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Lockheed Stock Tumbles 11% As Company Cuts Revenue Forecast

Lockheed Stock Tumbles 11% As Company Cuts Revenue Forecast

WASHINGTON — Lockheed Martin Corp dramatically lowered its sales expectations for this year and next on Tuesday, saying the COVID-19 pandemic has severely hobbled the top U.S. defense contractor’s supply chain, sending its shares down more than 11%.

The pandemic has crippled many companies’ abi…

Xi Calls for China to Break New Ground in Weapon Development

Xi Calls for China to Break New Ground in Weapon Development

BEIJING — Chinese President Xi Jinping has urged efforts to break new ground in the development of the country’s military weaponry and equipment, and contribute to the realization of the goals set for the centenary of the People’s Liberation Army (PLA).

Xi, also general secretary of the Communi…

War Game Finds Few Good Options for US to Deter China

War Game Finds Few Good Options for US to Deter China

The United States has “few credible options” to respond if China were to seize a set of islands administered by Taiwan in the South China Sea, underscoring the need for Washington and Taipei to build deterrence “against limited Chinese aggression,” according to the results of a war game conducted re…
AUKUS: Australia Traded Certain Work for 18-Month Study: Report

AUKUS: Australia Traded Certain Work for 18-Month Study: Report

ADELAIDE, South Australia — Now that all the hoopla about Australia joining the nuclear submarine age is dying down, some of the implications of Scott Morrison decision to scrap the $90 billion deal to build submarines in Adelaide with French group Naval are starting to become clearer.

First an…


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