(WASHINGTON)A unit of Lockheed Martin Corp., the nation's largest defense contractor, received an additional $173 million contract from the Navy for the next phase of the VH-71 presidential he...READ MORE

(RALEIGH, N.C.)Amid a federal probe into whether Blackwater Worldwide smuggled weapons into Iraq, the private security contractor said Thursday it has established a panel of defense experts and f...READ MORE

(ORLANDO, Fla.)Military contractor Lockheed Martin Corp. said Tuesday it received a $30 million U.S. Army contract to upgrade the military's M299 launchers for Hellfire missiles.READ MORE

(WASHINGTON)The Army's vision of the future includes computerized battles fought with a range of tools, from sensor-packed unmanned aircraft the size of a trash can to giant cannons capable of...READ MORE

(NEW YORK)Defense stocks sank Monday along with the broader market as investors' fears grew that the ongoing credit crisis will dampen economies globally. The broader market plunged, with th...READ MORE

(WASHINGTON)The Bush administration announced plans Friday to sell up to $6.5 billion in arms to Taiwan, a decision sure to anger Taiwan's rival China and one that could complicate stalled Nor...READ MORE

(WASHINGTON)The Army said Thursday that it has awarded a $18.7 million contract to Lockheed Martin Corp. for missile development work. The contract, awarded Sept. 11, is for work on the Joint ...READ MORE