Lockheed Martin, the global aerospace and defence company, has reported strong Q1 2023 results with sales of $15.1bn and a segment operating profit of $1.7bn, representing a 16% growth from Q1 2022.
The company’s earnings have been driven by the growing threat of China in the South China Sea and Indo-Pacific, as well as Russia’s invasion of Ukraine, which is driving the US national defense strategy.
The F-35 program spearheaded the company’s earnings, receiving strong support from services. In February, Canada procured 88 F-35’s, with the delivery of F-35 engines resumed.
Author: Michael
Patriot air-defence systems have arrived in Ukraine (photo of Luftwaffe Patriot published when the air-defence system was deployed close to Zamość on the Polish-Ukrainian border in January). (Bundeswehr/Lars Koch)
Patriot air-defence systems have arrived in Ukraine, the country’s Defence Minister, Oleksii Reznikov, tweeted on 19 April, expecting them to make the Ukrainian sky more secure. He thanked US Secretary of Defense Lloyd Austin and German Defence Minister Boris Pistorius, as well as the American, German, and Dutch people.
DroneShield will deliver the DroneGun Mk4 (pictured) as well as some of its other portable C-UAS solutions to the US DoD and another US government agency under two recently secured contracts. (DroneShield)
DroneShield has secured two contracts, one from the US Department of Defense (DoD) and the other from a US government agency, to provide multiple types of handheld counter-unmanned aircraft system (C-UAS) equipment.
The deliveries under the two contracts, together valued at USD2.
Darin Gaub, AFP
By now most of America has heard about the young, enlisted U.S.
AMN
The Biden administration is “failing” a key goal of its military withdrawal from Afghanistan, a government watchdog has reported as President Joe Biden’s administration deflects blame…
Antonia Colibasanu, Geopolitical Futures
Borderlands have long been an object of scrutiny in the realm of geopolitics, as they represent a point of convergence, interaction and oftentimes…
Francis P.
Scott Gureck, RCD
South Korea’s Defense Acquisition Program Administration has announced the development of KTSSM-II, which will be an enhanced version of KTSSM (pictured above). (ADD)
South Korea’s Defense Acquisition Program Administration (DAPA) has announced the development of an enhanced version of the Korean Tactical Surface-to-Surface Missile (KTSSM) or KTSSM-II.
The project to develop the missile is named the Tactical Ground-Based Guided Weapon-II Project. DAPA allocated KRW1.55 trillion (USD1.17 billion) for the project.
PAC-3 missiles are being tested in operations with Aegis Combat Systems. (Lockheed Martin)
Having proved it can operate the PAC-3 (Patriot Advanced Capability-3) missile with Aegis Ashore, Lockheed Martin is now set to conduct additional flight tests at White Sands in early 2024 using the Aegis Combat System, Joe DePietro, company vice-president and general manager for Naval Combat and Missile Defense Systems, told
Janes
on 4 April during the Navy League Sea-Air-Space 2023 conference held in National Harbor, Maryland.