Spokesman: China to sanction US arms suppliers to Taiwan
BEIJING:China will impose sanctions on US companies including Boeing and Lockheed Martin for supplying weapons to rival Taiwan, a foreign ministry spokesman said Monday. Raytheon also will be affected, said the spokesman, Zhao Lijian. He gave no details of what penalties might be imposed or when. China and Taiwan split during a civil war in […]
Lockheed Martin raises full-year outlook after profit beat
NEW DELHI: U.S. weapons maker Lockheed Martin Corporation reported third quarter 2020 net sales of $16.5 billion, compared to $15.2 billion in the third quarter of 2019. Net earnings from continuing operations in the third quarter of 2020 were $1.8 billion, or $6.25 per share, compared to $1.6 billion, or $5.66 per share, in the […]
Lockheed Martin, Tata to hold suppliers’ meet in India to create F-16 jets’ manufacturing ecosystem
WASHINGTON: Lockheed Martin and Tata will jointly host a suppliers’ meet in India to provide unmatched opportunities for Indian companies to establish new business ties with the F-16 fighter jets’ maker and other industry leaders, the American aerospace giant announced on Tuesday. Such a move from Maryland-based Lockheed Martin comes as part of its broader […]