Elon Musk's SpaceX Drops Lawsuit Against Air ForceA spacecraft company run by billionaire Elon Musk has dropped a lawsuit alleging the U.S. Air Force improperly awarded a contract to launch military satellites to a joint venture between Boeing and Lockheed Martin.
Lockheed Martin Claims Breakthrough In Nuclear Fusion TechnologyThe defense contractor promises nuclear fusion generators would be much smaller, about the size of a semi-truck.
Defense Department Awards Lockheed Martin $914M Space Fence ContractThe Space Fence is the U.S. Air Force’s next generation space surveillance system currently being developed by Lockheed Martin.
Lockheed Martin Halts Boy Scouts Donations Over Gay BanDefense and aerospace giant Lockheed Martin, based in Bethesda, is halting its donations to the Boy Scouts of America over the organization's ban on gays serving as adult leaders.
Defense Contractor Lockheed Martin Cutting 4,000 Jobs, Closing PlantsLockheed Martin is cutting 4,000 jobs, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending.
Lockheed Martin Furloughing 2,400 Workers Due to ShutdownLockheed Martin said Monday that it is furloughing about 2,400 workers due to the government shutdown — 20 percent less than the defense contractor had initially planned.
Lockheed Martin Ousts Future CEO Over Relationship With SubordinateLockheed Martin Corp. has ousted its president and future CEO over a relationship with a subordinate.
Lockheed Martin Unveils Plans For 'Precision Strike System' DroneOne of the largest U.S. government defense contractors unveiled its latest “killer” drone plans for the Navy.