Kahn Swick & Foti, a law firm led by former Louisiana Attorney General Charles Foti, has launched an investigation into Lockheed Martin. The company disclosed escalating losses on classified defense contracts from 2024 to 2025, despite earlier claims of disciplined bidding and oversight. Meanwhile, Lockheed's board adjusted executive bonuses to avoid impact from these losses and repurchased nearly $5 billion in stock at inflated prices. A securities class action lawsuit is ongoing, and the investigation will examine possible breaches of fiduciary duty and legal violations by Lockheed's executives and directors.
Blue Origin's New Glenn launch pad was destroyed in a hot fire test, sidelining the vehicle for at least a year and leaving SpaceX as the sole launch provider for NASA's Artemis lunar missions and other federal projects. This shift benefits companies...
Lockheed Martin successfully intercepted a Group 3 one-way attack drone using a Joint-Air-to-Ground Missile (JAGM) launched from a GRIZZLY containerized launcher, integrated with Sanctum C-UAS battle management and Fortem R-40 Radars. This rapid inte...
The global weapons and ammunition market, valued at $59.16 billion in 2025, is projected to grow to $162.11 billion by 2035 at a CAGR of 10.92%. Growth is fueled by increased defense spending, military modernization, and geopolitical tensions worldwi...
Lockheed Martin inaugurated an 88,000-square-foot Missile Assembly Building 5 in Courtland, Alabama, to produce the Next Generation Interceptor (NGI) for the Missile Defense Agency. This advanced facility uses digital manufacturing and automation to ...
The global small satellite market, valued at $7.05 billion in 2025, is projected to reach $32.71 billion by 2035, growing at a CAGR of 16.58%. Growth is fueled by massive investments in low Earth orbit (LEO) satellite constellations for broadband int...
