VENTURE CAPITAL POST

President Joe Biden reportedly wants to cut the number of F-35 jets the Pentagon will buy next year.

NASA is to built quieter supersonic jet planes that will one day replace passenger jet planes. The $20 million contract was given to Lockheed Martin which will collaborate with NASA for reviving supersonic aviation feasibility studies.

Due to the heavy flooding in Chennai, India, there was a great necessity for assistance in getting locals out of the affected areas. The C-17 Globemaster and the C-130J Super Hercules answered their cries of help.

Amidst a growing threat from Islamic State terrorism, Britain strengthen its defense by spending more budget on defense and security. According to CNN, Britain will beef up its security by purchasing nine new Boeing P8 maritime patrol aircraft for surveillance and anti-submarine warfare,with additional spending of £12 billion ($18 billion).

United Launch Alliance (ULA), a joint venture (JV) between Lockheed Martin and Boeing, is entering into miniature satellites segment. ULA is planning to launch a CubeSat carrier by mid 2017. ULA will explore business potential in launching small satellites for earth imaging, weather forecasting, internet relays, etc.

American billionaire, Robert Bass, established Aerion in 2004. The company with engineering support from Airbus will formally launch the AS2 program next year. Currently, the Reno,based company is searching for manufacturing facility to start building its Aerion supersonic jet. This will become new supersonic jet after Concorde retirement in 2003.

The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats.

For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy satellites into space.

A new U.S. spaceship designed to fly astronauts to the moon, Mars and other destinations beyond the International Space Station arrived at a Florida launch pad on Wednesday in preparation for an unmanned test flight next month.

A consortium of Taiwan's largest private shipbuilder Ching Fu Shipbuilding Co Ltd, U.S. defense firm Lockheed Martin Corp and Italian firm Intermarine SpA have won a contract to supply six mine countermeasure vessels for Taiwan's navy for an undisclosed amount.

Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade.

A report from the US Government Accountability Office revealed that "persistent software problems" are causing delays in the testing of Lockheed Martin Corp's F-35 jet which could also put the project behind schedule, Bloomberg reported.

The US government inked a USD 4 billion missile defense contract with Lockheed Martin.

US defense contractor Lockheed Martin said it was looking to make more acquisitions after its purchase of IT firm Amor Group.

The acquisition of IT firm Amor Group was recently announced by Lockheed Martin Group for an undisclosed amount.