicopters and sustainment support for M777A2 ultra-light howitzers, the State Department said.The proposed deals were announced by the Bureau of Political-Military Affairs in separate congressional notifications issued on May 18.The larger of the two involves long-term sustainment support for M777A2 Ultra-Light Howit…
Latest Lockheed Martin News & Updates
Jerusalem, May 3 (IANS) Israel’s Ministry of Defence (IMOD) plan to simultaneously acquire two new fighter squadrons: a fourth F-35 squadron from Lockheed Martin, and a second F-15IA squadron from Boeing, was approved by the Ministerial Committee on Procurement, the Ministry said on Sunday.The procurement was bought before the committee by Defence Minister Israel Katz and IMOD Director General Major General (Reserve) Amir Baram.The press statement by the Ministry said that the procurement is val…
Washington, April 1 (IANS) The US Department of War has struck a seven-year agreement with Boeing and Lockheed Martin to more than triple production capacity of a critical component used in Patriot missile systems, aiming to strengthen supply chains and accelerate delivery of air defence capabilities. The agreement focuses on ramping up production of “seekers” for the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE), a key element that enables precision targetting.Offi…
New York, March 31 (IANS) A broker for US Defence Secretary Pete Hegseth explored a multimillion-dollar investment in defence stocks just weeks before a US-Israel strike on Iran.The broker at Morgan Stanley approached BlackRock in February about allocating funds into a defence-focused ETF tied to contractors like Lockheed Martin and Northrop Grumman. Such companies typically benefit from rising military spending amid geopolitical tensions and military activity, Xinhua news agency reported quotin…
Bogota, March 24 (IANS) The death toll from a Colombian military aircraft crash in southern Colombia’s Putumayo region has risen to 66, with 57 others injured, local media reported, citing military sources.There were 114 passengers and 11 crew members on board the C-130 Hercules transport plane, Carlos Silva, commander of the Colombian Aerospace Force (FAC), said in a video posted by the FAC on X, adding that an investigative team has been sent to determine the causes of the crash, Xinhua news a…
Bogota, March 24 (IANS) At least eight people were killed and 83 others injured after a Colombian military aircraft crashed in southern Colombia’s Putumayo region, with 14 of the wounded in critical condition, said Putumayo Governor Jhon Gabriel Molina.There were 114 passengers and 11 crew members on board the C-130 Hercules transport plane, Carlos Silva, commander of the Colombian Aerospace Force (FAC), said in a video posted by the FAC on X, adding that an investigative team has been sent to d…
New Delhi, March 3 (IANS) US stock markets are set to open sharply lower on Tuesday, as rising tensions in the Middle East continue to shake investor confidence and push oil prices higher.Futures linked to the S&P 500 and the Dow Jones Industrial Average were down nearly 2 per cent in pre-market trade, while futures of the Nasdaq Composite fell around 2.5 per cent — indicating a weak start for Wall Street.The decline comes as tensions between the United States, Israel and Iran intensify.Con…
Washington, Jan 30 (IANS) India’s new Maintenance, Repair and Overhaul (MRO) facility for military transport aircraft in Bengaluru represents a significant milestone in the nation’s defence collaboration with the United States, enhancing industrial integration and strategic alignment, a report said on Friday. The facility, expected to be completed by late 2026, is spearheaded by Indian firm Tata Advanced Systems and US-based Lockheed Martin.According to a report in the military magazine ‘I…
Washington, Dec 30 (IANS) India has approved the lease of two additional General Atomics MQ-9 unmanned aircraft for the Indian Navy, a decision shaped in part by the long-running efforts of US-based aerospace scientist Vivek Lall, whose work over two decades has helped deepen defence trade and industrial cooperation between New Delhi and Washington.The approval was cleared by the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, and is being seen as a significant boos…