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Lockheed Martin, Thales Australiat o Develop Sovereign Weapons Manufacturing Capabilities In Australia
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Lockheed Martin, Thales Australia to Develop LRASM-Surface Launch Variant Our Bureau 638
Long Range Anti-Ship Missile (LRASM)
Lockheed Martin and Thales Australia today signed an agreement to develop booster and rocket motor technology for the Long Range Anti-Ship Missile (LRASM) – Surface Launch (SL) variant.
The companies said they finalized a teaming agreement advancing the delivery of an Australian guided weapons manufacturing capability in support of a sovereign national guided weapons enterprise.
“Through the signing of this agreement with Lockheed Martin, we look forward to expanding our existing booster and rocket motor production lines to design, develop and manufacture LRASM SL,” Chris Jenkins, Chief Executive Officer at Thales Australia said.
Lockheed Martin Reports First Quarter 2021 Results
- Net sales of $16.3 billion
- Net earnings of $1.8 billion, or $6.56 per share
- Generated cash from operations of $1.7 billion
- Maintained backlog of approximately $147 billion
- Increases 2021 financial outlook
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BETHESDA, Md., April 20, 2021 /PRNewswire/ Lockheed Martin Corporation [NYSE: LMT] today reported first quarter 2021 net sales of $16.3 billion, compared to $15.7 billion in the first quarter of 2020. Net earnings in the first quarter of 2021 were $1.8 billion, or $6.56 per share, compared to $1.7 billion, or $6.08 per share, in the first quarter of 2020. Cash from operations in the first quarter of 2021 was $1.7 billion, compared to $2.3 billion in the first quarter of 2020.
U.S. and Its Allies Must Focus on Access Denial Against China’s Military
Beijing may be deterred if it is clear that moving its naval and air force assets to attack Taiwan puts them at risk of humiliating losses.
“If China is going to start a war, they are going to do it on their terms. All of our wonderful stuff won’t get there in time. You need to get your stuff there on Day Zero of the fight,” Adm. James “Sandy” Winnefeld, a former Vice Chairman of the Joint Chiefs of Staff, told me last fall.
China has escalated “gray-zone” attacks against Taiwan in recent months. “Gray-zone” activity advances a state’s objectives outside the realm of accepted diplomacy, but below full military conflict. This can include disinformation campaigns, political or economic coercion, cyberattacks, or using proxies.
Did Joe Biden Stop New Sales of Anti-Ship Missiles for Taiwan?
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