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Lockheed Martin

More on the JFS: Getting the Hook: Are the F-35Cs Fit to Fly?

Reese Schonfeld | Posted 03.07.2012 | Politics
Reese Schonfeld

Whether you believe the F-35 should join the Air Force or that the project should be killed, we can all agree that nobody wants to see pilots killed because they're training on aircraft that aren't fit to fly.

The Devil Is in the Details of the Pentagon's Plan

Robert Greenwald and Derrick Crowe | Posted 03.06.2012 | Politics
Robert Greenwald and Derrick Crowe

Will super-rich war-industry CEOs be able to keep bilking taxpayers out of hundreds of billions of dollars? That's the question everyone should be ask...

The F-35, $400 Billion Boondoggle: A Christmas Present

Reese Schonfeld | Posted 02.27.2012 | Politics
Reese Schonfeld

With Defense budget cuts being criticized by Republicans, and Democrats striving to do as little damage as possible when they make the cuts, the F-35 suggests itself as a program worth considering.

Iraq to Get F-16 Fighters

Dorian de Wind | Posted 02.07.2012 | World
Dorian de Wind

The day may come when Iraq's once proud Phoenix rises again to fly and fight -- hopefully not against those who helped it rise from its ashes.

The F-35, a $400 Billion Boondoggle

Reese Schonfeld | Posted 02.06.2012 | Politics
Reese Schonfeld

With the nation in grave economic distress, why are some Congressmen and Senators refusing to cut defense spending? If we hadn't invested in the F-35, our national debt would be almost 3 percent less than it is now.

World's Largest Weapons Exporters

Howard Steven Friedman | Posted 02.05.2012 | World
Howard Steven Friedman

Not surprisingly, the United States is by far the largest arms exporter, with Russia being the only country with more than half the value of military exports.

The Myth of Military Contracting

Max Stanley | Posted 01.03.2012 | Politics
Max Stanley

The war industry stood back with glee when it released a shoddy study that produced the sought-after deceptive headlines about defense spending, the magic sauce of job creation.

Obama Jobs Bill Ignores Basic Principle of Job Creation: Small Businesses Create All the Jobs

Lloyd Chapman | Posted 12.27.2011 | Business
Lloyd Chapman

The federal government is the largest purchaser of goods and services in the world. Small businesses need those contracts, not the tax cuts proposed in the president's jobs bill.

Meet the 0.01 Percent: War Profiteers

Robert Greenwald | Posted 12.27.2011 | Politics
Robert Greenwald

There's the top 1% of wealthy Americans (bankers, oil tycoons, hedge fund managers) and there's the top 0.01% of wealthy Americans: the military contractor CEOs.

The Only Job a War Industry CEO Cares About: His Own

Robert Greenwald and Derrick Crowe | Posted 12.25.2011 | Politics
Robert Greenwald and Derrick Crowe

CEOs of the biggest military contracting corporations published a report today that has absolutely no use in predicting the actual economic effects of cuts to the military budget.

Could a Simple Bill Save the World Economy?

Lloyd Chapman | Posted 11.24.2011 | Small Business
Lloyd Chapman

If President Obama really wants to create jobs and save the world economy, he will keep his campaign promise and support and sign the Fairness and Transparency in Contracting Act.

On 9/21/11 (UN Day of Peace): How Peaceful Is the World?

Michael Shank, Ph.D. | Posted 11.21.2011 | World
Michael Shank, Ph.D.

That the economics of peace have had such a hard time prevailing in policy conversations is, in part, because the dominant language, lobbies, and learning environments are all geared toward the mechanics of war.

Lockheed Martin's CEO Wants Your Social Security Check

Robert Greenwald and Derrick Crowe | Posted 11.21.2011 | Politics
Robert Greenwald and Derrick Crowe

Military contractors are crying crocodile tears right now about the "fragility" of their industry. But in fact that industry is flush with cash, and will do or say anything to protect the one thing they care about above all else: profit.

The War Industry: Bad Job Creators, Bad Bosses, Bad Stewards of Tax Dollars

Robert Greenwald and Derrick Crowe | Posted 11.13.2011 | Business
Robert Greenwald and Derrick Crowe

As budget cuts come to the fore, military contractors will undoubtedly try to obscure the fact that every $1 billion of military spending costs anywhere between 3,200 and 11,700 jobs or more when compared to other ways of spending the money.

Military Contractors Make Their Move on the Deficit Committee

Robert Greenwald and Derrick Crowe | Posted 11.13.2011 | Politics
Robert Greenwald and Derrick Crowe

The new deficit commission is holding its first substantive meeting on Tuesday, and the military contractors are out in force to protect their profits.

The War Budget Is Burning Down Our Economy

Robert Greenwald and Derrick Crowe | Posted 11.08.2011 | Politics
Robert Greenwald and Derrick Crowe

The simple truth is that, beyond war industry hype, military spending costs us jobs.

Defense and Aerospace Industry Should be Redirected to Renewable Energy Technology

Lloyd Chapman | Posted 10.24.2011 | Green
Lloyd Chapman

If we redirected 25 percent of defense spending to renewable energy, we could spur competition and innovation amongst the top defense contractors for federal renewable energy contracts instead of military contracts.

Pentagon's Scare Campaign Based On Budget Spin, Not Facts

Robert Greenwald and Derrick Crowe | Posted 10.18.2011 | Politics
Robert Greenwald and Derrick Crowe

The Pentagon and their war industry allies are mounting an aggressive, fear-based campaign of hyperbole and spin to scare Congress away from cuts that could affect contractor profits.

How Much Is That F-35 In The Window?

Dorian de Wind | Posted 10.09.2011 | Politics
Dorian de Wind

The F-35 is the "next generation" weapon system for the Navy, Air Force, and Marines -- who plan to buy 2,443 of these aircraft -- and for eight allied nations who are cost-sharing partners in the program and will hopefully buy hundreds of additional aircraft. But what's its cost?

Saki Knafo

The New Space Biz: Companies Seek Cash In The Cosmos | Saki Knafo | Posted 09.21.2011 | Technology

Early Thursday morning, Naveen Jain switched on his iPad and watched the Atlantis space shuttle glide onto the runway of the Kennedy Space Center in C...

Three Private Companies Building Space Shuttle Replacements

Jeff Reeves | Posted 09.20.2011 | Business
Jeff Reeves

As the space shuttle Atlantis returns to earth this week and closes the curtains on two decades of NASA's shuttle program, privatized space flight may provide a similar opportunity for innovation - and investors.

Iraq's On-Again, Off-Again Plans for Buying F-16s May Be On Again

Dorian de Wind | Posted 09.19.2011 | World
Dorian de Wind

A critical component of Iraqi's national defense capabilities will be how well its air defense systems and fighter aircraft can defend and control its airspace and provide air sovereignty in case of an enemy attack.

Lockheed Martin Puts In Place Voluntary Layoff Program

Posted 09.19.2011 | Business

Lockheed Martin Corp (LMT.N), the Pentagon's No. 1 defense supplier by sales, put in place a voluntary layoff program for its corporate headquarters a...

Citigroup Cyber Attack Affected 360,000 Credit Card Accounts

Posted 08.16.2011 | Business

NEW YORK/HONG KONG (Maria Aspan & Kelvin Soh) - Citigroup Inc said a cyber attack in May affected almost twice as many accounts as the bank's figures ...

Lockheed Martin Cyber Attack Highlights Cyber-Blame Snags

Posted 07.31.2011 | Technology

By Jim Wolf and Jim Finkle WASHINGTON | Mon May 30, 2011 6:48pm EDT (Reuters) - Past patterns may point to China, but top investigators say they wil...