Latest news with #21stCenturySecurity
Yahoo
22-03-2025
- Business
- Yahoo
Lockheed Martin says ‘disappointed' in outcome of Air Force contract decision
Lockheed Martin (LMT) issued the following statement after Boeing (BA) was selected to build a new, next-generation U.S. Air Force fighter jet: 'Lockheed Martin continues to work to advance critical technologies to outpace emerging threats and deliver true 21st Century Security solutions to our nation's military forces. We are committed to advancing the state of the art in air dominance to ensure America has the most revolutionary systems to counter the rapidly evolving threat environment. While disappointed with this outcome, we are confident we delivered a competitive solution. We will await further discussions with the U.S. Air Force.' Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on LMT: Questions or Comments about the article? Write to editor@ Boeing awarded contract to replace Lockheed F-22 raptor, Reuters reports Trump awards Boeing contract to replace Lockheed F-22 Raptor, Reuters reports Boeing up 3% after report says company wins U.S. next-gen fighter contract Early notable gainers among liquid option names on March 21st Unusually active option classes on open March 21st Sign in to access your portfolio
Mid East Info
10-02-2025
- Business
- Mid East Info
Lockheed Martin Celebrates 50 Years of Partnership with UAE at IDEX 2025, Showcasing Cutting-Edge Innovation
ABU DHABI, United Arab Emirates, Feb, 2025 – Lockheed Martin (NYSE: LMT) is marking 50 years of partnership with the UAE by spotlighting its vision for 21st Century Security® at the International Defense Exhibition (IDEX), set for Feb. 17–21 at the Abu Dhabi National Exhibition Centre. This milestone highlights five decades of collaboration that began in 1975 with the delivery of the first C-130 Hercules airlifter to the Abu Dhabi Defense Force and has grown into a partnership strengthening regional security and advancing cutting-edge innovation. 'Celebrating 50 years of partnership with the UAE is a proud moment for Lockheed Martin, demonstrating how our long-standing collaboration continues to strengthen regional security, develop local talent, and help our partners navigate evolving challenges with confidence and capability,' said Gen. John Nicholson (U.S. Army, Ret.), chief executive, Lockheed Martin Middle East. 'IDEX provides a world-class platform to showcase our commitment to advanced defense technologies, innovation, and the transformative role of AI in modern security. We look forward to engaging with global and regional leaders at this important event.' Lockheed Martin will showcase a variety of advanced technologies that address security and interoperability challenges across all domains—land, air, sea and space. Exhibits will include next-generation fighter jets, state-of-the-art helicopters, advanced air and missile defense systems, and sophisticated command-and-control platforms. By pairing innovation with its legacy of collaboration, Lockheed Martin continues to demonstrate its commitment to partnering for security and prosperity, providing the tools and expertise that ensure mission success and bolster global stability. The event also features a dedicated showcase of projects developed by UAE interns at Lockheed Martin's Center for Innovation and Security Solutions (CISS) in Masdar City. CISS has trained hundreds of Emirati students in robotics, artificial intelligence, networked systems, and modelling and simulation, nurturing the next generation of aerospace and defense leaders while creating valuable opportunities in the UAE's expanding defense ecosystem. Lockheed Martin is also a gold sponsor of the International Defense Conference (IDC), which will take place Feb. 16, 2025. Tim Cahill, president of Lockheed Martin's Missiles and Fire Control, will participate in a panel discussion titled 'Global Disruptions and Defense Preparedness: Mitigating Threats to Critical Supply Chains,' reflecting the company's strategic role in delivering essential defense systems around the world. Over the past 50 years, Lockheed Martin's partnership with the UAE has grown from delivering tactical airlifters to fostering sovereign capabilities through industrial collaboration, knowledge sharing and workforce development. As the company marks this milestone, it remains steadfast in its commitment to innovation, empowering future talent, and shaping the future of 21st Century Security, with a focus on artificial intelligence's transformative potential to safeguard future generations. About Lockheed Martin: Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready.
Mid East Info
30-01-2025
- Business
- Mid East Info
Lockheed Martin Honors 56 Interns at Third Annual CISS Graduation Ceremony in Abu Dhabi - Middle East Business News and Information
Cohort in 2024 comprised 37 % women and 55% Emirati nationals. ABU DHABI, United Arab Emirates, Jan, 2025 – Lockheed Martin celebrated the accomplishments of 56 UAE interns at the third annual graduation ceremony for its Center for Innovation and Security Solutions (CISS) internship program. Held on Jan. 30 at the Marriott Hotel Al Forsan in Abu Dhabi, the event also welcomed 15 distinguished alumni from previous cohorts, reaffirming the company's commitment to advancing STEM education and human capital development in the Emirates. Launched in 2017 with just four students, the CISS internship program has evolved into a year-round initiative to meet growing demand. The annual graduation ceremonies, now in their third year, reflect this expansion, honoring students who completed internships during the previous spring, summer, and fall programs. Hosted by Gen. John Nicholson (U.S. Army, Ret.), chief executive of Lockheed Martin Middle East, and CISS Manager Hala Majeed Al Zargani, the event showcased innovative projects from the student cohort, which in 2024 comprised 37 % women and 55% Emirati nationals. The ceremony welcomed dignitaries, business leaders, academics, and members of the diplomatic community. Attendees received an overview of the program and its projects, followed by a certificate presentation. 'Developing human capital is essential to building a knowledge-based economy in the UAE,' said Nicholson. 'Through our STEM-focused internship program, we are equipping the next generation with the skills to drive innovation, sustain economic growth, and contribute meaningfully to the aerospace and defense sectors.' 'Our graduates have demonstrated exceptional ingenuity and technical expertise,' said Al Zargani. 'Their work on real-world projects prepares them to excel in critical industries shaping the future and encourages innovative thinking and problem-solving skills that will be crucial in tackling complex challenges.' The CISS program offers hands-on experience in advanced fields, including artificial intelligence for automating foreign object debris identification, modeling and simulation for defense systems, and space exploration initiatives. Its growth into a year-round program underscores Lockheed Martin's commitment to Emiratization and cultivating a skilled local workforce, with the company set to double its training capacity in the coming years. About Lockheed Martin: Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready.
