The German arms manufacturer Rheinmetall $RHM (+4.92%) and the US company Lockheed Martin $LMT (-0.56%) have agreed to expand their cooperation and extended a memorandum of understanding signed in 2024.

The two arms companies will set up a so-called "Center of Excellence" under the leadership of Rheinmetall, which will manufacture rockets and missiles and operate in Germany and other European countries, it was reported.

"Rheinmetall will not only be involved in sales, but will also make a significant contribution to production," said CEO Armin Papperger in a statement.

Source: finanzen.net

Earnings:

Lockheed Martin reported higher first-quarter profit on Tuesday and reaffirmed its guidance for the year on robust demand for its missile systems and fighter jets.

Defense companies have benefited from rising demand for weapons amid the Russia-Ukraine war and conflicts in the Middle East.

It is expected that long-established companies in this sector will also receive a potential boost from US President Donald Trump's move to relax export regulations for military equipment.

Lockheed's aerospace division, which manufactures the F-35 fighter jet, reported a 3.1 percent increase in sales in the first quarter.

The F-35 program was hurt by delays in the rollout of a technology upgrade that will give the jet better displays and processing capabilities for its electronic systems.

Lockheed reported total sales of $17.96 billion for the first quarter, up 4.5 percent from a year earlier. Sales increased in all of the company's divisions this quarter, with the exception of its aerospace division.

The company's net income for the quarter rose to 1.71 billion dollars, or 7.28 dollars per share, compared to 1.55 billion dollars, or 6.39 dollars per share, a year earlier.

Now 20stk. in the depot 👌

Lockheed Martin $LMT (-0.56%) has appointed a new Chief Financial Officer: Evan Scott takes over the position following the departure of his predecessor Jay Malave. Scott brings extensive experience in the defense and aerospace sector and has previously held senior finance positions at major industrial companies. The move comes at a time when Lockheed Martin is investing heavily in defense programs and has growing global air defense and security contracts. Analysts see the personnel decision as strategically important for the long-term financial stability of the defense company.

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$LMT (-0.56%) I just sold my position regarding. $LMT (-0.56%) , lost the contract for F35 lightning and half of Europe including France and Germany want to stop ordering F35 and other US armaments

I lost about 23% on my position....

Trump - the best sales guy the European defense industry has ever had.

Speaking of fighter aircraft: did I already mention that Saab ($SAAB B (+3.17%)) not only has its own platforms such as the Gripen fighter jet, but is also involved in the modernization of the European Eurofighter ($AIR (+3.09%) - $LDO (+5.06%) - $BA. (+2.29%)) fleets and the construction of the upcoming latest "Eurofighter EK" models?

• Saab erhält Auftrag für das Arexis-Sensorsystem für die deutschen Eurofighter

It's time for Kötbullar again.

https://www.threads.net/@factpostnews/post/DHd5i5NP3oJ?xmt=AQGzf0-FdZSjf3thHE2npei2poyIa3oUkqf-v3mHrOfKvQ

#trump
#eurofighter
$LMT (-0.56%)
#f35
$BA (+1.44%)
#f47

What do you think is going on with the company right now? Well, there are now problems with the jets at $LMT (-0.56%) because the order with the jets went to $BA (+1.44%) gone. But I still believe in the company in the long term and especially when it comes to the space business, thank God it's not all military. In the long term, it could also recover or what do you think? For me it was always a good companion in the depot😄

$LMT (-0.56%)

The example of the F-35 fighter jet demonstrates Germany's dependence on the USA. Defense Minister Pistorius stands by the purchase of the ultra-modern aircraft - and contradicts doubters who question the reliability of the Trump administration.

German Defense Minister Boris Pistorius wants to stick with the purchase of the F-35 stealth jets from the USA. "The USA is and will remain an important ally for us - also for equipping the Bundeswehr," he said in response to doubts about further arms cooperation with the USA under President Donald Trump. Europe and the USA "want to and must gain clout", the SPD politician told the German Press Agency. "This applies not only to the F-35, but also to our other projects."

The F-35 project in particular shows how closely interwoven and coordinated industries are, said the Minister. "It is a multinational project. Essential parts of the F-35 are manufactured outside the USA," said Pistorius. In Germany, for example, Rheinmetall is involved in production and eight nations were involved in the development. "14 NATO nations and a total of 20 nations are currently or will be using the F-35," he said. There are mutual benefits from the user community.

F-35 can carry US nuclear bombs

By procuring the F-35, Germany is securing its continued nuclear sharing - a NATO deterrence concept in which allies have access to US nuclear bombs in the event of war. "It is only possible with fighter aircraft that the US government has certified for this purpose. Only the F-35 can close the gap that will arise at the end of the decade when the Tornados reach their age limit," said Pistorius.

Reports about a possible remote shutdown ("kill switch") by the USA had fueled concerns about excessive dependency. The Ministry of Defense contradicted this: "There is no possibility of simply switching off the F-35 remotely. That is not true," said a spokesperson. He also contradicted reports of a crisis meeting in the ministry regarding the US weapons.

https://www.tagesschau.de/inland/f35-kampfjets-100.html

Unfortunately, the short and medium-term outlook no longer convinces me at all. Impending national military cuts, the loss of image due to Trump, Boeing!!! is snapping up the next generation.

I was actually fully convinced about a year ago. The product mix was just right. In between, my most successful share with +40%. The increasing competition in the space, air and drone business and the current political situation do not lead me to believe in an imminent recovery.

Out with about plus/minus zero.

$LMT (-0.56%)

what happened?

$LMT (-0.56%)