Business

The Pentagon is withholding $5 million from Lockheed Martin for each new F-35 fighter jet that isn’t loaded with the full upgrade of the latest version of the jet.The company resumed deliveries of the Technology Refresh-3 variant of the…

Lockheed Martin just graduated the first students from its F-16 training center in Romania, but the company is already looking to expand it and double its production of pilots as the U.S. and its allies struggle to meet demand for…

Palantir Technologies has named Mike Gallagher, the former congressman who led the House Select Committee on China, to lead its defense business, the company announced Thursday. The Wisconsin Republican left Congress earlier this year…

The Defense Department and the State Department aren’t doing a good job of communicating about some of the key arms transfers for Ukraine, according to a GAO report out Tuesday. The United States has pledged $6.33 billion in foreign…

Despite “being forced” to lay off dozens of journalists this year, the CBC was able to afford paying $3.3 million to 45 executives, for an average of over $70,000.00 per person. We reached out to a number of CBC execs so they could justify…

CAPE CANAVERAL, FL – The pair of NASA astronauts stranded by mechanical failures on Boeing’s new Starliner spacecraft have been offered $200 in coupons from the company to be used on their next trip into space. Captains Butch Wilmore…

Lockheed Martin and Pentagon officials are back to negotiating a traditional F-35 sustainment contract after the company failed to convince its largest customer to move to a five-year performance-based logistics deal that, company officials…

OTTAWA – It was with a mix of embarrassment and concern that economists announced yesterday that almost the entire North American GDP, long thought to be a mature economy, is actually just 26,000 Slack messages in a trench coat. “Upon…

DAYTON, Ohio—Foreign countries are buying more weapons through the U.S. Air Force than ever before, due in large part to global instability, officials say. “Business has been booming, I understand, for this team, as events happen…

FARNBOROUGH, UK—Several U.S. defense companies are considering joint production inside Ukraine, but questions remain about the safety of doing business in a war zone, the persistence of corruption, and the long-term business case. The…