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U.S. and Switzerland sign agreement for PAC-3 MSE missiles

WIL BALDWIN November 2, 2023

Bern, Switzerland, Oct. 31, 2023 – United States and Switzerland officials formalized an agreement for Switzerland to purchase Lockheed Martin’s (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support equipment.…

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RTX, Rafael plan new missile production facility in Camden, Arkansas

WIL BALDWIN October 26, 2023

East Camden, Arkansas, October 26, 2023, PRNewswire - Raytheon, an RTX (NYSE: RTX) business, in partnership with Rafael Advanced Defense Systems, will build a manufacturing facility in East Camden, Arkansas to produce the Tamir missile…

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Lockheed Martin wins $765M deal for missile shield over Australia

WIL BALDWIN August 29, 2023

Canberra, Australia, August 29, 2023 – Lockheed Martin (NYSE: LMT) welcomed today’s announcement by the Department of Defense on being selected as the strategic partner to steward AIR6500 Phase 1 (AIR6500-1). AIR6500-1 will provide the…

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Lockheed Martin Next Generation Interceptor Completes All Design Reviews At Accelerated Pace

WIL BALDWIN August 7, 2023

Huntsville, Alabama, August 7, 2023 (PRNewswire) - Lockheed Martin (NYSE: LMT) successfully validated designs for all elements of the nation's Next Generation Interceptor (NGI) with the U.S. Missile Defense Agency (MDA). Through a series of successful and…

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Mitsubishi Heavy Industries Achieves Significant First Quarter Increase in Orders and Profit

WIL BALDWIN August 6, 2023

Tokyo, Japan - Mitsubishi Heavy Industries (OTC: MHVYF) announced that order intake rose 75.1% year over year to 1.6 billion Yen in the quarter ended June 30, 2023. Revenue rose 12.9%, resulting in profit from…

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PHASA-35 completes first successful stratospheric flight

WIL BALDWIN July 15, 2023

Over a 24-hour period, PHASA-35 soared to more than 66,000 feet, reaching the stratosphere, before landing successfully. The trial, completed last month in New Mexico in the USA, allowed engineers to assess the performance of…

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Lockheed Martin to Deliver Sweden World’s Most Advanced Air Defense Missile

WIL BALDWIN May 11, 2021

Lockheed Martin successfully delivered Sweden’s first Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) interceptors in April, providing the country with the world’s most advanced air defense missile that uses Hit-to-Kill technology to defend against…

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Rolls-Royce to Design and Manufacture Propellers for U.S. Navy FFG-62 Frigates

WIL BALDWIN April 27, 2021

Rolls-Royce has reached agreement with Fincantieri Marinette Marine to design and manufacture up to 40 fixed-pitch propellers for the U.S. Navy’s Constellation-class (FFG-62) guided missile frigate program. Fincantieri was awarded the shipbuilding contract from the…

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Lockheed Martin Guided Multiple Launch Rocket System Soars In Flight Test

WIL BALDWIN March 4, 2021

Dallas, Texas March 4, 2021 – Lockheed Martin (NYSE: LMT) successfully tested its next-generation Extended-Range Guided Multiple Launch Rocket System (ER GMLRS) munition in an 80-kilometer flight demonstration at White Sands Missile Range, New Mexico. During the flight test,…

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Boeing, U.S. Navy to Demo Future Ramjet Missile Technology

WIL BALDWIN October 20, 2020

- The demonstrator will help the Navy determine technical requirements for future carrier-based weapons systems Boeing [NYSE: BA] and the U.S. Navy will demonstrate advanced missile technologies that will make carrier air wing strike fighters…