Page 7 - Jay Malave News Today

Defense sales at both Lockheed Martin Corp. and Raytheon Technologies Corp. fell last year compared with 2021, according to quarterly results released Tuesday.

The two largest U.S. defense contractors saw a boost in sales as the Pentagon accelerated weapons orders, the companies said Tuesday.

The decision by the entire slate of Democratic Socialists of America (DSA) members of congress to rescind a letter to Joe Biden calling for peace talks with Russia to end the war in Ukraine under pressure from the military-intelligence apparatus is a decision that increases the likelihood of direct conflict between the US and Russia and raises the risk of nuclear war.

It’s the company’s latest move to provide militarized commercial tech to the Pentagon.

Lockheed Martin has reported increase in the net sales to $16.6bn during the third quarter (Q3) of 2022 when compared to $16.0bn in Q3 2021.

U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly revenue on Tuesday, helped by higher sales in its aeronautics unit, which makes the F-35 fighter jet, as the company

Lockheed Martin Corporation (NYSE:NYSE:LMT) Q3 2022 Results Conference Call October 18, 2022 11:00 AM ET Company Participants Greg Gardner - VP, IR Jim Taiclet - Chairman, President and CEO...

LMT earnings call for the period ending September 30, 2022.

The world's largest defense company is further ramping up its "21st Century Security" tech scouting and investment efforts.

An economic slowdown might be the only way to fill job vacancies, says Raytheon CEO.