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WARSAW, Poland (AP) — Poland’s president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment, the country's National Security Bureau said Wednesday. The bureau in a post on X, formerly Twitter, said the talks between President Andrzej Duda and Jim Taiclet included “securing the participation of Poland's defense sector" in deliveries and maintenance of U.S. weapons such as jet fighters, Javelin missiles and elements of the High-Mobility Artillery Rocket System (HIMARS). Lockheed Martin makes Javelins, HIMARS and some jet fighters. More than 10,000 U.S. troops are stationed in Poland, on NATO's eastern flank, mostly in the Rzeszow region near the border with Ukraine during Russia's full-scale invasion there. This material may not be published, broadcast, rewritten or redistributed.
Persons: , Lockheed Martin, Andrzej Duda, Jim Taiclet Organizations: National Security Bureau, Javelin, - Mobility, Lockheed, Associated Press Locations: WARSAW, Poland, U.S, Rzeszow, Ukraine, Russia's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLockheed Martin CEO Jim Taiclet goes one-on-one with Jim CramerLockheed Martin Chairman, President and CEO Jim Taiclet joins 'Mad Money' host Jim Cramer to talk U.S. defense spending, combining tech and defense, hiring veterans and more.
Persons: Lockheed Martin, Jim Taiclet, Jim Cramer Lockheed Martin, Jim Cramer Organizations: Lockheed
Lockheed Martin CEO Jim Taiclet told CNBC's Jim Cramer on Tuesday that the U.S. needs to invest in digital technology to prepare for the future. Taiclet added that Lockheed has alliances with companies like Nvidia, Microsoft and Intel to bring digital technology more quickly into the defense sector. The Biden administration is seeking a $105 billion security aid package to support the security needs of allies like Ukraine and Israel. According to Taiclet, Lockheed is capable of doubling its F35 aircrafts with the right investments from government and its suppliers, but it might take a few years. "We want to be on offense and defense and use the latest technology to actually make that happen," he said.
Persons: Lockheed Martin, Jim Taiclet, CNBC's Jim Cramer, Taiclet, Biden Organizations: Lockheed, Nvidia, Microsoft, Intel Locations: Ukraine, Israel
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhatever the defense budget is, we will drive capability, says Lockheed Martin CEOLockheed Martin Chairman, President and CEO Jim Taiclet joins 'Mad Money' host Jim Cramer to talk U.S. defense spending, combining tech and defense, hiring veterans and more.
Persons: Lockheed Martin, Jim Taiclet, Jim Cramer Organizations: Lockheed
What the Israel-Hamas war means for defense stocks
  + stars: | 2023-10-18 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
New York CNN —When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest. Defense stocks typically rise after military conflicts but soon lose those gains. Following Russia’s invasion of Ukraine, the iShares defense ETF surged by 5%, with Lockheed Martin and Northrop Grumman’s shares jumping about 20%. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.
Persons: Lockheed Martin, Northrop Grumman, , Jim Taiclet, “ That’s, JPMorgan Chase, Jamie Dimon, , ” Sam Stovall, Joe Biden’s, Northrop Grumman’s, Raffi Boyadjian, Goldman Sachs, David Solomon, “ David, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, it’s, Lloyd Blankfein, they’re, Elon Musk’s, Elon Musk, X, Clare Duffy Organizations: CNN Business, Bell, New York CNN, U.S . Aerospace & Defense ETF, Raytheon, Lockheed, Boeing, General Dynamics, Northrop, , Lockheed Martin Corporation, titans, Hamas, JPMorgan, Defense, XM, Treasury, CNN, Revenue, Twitter Locations: New York, Israel, U.S, Ukraine, Kippur, Kuwait, South Beach, New Zealand, Philippines
But all the deals and pomp of the visit — including an address to Congress and a lavish state dinner — may not have accomplished what the White House had wanted. U.S. leaders gave Modi a hearty welcome, as Washington seeks to nudge India further into the American sphere of influence. “The partnership is among the most consequential in the world,” Biden said at a news conference on Thursday. Biden and Modi largely brushed off criticism of the Indian government’s crackdown on human rights and religious freedom. And Modi made no pledges to endorse U.S. efforts to restrain China, nor to cut ties to Russia.
Persons: Modi, ” Biden, Dave Calhoun, Larry Culp, G.E, James Taiclet, Lockheed Martin, Sam Altman, OpenAI, Tim Cook, Sanjay Mehrotra, Sundar Pichai, Lisa Su, Ken Chenault, Jane Fraser, Adena Friedman, Deven Parekh, Hemant Taneja, ” Taneja, DealBook, Biden Organizations: White, General Electric, chipmakers, Micron, Materials, World Trade Organization, America, Boeing, Lockheed, Tech, Apple, Citigroup, Nasdaq, Insight Venture Partners, Catalyst, The Times, House Locations: India, China, Russia, U.S, Washington, portobello, United States
Lockheed Martin CEO Jim Taiclet on strong demand for defense
  + stars: | 2023-01-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLockheed Martin CEO Jim Taiclet on strong demand for defenseLockheed Martin CEO Jim Taiclet joins 'Power Lunch' to discuss new developments in military defense technology, the increased demand for defense equipment worldwide, and a ramped-up pace for military contracting since the war in Ukraine.
Watch CNBC's full interview with Lockheed Martin CEO Jim Taiclet
  + stars: | 2023-01-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Lockheed Martin CEO Jim TaicletLockheed Martin CEO Jim Taiclet joins 'Power Lunch' to discuss new developments in military defense technology, the increased demand for defense equipment worldwide, and a ramped-up pace for military contracting since the war in Ukraine.
Jan 24 (Reuters) - U.S. weapons maker Lockheed Martin Corp (LMT.N) on Tuesday forecast annual profit below Street expectations, hurt by lingering supply bottlenecks and higher costs, though a generous defense budget helped it beat fourth-quarter estimates. The defense contractor said it expected a profit of $26.60 to $26.90 per share in 2023. Lockheed forecast 2023 revenue between $65 billion and $66 billion, compared with market estimates of $65.74 billion. Bethesda, Maryland-based Lockheed Martin posted adjusted net income of $7.79 per share for the three months ended Dec. 31, compared with analysts' estimate of $7.39 per share. It reported fourth-quarter net sales of $18.99 billion, above expectations of $18.27 billion.
Prior meetings between Pentagon officials and top arms makers including Lockheed Martin Corp (LMT.N), Raytheon Technologies Corp (RTX.N) and General Dynamics Corp (GD.N) were focused on Ukraine and hypersonic weapon development. Pandemic related supply-chain issues are still hurting defense contractors because components and materials fail to arrive on time, which delays production and ultimately payment. read moreTHE LONGEST POLEIn the meantime, the defense industry is taking steps on its own to shore up supplies and labor. "If I had to boil it down to the longest pole in the tent, it's the labor issues that are pervasive throughout the supply chain," Raytheon Chief Financial Officer Neil Mitchill told Reuters. read moreReporting by Mike Stone in Washington; Editing by Alexandra Alper and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
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