Lockheed Martin is a global aerospace, defense, security, and advanced technology company that specializes in designing and manufacturing innovative systems, products, and services for government and commercial customers. The company is primarily known for its development of advanced military aircraft, missile defense systems, and space exploration technologies. Lockheed Martin also plays a key role in various programs related to cybersecurity, autonomy, and advanced manufacturing, focusing on fostering technological advancements that enhance national security and support international defense initiatives. Through its various sectors, the company aims to address complex challenges and provide cutting-edge solutions to enhance safety and security for its clients around the world. Read More
Dr. Sergey Macheret, a leading expert in plasma science and aerospace engineering, has published a new personal blog article titled “Microwave Discharge Plasmas: A Re-Emerging Tool for Aerodynamic Control and Propulsion”. The article explores emerging strategies to enhance aerodynamic control and propulsion efficiency in hypersonic and near-space environments using microwave-generated plasma.
The Senate panel’s measure would take the total defense budget to $991 billion for the year starting October, up from $961 billion in the current year.
Honeywell (NASDAQ: HON) is considering strategic options for its logistics-focused business units, as part of its restructuring to focus on automation. CEO Vimal Kapur says this aligns with their goal of concentrating on industrial, process, and building automation. The review process will not affect the planned spin-offs of other divisions. Jim Masso has been appointed to lead the process automation division. HON shares declined 0.24% premarket. Lockheed Martin leads in capital efficiency in the defense sector, but market response is lackluster.
BlueForge Alliance and Palantir launch Warp Speed for Warships initiative to digitally transform US Navy's shipbuilding process and strengthen national maritime capabilities.
Kratos and Voyager are two mid-cap space and defense stocks with big long-term opportunities. Unmanned jets and space stations are key potential growth drivers.
Boeing (BA) stock is expected to garner retail attention on Tuesday after the company said former Lockheed Martin Chief Financial Officer Jay Malave will become the planemaker’s new CFO, effective Aug. 15.
Jay Malave, Boeing's new CFO, brings a diverse career background, from investigating Equal Employment Opportunity cases to leading financial strategies at major aerospace companies, including Lockheed Martin and L3Harris Technologies.
Shares of aerospace and defense company Kratos (NASDAQ:KTOS)
fell 5.9% in the morning session after the company announced the pricing of a public stock offering expected to raise approximately $484 million. The defense technology company priced about 13 million shares at $38.50 each, a discount to its previous closing price.
