Lockheed Martin Corp (LMT) was awarded not-to-exceed $228.68M cost-plus-award-fee and cost-plus-fixed fee undefinitized modification (P00074) to a previously awarded…
Lockheed Martin (LMT) Aeronautics is awarded a $265.59M modification (P00023) cost-plus-fixed-fee, firm-fixed-price order (N0001920F0571) against a previously issued basic…
Lockheed Martin Space of Littleton (LMT) is awarded a $350.4M cost-plus-incentive-fee and cost-plus-fixed-fee un-priced letter contract modification (PH0008) to a previously awarded…
Lockheed Martin (NYSE:LMT) declares $0.30/share quarterly dividend, 7.1% increase from prior dividend of $0.28.Forward yield 0.31%Payable Dec. 30; for shareholders of record Dec.
The Big Picture In recent demonstrations, Lockheed Martin and Verizon flew 5G-enabled drones to capture and securely transfer high-speed, real-time intelligence, surveillance and reconnaissance (ISR) data from aircraft in flight to geolocate military targets.� The companies demonstrated two key advances in technology that can provide critical applications for the Department of Defense (DOD): - - - • First, real-time ISR radio frequency (RF) and streaming video data was transmitted ove… Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=294913
Major players in the airport security market are American Science and Engineering, Bosch, C. E. I. A SpA, Hitachi, L-3 Communications, Lockheed Martin, OSI Systems, Safran Morpho, Siemens AG, Smiths Detection, Auto Clear LLC, Analogic Corp, Bruker Corp, Nuctech Company Ltd. Major players in the airport security market are American Science and Engineering, Bosch, C. E. I. A SpA, Hitachi, L-3 Communications, Lockheed Martin, OSI Systems, Safran Morpho, Siemens AG, Smiths Detection, Auto Clear LLC, Analogic Corp, Bruker Corp, Nuctech Company Ltd.
Major players in the critical infrastructure protection market are BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc, Airbus SE, Raytheon Company, Thales Group, Hexagon AB, Johnson Controls International, Teltronic, General Dynamics Corporation, Optasense, Waterfall Security Solutions, Rolta, and SCADAfence. Major players in the critical infrastructure protection market are BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc, Airbus SE, Raytheon Company, Thales Group, Hexagon AB, Johnson Controls International, Teltronic, General Dynamics Corporation, Optasense, Waterfall Security Solutions, Rolta, and SCADAfence.
On September 29, 1990, the YF-22 demonstration aircraft took off for the first time. The YF-22 would become the F-22, a dominant air-superiority stealth fighter for nearly 30 years. Now the F-22''s future is in doubt, with Congress and the US Air Force at odds about its retirement. On September 29, 1990, a unique aircraft took off for the first time in Palmdale, California. During its 18-minute flight, it reached a speed of about 290 mph and a height of 12,500 feet before landing at Edwards Air Force Base. The aircraft was the YF-22, the test demonstrator for what would become the F-22 Raptor stealth fighter. It was the second model of the US Air Force''s Advanced Tactical Fighter program to take to the skies, with the test itself the culmination of a nearly 50-month demonstration and validation phase. Thirty-two years later, the F-22 has proven itself as an air-superiority fighter and inspired and informed the development of other fifth-generation fighter aircraft. Despite its accomplishments and reputation, Congress and the US Air Force are at odds over the future of one of the deadliest aircraft ever to take to the skies. ''First look, first shot, first kill'' A Soviet MiG-29 at an air show in Farnborough, England in September 1990.
Lockheed Martin (LMT) was awarded a $272.98M modification (P00060) to contract W31P4Q-20-C-0023 for services, hardware, facilities, equipment, and all technical, planning,…
Lockheed Martin (LMT) is awarded a not-to-exceed ~$152.33M fixed-price-incentive-firm-target, cost-plus-fixed-fee undefinitized ID/IQ contract
Lockheed Martin Corporation found using ticker (LMT) now have 19 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 539 and 374 with the average target price sitting at 459.79. Now with the previous closing price of 399.74 this indicates there is a potential upside of 15.0%. The 50 day moving average now sits at 420.26 and the 200 day MA is 415.83. The market cap for the company is $106,061m. Find out more information at: https://www.lockheedmartin.com [stock_market_widget type="chart" template="basic" color="green" assets="LMT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $121,994m based on the market concensus. Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Lockheed Martin (LMT) -1.8% and L3Harris (LHX) -2% declined on Wednesday after analysts at Wells Fargo downgraded the defense contractors.Lockheed was cut to Underweight from…
Analyst Matthew Akers downgraded the stock from equal to underweight.
“There are going to be a number of challenges to overcome the closer and closer we get that we should not overlook,” Dan Rice, vice president of 5G.MIL programs at Lockheed Martin, said of future tests.
Futures Rebound From 2022 Low After Bank Of England Panics, Restarts Unlimited QE With everything biw breaking, including an explosive move in bond yields in the UK, 10Y yields rising above 4.00%, and Apple "suddenly" realizing there was not enough demand for the latest iteration of its iPhone 5, it was only a matter of time before some central bank somewhere capitulated and pivoted back to QE, and this morning that''s precisely what happened when the BOE delayed the launch of QT and restarted QE " on whatever scale is necessary" on a "temporary and targeted" ( lol ) basis to restore order, which sent UK bond surging (and yields tumbling the most on record going back to 1996 erasing an earlier jump to the the highest since 1998)… ... the pound first surged before falling back as traders realized the UK now has both rate hikes and QE at the same time, the dollar sliding then spiking, the 10Y US TSY yield dipping from 4.00%, the highest level since 1998, and stock futures spiking from fresh 2022 lows, but then fizzling as traders now demand a similar end to QT/restart of QE from the Fed or else they will similarly break the market.
There are several large-cap stocks with dividend growth potential even as broad market conditions remain challenging. In general, large-cap stocks are ignored by investors in a bull market. However, funds flow into large-cap stocks once market sentiment turns bearish. The reason is that large-cap companies have earnings and cash flow stability. With the market correction, several large-cap stocks are also trading at an attractive valuation. Besides sustained dividend growth, I would expect healthy capital gains from these large-cap stocks. My focus is primarily on large-cap companies that are relatively immune to economic shocks. The cash flows, therefore, remain robust and provide headroom for dividend growth. There are cyclical businesses with an investment-grade balance sheet that continue to increase shareholder returns even during challenging times. Let’s talk about seven large-cap stocks with dividend growth potential. CVX Chevron $143.20 AZN Astra Zeneca $53.86 MO Altria $41.69 AAPL Apple $153.53 COST Costco $484.36 LMT Lockheed Martin $408.65 T AT&T $16.01 Chevron Corporation (CVX) Source: Jeff Whyte / Shutterstock.com From highs of $182, Chevron (NYSE: CVX ) stock has corrected by 22% as oil declines on macroeconomic concerns.
Lockheed Martin Aeronautics (LMT) was awarded an $115.35M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for diminishing manufacturing sources parts for F-35…
Someone with a lot of money to spend has taken a bearish stance on Lockheed Martin (NYSE: LMT ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with LMT, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 13 uncommon options trades for Lockheed Martin. This isn''t normal. The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish. Out of all of the special options we uncovered, 11 are puts, for a total amount … Full story available on Benzinga.com
Pune, India, Sept. 26, 2022 (GLOBE NEWSWIRE) -- The global rocket and missile market size was valued at USD 59.21 billion in 2021. The market is expected to grow from USD 61.96 billion in 2022 to USD 84.77 billion by 2029, exhibiting a CAGR of 4.58% during the forecast period. Rapidly changing military technology and increasing adoption of 3D printed missile components are expected to foster the industry''s growth. Fortune Business Insights ™ provides this information in its report titled " Rocket and Missile Market, 2022-2029. " Russia-Ukraine War Impact Changing Procurement Priorities to Reshape the Defense Sector Positively The Russia-Ukraine war is expected to affect several sectors due to changing procurement priorities. Further, the deployment of novel Russian electronic warfare equipment in Ukraine in 2014 and later in Syria is expected to enhance the demand for rockets and missiles. Furthermore, the expansion of UCAV fleets in the region elevated the industry''s growth. Segments Missile Segment to Grow Exponentially Backed by Rising Self -propelled Guided Missiles By type, the market is segmented into missile and rocket.
Companies Covered in Rocket and Missile Market are Denel Dynamics (South Africa), General Dynamics Corporation (U.S.), ROKETSAN A.S. (Turkey), KONGSBERG (Norway), Lockheed Martin Corporation (U.S.), MBDA (France), MESKO (Poland), Nammo AS (Norway), Rafael Advanced Defense Systems Ltd. (Israel), Raytheon Technologies Corporation (U.S.), Saab AB (Sweden), Thales Group (France) and Other key companies Companies Covered in Rocket and Missile Market are Denel Dynamics (South Africa), General Dynamics Corporation (U.S.), ROKETSAN A.S. (Turkey), KONGSBERG (Norway), Lockheed Martin Corporation (U.S.), MBDA (France), MESKO (Poland), Nammo AS (Norway), Rafael Advanced Defense Systems Ltd. (Israel), Raytheon Technologies Corporation (U.S.), Saab AB (Sweden), Thales Group (France) and Other key companies
Raytheon Wins Billion Dollar Contract To Develop Hypersonic Attack Cruise Missiles The Pentagon awarded Raytheon Technologies a $985 million contract to design, develop and produce a new hypersonic weapon for the US Air Force . Raytheon won the contract to develop and demonstrate scramjet-powered hypersonic cruise missiles. It moves the Hypersonic Attack Cruise Missile, or HACM program, out of the prototyping phase and into becoming an operational weapon. It takes the number of companies aiming to build the new weapon from three to one. Raytheon was awarded the "task order" for the Hypersonic Attack Cruise Missile that calls for weapon system design, development and initial delivery expected to be completed by March 2027. The HACM, which has been co-developed with the Pentagon''s Defense Advanced Research Projects Agency, will use air- breathing propulsion to reach five times the speed of sound. - Bloomberg HCAM will become USAF''s second hypersonic missile after Lockheed''s AGM-183A Air-launched Rapid Response Weapon, or ARRW, a hypersonic weapon launched from a B-52 bomber then glides to its target at super-fast speeds in an unpredictable path. "HACM will provide our commanders with tactical flexibility to employ fighters to hold high-value, time-sensitive targets at risk while maintaining bombers for other strategic targets," Air Force Chief of Staff Gen.
Major players in the broadcast communication equipment market are Ericsson AB, Harris Corporation, Motorola Solutions, Lockheed Martin Corporation, The Boeing Company, Raytheon Company, L-3 Communications Corporation, ITT Corporation, Datapath Inc, and AT&T Corporation. Major players in the broadcast communication equipment market are Ericsson AB, Harris Corporation, Motorola Solutions, Lockheed Martin Corporation, The Boeing Company, Raytheon Company, L-3 Communications Corporation, ITT Corporation, Datapath Inc, and AT&T Corporation.
Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high… ... 10Y yields exploding higher, surging more than 10bps so far today... ... in what appears to be the latest bond market flash smash which has pushed 10Y yields to the highest level since 2010... ... and S&P futures plunging over 1.4%, and the S&P set to open at a fresh 2022 low... ... with futures set to drop nearly 5% (or more) for a 2nd consecutive week, and down 5 of the past 6 weeks! Besides the soaring dollar, two other drivers contributed to today''s widespread market panic: first, the shocking UK mini budget saw the country''s new administration slash tax rates by the most since 1970s at a time when the country is about to enter recession and is battling with runaway inflation which crashed UK bonds and sent the pound tumbling to a 37 year low as markets priced in a more aggressive pace of tightening to offset the government’s growth plan, second, traders also freaked out over a Goldman research report which slashed the bank''s S&P price-target to just 3,600 from 4,300, making the bank one of the biggest bears on Wall Street.
Major players in the missile defense system market are BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace and Israel Aerospace Industries. Major players in the missile defense system market are BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace and Israel Aerospace Industries.
Lockheed Martin Corporation (NYSE:LMT) has a beta value of 0.66 and has seen 0.75 million shares traded in the recent trading session. The company, currently valued at $111.33B, closed the recent trade at $430.27 per share which meant it gained $9.69 on the day or 2.30% during that session. The LMT stock price is -11.56% … Lockheed Martin Corporation (LMT) Shares Are Up 24.26% So Far This Year Read More »
Defense giant Lockheed Martin (NYSE:LMT) is up in today''s trading session. Those wondering why might be surprised to find out why. However, those who lived through the 1980s will find the reason oddly familiar - Russia. Reports emerged that Vladimir Putin was poised to mobilize additional troops to get involved in the Ukraine conflict. This was considered a “major escalation” of the war in question. The move not only gave Lockheed Martin a leg up but also offered boosts to other defense stocks as well. While saber-rattling may sound like a bad excuse to buy in, I''m mildly bullish on Lockheed Martin. Granted, it offers limited upside potential.
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a firm-fixed price contract to produce an additional 12 Sikorsky MH-60R Seahawk® �helicopters for the Royal Australian Navy (RAN). Procured via the U.S. Government''s Foreign Military Sales agreement, the new aircraft will add a third ''Romeo'' squadron of unparalleled capability to the RAN''s Fleet Air Arm. Sikorsky is a Lockheed Martin company. “The ''Romeo'' Seahawk helicopter instills confidence in navies worldwide for its high operation… Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=294524
Neurotic Markets Swing Ahead Of Fed Decision, Eyeing Ukraine War Escalation With traders nervously doing nothing ahead of today''s FOMC meeting, where Powell will announce a 75bps rate hike but all attention will be on whether the 2023 median dot (which as we previewed will unleash havoc if it comes above 4.5% which is where market expectations top out for this hiking cycle), today market got an extra jolt of volatility just before the European open when shortly after 2am ET Vladimir Putin delivered his postponed message to announce a "partial mobilization" over the Ukraine war. The news slammed stocks, yields, and the euro while sending oil and commodities sharply higher. And while the initial spike lower has reversed and futures are modestly in the green now, there is zero liquidity right now and the smallest sell program could topples risk assets. As of 7:15am ET, US futures pointed to a recovery from Tuesday’s tumble on anxiety policy makers are hoping to spark a recession in their zeal to subdue price pressures.
Lockheed Martin (NYSE: LMT ) has outperformed the market over the past 10 years by 5.94% on an annualized basis producing an average annual return of 16.36%. Currently, Lockheed Martin has a market capitalization of $110.41 billion. Buying $100 In LMT: If an … Full story available on Benzinga.com
Now that SpaceX is more reliable at launching rockets, Boeing and Lockheed''s ULA may no longer be able to charge premium prices -- or enjoy premium profit margins.
Swiss officials on Monday formally signed a $6B procurement deal to acquire three dozen F-35 fighter jets from the U.S. The planes, manufactured by Lockheed Martin (LMT), are expected to…
Dividend growth investors have had a tough time lately. Even the highest-quality names out there are getting hammered these days, as earnings are likely to be compressed going forward amid raging inflation and a strong dollar. Even the best dividend growth stocks are likely to slow down the growth of their payouts. However, two stocks are likely to remain strong amid excellent earnings growth visibility: Lockheed Martin (NYSE:LMT) and General Dynamics (NYSE:GD). Accordingly, I am bullish on both names. However, to better understand the companies'' dividend growth prospects, let''s examine why their earnings are set to remain robust in the current market environment.
China Sanctions CEOs Of Boeing & Raytheon Over $1.1BN Taiwan Arms Package China has slapped new sanctions on American defense firm CEOs as retaliation for the US State Department approving a massive $1.1 billion sale of arms and military equipment to Taiwan earlier this month. Chinese foreign ministry spokesperson Mao Ning unveiled that the sanctions target Boeing Defense, Space, and Security CEO Ted Colbert and Raytheon Technologies Corp boss Gregory Hayes. Colbert and Hayes are being sanctioned "in order to protect China’s sovereignty and security interests," and on the basis "their involvement in these arms sales," Mao said in a press briefing. Via Reuters "We once again urge the US government and relevant parties to… stop arms sales to Taiwan and military contact with Taiwan , and stop creating new factors that could lead to tensions in the Taiwan Strait," the spokesperson added. 60 anti-ship missiles and 100 air-to-air missiles that are part of the latest approved US weapons sale have Boeing and Raytheon as the principle manufacturers.
16th September 2022 – (Beijing) China’s Ministry of Foreign Affairs announced on Friday (16th) that it would sanction U.S.-related persons involved in arms sales to Taiwan, including U.S. arms dealer Raytheon and Boeing defence executives. in February, according to REUTERS, China has already placed Lockheed Martin Corp (LMT.N) and Raytheon Technologies Corp (RTX.N) under sanctions over arms sales to […] The post China announces sanctions against U.S. related persons involved in arms sales to Taiwan appeared first on Dimsum Daily .
Major players in the remote sensing technology market are Thales Group, DigitalGlobe, Esri, General Dynamics Mission Systems Inc. , Hexagon AB, Lockheed Martin Corporation, Planet Labs Inc. , Northrop Grumman Corporation, Honeywell Technology Solutions Inc. Major players in the remote sensing technology market are Thales Group, DigitalGlobe, Esri, General Dynamics Mission Systems Inc. , Hexagon AB, Lockheed Martin Corporation, Planet Labs Inc. , Northrop Grumman Corporation, Honeywell Technology Solutions Inc.
Major players in the stealth warfare market are Lockheed Martin Corporation, BAE Systems, Northrop Grumman Corporation, Saab AB, Boeing, General Dynamics Corporation, Raytheon Company, Leonardo S. p. A, Thales Group, Chengdu Aircraft Corporation, Israel Aerospace Industries, L3Harris Technologies, Inc. Major players in the stealth warfare market are Lockheed Martin Corporation, BAE Systems, Northrop Grumman Corporation, Saab AB, Boeing, General Dynamics Corporation, Raytheon Company, Leonardo S. p. A, Thales Group, Chengdu Aircraft Corporation, Israel Aerospace Industries, L3Harris Technologies, Inc.
Eubel Brady & Suttman Asset Management Inc. raised its holdings in shares of Lockheed Martin Co. by 9.2% during the first quarter, Holdings Channel reports. The fund owned…
Tech - Global aerospace and security company, Lockheed Martin, has today announced a collaboration between its Science Technology Engineering Leadership and
Raytheon (RTX) and Lockheed Martin Javelin (LMT) JV was awarded a ~$311.17M modification (P00074) to contract W31P4Q-19-C-0076 for full-rate production of Javelins
The process of removing the data cartridge, bringing it to the right place and extracting key information usually takes 30 minutes.
Lockheed Martin and AT&T securely and rapidly transferred UH-60M Black Hawk health and usage data through an AT&T 5G private cellular network and Lockheed Martin’s 5G.MIL multi-site pilot network in a test conducted Aug. 4 at Lockheed Martin’s Sikorsky headquarters in Stratford, Connecticut. The test demonstrated that wireless 5G technologies on the flight line can support accelerated maintenance operations and […] The post Lockheed Martin, AT&T Demonstrate 5G High Speed Transfer of Black Hawk Data to 5G.MIL Pilot Network appeared first on AiThority .
Slava Raytheon: Zelensky To Headline Conference Of US Defense Companies Ukrainian President Volodymyr Zelensky has throughout much of the six-month long Ukraine war been busy rallying support to his side by addressing dozens of Western countries'' parliaments, for which Ukraine has since been rewarded with billions of dollars in foreign defense and humanitarian aid. His foremost theme has been a constant refrain of his military urgently needing more, more and more weapons. He''s even requested advanced fighter jets, months ago asking Congress to "close the skies" (or in essence a No Fly Zone). Now for the first time it seems he''ll go straight to the source, as he''s set to be the keynote speaker, via video link, to a major meeting of American defense contractors later this month. The Hill is confirming that "he headlines the annual Future Force Capabilities Conference and Exhibition hosted by the National Defense Industrial Association (NDIA)" in Austin, Texas on September 21. Getty Images Ukraine''s defense minister Oleksii Reznikov is also scheduled to address the conference.
Vice President Kamala Harris is pushing for the government to boost the aerospace industry. On Friday, she announced that the U.S. is creating a coalition of major space firms to broaden the country''s aerospace sector. According to the report, Amazon.com, Inc (NASDAQ: AMZN ) founder Jeff Bezos'' Blue Origin, Boeing Co (NYSE: BA ), Lockheed Martin Corporation (NYSE: LMT ), and Northrop … Full story available on Benzinga.com
Technology reduced data transfer time for military helicopters by more than 80% Using 5G capabilities, network engineers transfer health and usage data from a Sikorsky UH-60M Black Hawk to Waterton, Colorado, for real-time analysis Lockheed Martin (NYSE: LMT) and AT&T* securely and rapidly transferred UH-60M Black Hawk health and usage data through an AT&T 5G private cellular network and Lockheed Martin''s 5G.MIL® �multi-site pilot network in a test conducted Aug. 4 at Lockheed Martin… Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=294068
Jeff Bezos'' Blue Origin, Boeing, Lockheed Martin, and Northrop Grumman are set to anchor the coalition, the White House said, per Reuters.
The DOD forbids the use of materials made in China, Iran, North Korea and Russia.
Lockheed Martin Corporation with ticker code (LMT) have now 19 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 539 and 374 and has a mean target at 459.32. With the stocks previous close at 417.78 this would imply there is a potential upside of 9.9%. The 50 day moving average now sits at 420.06 while the 200 day moving average is 409.84. The company has a market capitalisation of $111,401m. Find out more information at: https://www.lockheedmartin.com [stock_market_widget type="chart" template="basic" color="green" assets="LMT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $122,478m based on the market concensus. Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Pentagon Halts F-35 Stealth Jet Deliveries Over Use Of Chinese Alloy The Pentagon suspended the Lockheed Martin F-35 Lightning II deliveries over Chinese rare-earth metals used in magnets for pumps on the stealth fighter jet. Defense Department spokesman Russell Goemaere told Bloomberg in an email that the F-35 program office "temporarily paused the acceptance of new F-35 aircraft to ensure the F-35 program''s compliance" with DoD rules sourcing "specialty metals." Goemaere said the Chinese alloy won''t disrupt operations with F-35s in deployment with US military and global partners because "the magnet does not transmit information or harm the integrity of the aircraft and there are no performance, quality, safety or security risks associated with this issue." The defense official said the F-35 program office "found an alternative source for the alloy that will be used in future turbomachines." "We are working with our partners and DoD to ensure contractual compliance within the supply chain … and are working with the DoD to resolve the issue as quickly as possible to resume deliveries," Lockheed told Bloomberg.
The Pentagon says it''s temporarily stopping deliveries of Lockheed Martin Corp''s F-35 aircraft after learning from the manufacturer an alloy made in China was in a component of the stealth fighter jet, violating federal defense acquisition rules.
The Lockheed L ‐ 10A Electra arrives to permanent home for the public to enjoy Editor''s Note: A video celebrating CF-TCC''s arrival at the Royal Aviation Museum of Western Canada can be found here . MONTREAL , Sept. 7, 2022 /CNW Telbec/ - In celebration of its 85th anniversary, Air Canada today donated its historic aircraft, an original Lockheed L-10A Electra airplane to Winnipeg''s Royal Aviation Museum of Western Canada . The iconic aircraft, the first fleet type flown by the carrier, made its final journey as it taxied from the Air Canada hangar at Winnipeg International Airport to the Museum at a handover ceremony. The airplane will go on permanent public display as an iconic piece of aviation history. The aircraft, with registration CF-TCC, was one of three purchased by Air Canada''s forerunner, Trans-Canada Air Lines (TCA), in 1937. It was until recently one of only two Lockheed L10-A Electra aircraft still flying in the world. Named after a bright star in the Pleiades star cluster, the 10A Electra was the pride of the Lockheed Aircraft Corporation.