Latest news with #LockheedMartin
Days of Palestine
6 hours ago
- Business
- Days of Palestine
Belgium Sues FedEx for Facilitating Weapons Shipments to Israeli Military
DayofPal– The Belgian peace organization Vredesactie has filed a criminal complaint against U.S. shipping giant FedEx, accusing the company of violating both international and Belgian law over Gaza war. The accusations came after FedEx transported components for U.S.-made F-35 stealth fighter jets to the Israeli military through Liège Airport. In the complaint, submitted on June 26, the group said that FedEx played a key role in moving shipments tied to American defense contractor Lockheed Martin between June 20 and 24. These shipments, originating from U.S. military bases, were ultimately destined for Nevatim Airbase in occupied Palestine, the launch point for Israeli airstrikes on Gaza and, more recently, on Iranian territory. The complaint, grounded in Belgium's criminal code, asserts that such transfers may constitute 'complicity in war crimes,' referencing the international Arms Trade Treaty and national regulations governing arms exports. Hans Lammerant, a representative of Vredesactie, stated: 'This transit violates the Arms Trade Treaty and amounts to criminal complicity in war crimes under Belgian law.' According to the legal filing, 7 out of 20 shipments handled by FedEx originated from Fort Worth, Texas, home to Lockheed Martin's F-35 production line. Others came from Tracy, California, the headquarters of the Joint F-35 Program. All the cargo fell under the International Traffic in Arms Regulations (ITAR), meaning it was subject to strict oversight by the U.S. Department of Defense. Although Lockheed Martin was listed as both sender and recipient, the route took the shipments through Cologne, Germany, before being transported by land to Liège. Belgian authorities confirmed that no transit licenses were requested from the Walloon regional government, which has maintained a 2009 agreement prohibiting the transfer of arms supporting Israeli military operations. Wallonia's Prime Minister Adrien Dolimont reaffirmed this position, stating unequivocally: 'No licenses will be granted for shipments that could bolster the Israeli armed forces.' FedEx, for its part, denied any wrongdoing, claiming it fully complies with all applicable laws. However, investigative reporting by Belgian newspapers De Morgen and Le Soir, in collaboration with Irish outlet The Ditch, revealed a troubling lack of transparency. The final recipients and exact contents of the shipments remain undisclosed. Some parcels weighed just a few kilograms, raising further questions about their classification and intended use. This case follows earlier revelations by the same journalistic team, which uncovered the shipment of 70 tons of ammunition to the Israeli military via Liège Airport over a six-month period last year through another company, Challenge Airlines, sparking public outcry but no legal consequences. Shortlink for this post:
Yahoo
12 hours ago
- Business
- Yahoo
Lockheed Martin (LMT) Announced the Successful Execution of Flight Test Other-26a
Lockheed Martin Corporation (NYSE:LMT) is one of the 13 Best Aerospace and Defense Stocks to Invest in Now. On June 24, Lockheed Martin Corporation (NYSE:LMT) announced the successful execution of Flight Test Other-26a, in collaboration with the US Missile Defense Agency. The test demonstrated the capabilities of Lockheed Martin Corporation (NYSE:LMT)'s Long Range Discrimination Radar, which successfully detected, tracked, and discriminated against a live ballistic missile threat in a complex environment over the north Pacific Ocean. The LRDR tracked an air-launched ballistic missile target equipped with countermeasures, showcasing its ability to distinguish real threats from decoys and background clutter. Two fighter jets in flight, highlighting the technology and experience of the companies combat aircraft. This test marked several firsts including LRDR's effective detection, tracking, and discrimination in a complex environment, and C2BMC's successful use of LRDR flight test data to support a simulated missile defense engagement. Lockheed Martin Corporation (NYSE:LMT) is an international aerospace and defense company that develops and manufactures advanced technology systems and products. It operates in four main areas including military aircraft, missile and air defense systems, helicopters and naval systems, and space technologies. While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
13 hours ago
- Business
- Yahoo
Lockheed Martin (LMT) Announced the Successful Execution of Flight Test Other-26a
Lockheed Martin Corporation (NYSE:LMT) is one of the 13 Best Aerospace and Defense Stocks to Invest in Now. On June 24, Lockheed Martin Corporation (NYSE:LMT) announced the successful execution of Flight Test Other-26a, in collaboration with the US Missile Defense Agency. The test demonstrated the capabilities of Lockheed Martin Corporation (NYSE:LMT)'s Long Range Discrimination Radar, which successfully detected, tracked, and discriminated against a live ballistic missile threat in a complex environment over the north Pacific Ocean. The LRDR tracked an air-launched ballistic missile target equipped with countermeasures, showcasing its ability to distinguish real threats from decoys and background clutter. Two fighter jets in flight, highlighting the technology and experience of the companies combat aircraft. This test marked several firsts including LRDR's effective detection, tracking, and discrimination in a complex environment, and C2BMC's successful use of LRDR flight test data to support a simulated missile defense engagement. Lockheed Martin Corporation (NYSE:LMT) is an international aerospace and defense company that develops and manufactures advanced technology systems and products. It operates in four main areas including military aircraft, missile and air defense systems, helicopters and naval systems, and space technologies. While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
15 hours ago
- Business
- Yahoo
Lockheed Martin (LMT) Announced the Successful Execution of Flight Test Other-26a
Lockheed Martin Corporation (NYSE:LMT) is one of the 13 Best Aerospace and Defense Stocks to Invest in Now. On June 24, Lockheed Martin Corporation (NYSE:LMT) announced the successful execution of Flight Test Other-26a, in collaboration with the US Missile Defense Agency. The test demonstrated the capabilities of Lockheed Martin Corporation (NYSE:LMT)'s Long Range Discrimination Radar, which successfully detected, tracked, and discriminated against a live ballistic missile threat in a complex environment over the north Pacific Ocean. The LRDR tracked an air-launched ballistic missile target equipped with countermeasures, showcasing its ability to distinguish real threats from decoys and background clutter. Two fighter jets in flight, highlighting the technology and experience of the companies combat aircraft. This test marked several firsts including LRDR's effective detection, tracking, and discrimination in a complex environment, and C2BMC's successful use of LRDR flight test data to support a simulated missile defense engagement. Lockheed Martin Corporation (NYSE:LMT) is an international aerospace and defense company that develops and manufactures advanced technology systems and products. It operates in four main areas including military aircraft, missile and air defense systems, helicopters and naval systems, and space technologies. While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Jim Cramer on Lockheed Martin: 'You Stay Long'
Lockheed Martin Corporation (NYSE:LMT) is one of the 14 stocks Jim Cramer recently shared insights on. During the episode, a caller asked whether to reposition their holding in the stock, and in response, Cramer said: 'I like Lockheed Martin too much to tell you to do that. Every time I see Jim Taiclet, I say to myself, why does anyone want to sell that stock with a 3% yield and a great book of business and a terrific CEO? No, you stay long, Lockheed Martin.' A military aircraft in flight, showing the strength of the company's combat & air mobility capability. Lockheed Martin (NYSE:LMT) focuses on designing, developing, and producing advanced technology systems, products, and services for the defense and space industries. On May 14, when Cramer was asked about the company, he remarked: 'Okay, so Jim Taiclet runs this company, and he's a terrific, honorable, good guy. It now yields almost 3%. You can say, well, that doesn't compensate, but it only sells for 16 times earnings. I think Lockheed Martin, you start a position right here. I would have no problem buying a stock that Jim Taiclet is in charge of and that… sells for only 16 times earnings.' While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
