Tag: Lockheed Martin

A Stinger missile launches from the new Maneuver-Short Range Air Defense system.
DEFENCE

Competition to replace the Army Stinger missile is advancing to the flight testing phase

RTX and Lockheed Martin are set to begin flight tests this year as they compete to create a successor to the U.S. Army’s Stinger missile. The Army is seeking a replacement for the Stinger missile that enhances short-range air defense capabilities, focusing on increased speed, resilience against jamming, and improved accuracy against challenging targets such as drones. In September 2023, the Army awarded contracts to … Continue reading Competition to replace the Army Stinger missile is advancing to the flight testing phase

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DEFENCE

The top 100 defence companies worldwide boosted arms sales by 4% in 2023, reports SIPRI

The top 100 defence contractors worldwide experienced a 4.2% increase in arms sales in 2023, reaching $632 billion, driven by ongoing conflicts and regional tensions, according to a prominent think tank’s report released on Monday. The Stockholm International Peace Research Institute (SIPRI) noted that U.S. companies on the list saw a total sales increase of 2.5% compared to the previous year, totaling $317 billion. However, … Continue reading The top 100 defence companies worldwide boosted arms sales by 4% in 2023, reports SIPRI

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DEFENCE

Australia terminated a multi-billion dollar military satellite project with Lockheed Martin

Australia has terminated a multi-billion dollar military satellite initiative with Lockheed Martin, as announced by the Department of Defence on Monday. The military will now redirect its efforts towards developing a multi-orbit system. Last year, Lockheed Martin Australia was selected as the preferred bidder for the Geostationary Earth Orbit (GEO) satellite communications system, which was intended to establish Australia’s first sovereign-controlled satellite communication network across … Continue reading Australia terminated a multi-billion dollar military satellite project with Lockheed Martin

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DEFENCE

Lockheed Martin announces that Egypt will receive its first two Super Hercules aircraft

The Egyptian armed forces are advancing with the acquisition of their first two C-130J-30 Super Hercules tactical airlifters from Lockheed Martin, marking Egypt as the 23rd operator of this aircraft, as announced by the company today. Rod McLean, vice president and general manager of Lockheed Martin’s Air Mobility and Maritime Missions division, stated, “It is an honor to welcome Egypt to the global fleet of … Continue reading Lockheed Martin announces that Egypt will receive its first two Super Hercules aircraft

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