Mike Stone

U.S. President Joe Biden's nominees for industrial policy and weapons acquisition positions at the Pentagon will see their nomination process stalled, Republican U.S.

The U.S. Navy sees its future fleet comprised of more than 350 manned ships and about 150 unmanned ships hoping technology means lower operating costs as it prepares to counter a growing Chinese fleet, according to a Navy report released Tuesday.

U.S. weapons maker Lockheed Martin Corp lowered its 2022 revenue and earnings per share targets on Tuesday after F-35 fighter jet sales fell amid pandemic-related headwinds and as losses at its venture arm and other one-time charges piled up.

The U.S. Department of Defense agreed with Lockheed Martin Corp to build about 375 F-35 fighter jets over three years, the two parties said on Monday, amid expectations the price of the most common version of the aircraft would increase due to inflation and slower production.

The United States has successfully tested a Raytheon Technologies Corp air-breathing hypersonic weapon capable of speeds faster than five times the speed of sound, making it the third successful test of that class of weapon since 2013, the Pentagon said in a statement on Monday.

The U.S. Department of Defense is nearing an agreement with Lockheed Martin Corp for around 375 F-35 fighter jets over three years, three sources said on Monday, amid expectations of a price increase for the most common version of the jet due to lower quantities and inflation.

The U.S. State Department has approved the potential sale of HIMARS rocket systems to Estonia in a deal valued at up to $500 million, the Pentagon said on Friday.

The U.S. State Department has approved the potential sale of HIMARS rocket systems to Estonia, missiles to Norway and torpedoes to South Korea in separate deals that could be worth more than $1.5 billion in all, the Pentagon said on Friday.

The United States successfully tested two Lockheed Martin Corp hypersonic missiles recently, the Pentagon said on Wednesday, amid growing concerns Russia and China have had more success developing their own hypersonic weapons.

The U.S. Air Force successfully tested a Lockheed Martin Corp hypersonic missile this week, sources familiar with the efforts said on Wednesday, amid growing concerns Russia and China have had more success developing their own hypersonic weapons.

Lockheed Martin Corp won a $2.3 billion contract to build at least 120 H-60M Black Hawks as the U.S.

Raytheon Technologies Co and Northrop Grumman Corp have won U.S. contracts to continue developing missiles to intercept hypersonic weapons, the Pentagon said on Friday.

The U.S. House of Representatives Armed Services Committee on Wednesday backed a proposal to increase spending for the Department of Defense by $37 billion on top of the record $773 billion proposed by President Joe Biden.

The Biden administration's plan to sell four large, armable drones to Ukraine has been paused on the fear its sophisticated surveillance equipment might fall into enemy hands, according to two people familiar with the matter.

The Biden administration plans to sell Ukraine four MQ-1C Gray Eagle drones that can be armed with Hellfire missiles for battlefield use against Russia, three people familiar with the situation said.

The U.S. Army said on Friday it has awarded a contract worth $625 million to Raytheon Technologies Corp for anti-aircraft Stinger missiles in order to replenish stocks sent to Ukraine.

The U.S. Army has awarded a contract worth up to $687 million to Raytheon Technologies Corp for anti-aircraft Stinger missiles in order to replenish stocks sent to Ukraine, sources said on Friday.

The U.S. Army has signed a deal to buy $687 million worth of anti-aircraft Stinger missiles to replenish stocks sent to Ukraine, sources said on Friday.

Copenhagen's pledge of Harpoon anti-ship missiles and a launcher to Ukraine, announced by the United States on Monday, is the first sign since the Russian invasion in February that Kyiv will receive U.S.-made weapons that significantly extend its striking range.

The White House is working to put advanced anti-ship missiles in the hands of Ukrainian fighters to help defeat Russia's naval blockade, officials said, amid concerns more powerful weapons that could sink Russian warships would intensify the conflict.

Shoulder-fired Stinger missiles are in hot demand in Ukraine where they have successfully stopped Russian assaults from the air, but U.S.

President Joe Biden's record peacetime national defense budget request of $813 billion boasts a 4.6% pay raise for troops and the largest research and development budget in history, as Russian aggression in Ukraine spurs demands for more military spending.

European governments have approached the U.S. government and defense contractors with a shopping list of arms including drones, missiles and missile defenses as the Russian invasion of Ukraine drives renewed demand for U.S.

European governments have approached the U.S. government and defense contractors with a shopping list of arms including drones, missiles and missile defenses as the Russian invasion of Ukraine drives renewed demand for U.S.

The Pentagon is turning to a special team to respond to increased demand for new weapons sales and requests to transfer existing weapons among U.S.

Congress held a hearing on Tuesday to examine U.S. arms export policy after years of permissive exports under then-U.S. President Donald Trump.

President Joe Biden is expected to ask Congress for a U.S.

Lockheed Martin's exit from its planned purchase of engine maker Aerojet Rocketdyne has refocused investors on the compounding list of problems at both companies, as pressure grows on Lockheed management to improve lagging performance.

Finland's formal purchase agreement for F-35 fighter jets could be signed as soon as Friday, U.S.-based sources familiar with the plan said on Thursday, bringing the stealthy new planes one step closer to deploying in coming years on Russia's northern flank.