27 Dec 2018

Lockheed hits production target with 91st F-35 of the year

“Lockheed Martin announced the delivery of its 91st F-35 fighter plane this year, a 40 percent production increase over 2017, as the company said the fifth generation aircraft is moving toward full rate production. The deliveries include 54 f-35s for the United States, 21 for international partner nations and 16

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25 Oct 2018

Italy plans to slash half a billion dollars from defense in 2019

“Italy will cut €450 million (U.S. $512.3 million) from its planned defense spending in 2019 by suspending helicopter and missile purchases and canceling an office move by the defense ministry to help shore up social welfare and tax cuts…Italy’s total outlay on defense in 2019 will be announced in parliament

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24 Oct 2018

Lockheed’s $15 Billion Saudi Deal at Risk After Khashoggi Death

“Lockheed Martin Corp.’s potential $15 billion sale to Saudi Arabia of its Thaad air-defense system may be the unfinished deal most vulnerable to growing congressional demands to stop providing arms to the desert kingdom after the killing of critic Jamal Khashoggi. It also underscores that the $110 billion package of

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19 Oct 2018

All Alone Now, the Saudis Will Entice Trump with Big Contracts

“After weeks of siding with the Saudi royals—and sending his secretary of state to grip-and-grin with the king—U.S. President Donald Trump finally bowed to public outrage on Thursday and pulled Treasury Secretary Steven Mnuchin from Crown Prince Mohammed bin Salman’s dwindling ‘Davos in the Desert’ conference next week. They were

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10 Oct 2018

America sold $55.6 billion in weapons abroad in FY18 — a 33 percent jump

The U.S. has confirmed $55.6 billion in foreign military sales for fiscal year 2018, a 33% increase over 2017’s sales of $41.9 billion. The head of the Defense Security Cooperation Agency announced that the U.S. is maintaining this upwards projection. While defense spending year-to-year is volatile, largely depending on massive

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