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Corporate Employers Accused of Increasing Risk Of Pension Shortfalls in Violation of Employee Retirement Income Security Act of 1974 (“ERISA”) (Brower Piven Release)

Retrieved on:

Jeudi, mai 30, 2024

Armstrong World Industries, ERISA, Bristol Myers Squibb, BMY, AT&T, LMT, General Electric, AWI, Pension Benefit Guaranty Corporation, AA, Lockheed Martin

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.

Key Points:

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.
The lawsuits allege that because of the transactions, plan participants and beneficiaries no longer enjoy certain benefits, including protection provided by the federally chartered Pension Benefit Guaranty Corporation.
According to the lawsuits, the transactions have also harmed plan participants and beneficiaries by degrading the value of their pension benefits because of Athene’s investment strategies that the lawsuits allege to be risky.
The lawsuits also allege that the companies profited from their decision to offload pension obligations to Athene.

Corporate Employers Accused of Increasing Risk Of Pension Shortfalls in Violation of Employee Retirement Income Security Act of 1974 (“ERISA”) (Brower Piven Release)

Retrieved on:

Jeudi, mai 23, 2024

Armstrong World Industries, ERISA, Bristol Myers Squibb, BMY, AT&T, LMT, General Electric, AWI, Pension Benefit Guaranty Corporation, AA, Lockheed Martin

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.

Key Points:

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.
The lawsuits allege that because of the transactions, plan participants and beneficiaries no longer enjoy certain benefits, including protection provided by the federally chartered Pension Benefit Guaranty Corporation.
According to the lawsuits, the transactions have also harmed plan participants and beneficiaries by degrading the value of their pension benefits because of Athene’s investment strategies that the lawsuits allege to be risky.
The lawsuits also allege that the companies profited from their decision to offload pension obligations to Athene.

Global Military Drone Market Expected to Reach $18 Billion By 2028 as U.S. Government Plays Crucial Role in Military Drone Industry

Retrieved on:

Mardi, mai 7, 2024

According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.

Key Points:

According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.
The report said: “The global race among nations to invest in drone technology has sparked a competitive environment.
This demand for more sophisticated drone capabilities is a key factor stimulating the expansion of the military drone market.
The MarketsAndMarkets report continued: “Based on operation mode, The military drone market is divided into remotely piloted, optionally piloted, and fully autonomous categories.

Elsight Enhances the Indago 4 Uncrewed Aerial System with Robust and Beyond Visual Line-of-Sight (BVLOS) Communications

Retrieved on:

Mardi, mai 7, 2024

Heart, Telemetry, LMT, SDR, ASX, Halo, Communication, UAS

OR YEHUDA, Israel, May 7, 2024 /PRNewswire/ -- During a strategic collaboration exercise, Elsight's (ASX: ELS) Halo connectivity platform was rapidly integrated with Lockheed Martin (NYSE: LMT) Indago 4 Uncrewed Aerial System (UAS) to complete BVLOS (beyond visual line-of-sight) flights with enhanced capabilities and expanded operational reach.

Key Points:

At the heart of this integration lies Elsight's Halo, a highly reliable communication system.
By seamlessly aggregating diverse IP links—public cellular, private cellular, satellite, and SDR radio—the Halo ensures uninterrupted connectivity even in the most challenging environments.
"We designed the Halo to provide real-time situational awareness in difficult defense and public safety scenarios," said Roee Kashi, Co-founder and CTO of Elsight.
Now with our integration, the Indago 4 becomes the 'eyes' of any commander and the control center."

U.S. Air Force Secretary Kendall Flies in AI-piloted X-62A VISTA

Retrieved on:

Vendredi, mai 3, 2024

EDWARDS AIR FORCE BASE, Calif., May 3, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT) joined the U.S. Air Force Test Pilot School and other government and industry partners in hosting U.S. Secretary of the Air Force Frank Kendall to fly in the X-62A Variable In-flight Simulation Test Aircraft (VISTA), a one-of-a-kind aircraft modified to test artificial intelligence (AI) and autonomy capabilities.

Key Points:

EDWARDS AIR FORCE BASE, Calif., May 3, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT) joined the U.S. Air Force Test Pilot School and other government and industry partners in hosting U.S. Secretary of the Air Force Frank Kendall to fly in the X-62A Variable In-flight Simulation Test Aircraft (VISTA), a one-of-a-kind aircraft modified to test artificial intelligence (AI) and autonomy capabilities.
VISTA is an AI pathfinder that facilitates development and testing of cutting-edge AI techniques with new uncrewed vehicle designs.
"Our proven hardware and software architecture enable safe and controlled environments for AI agents and advanced algorithms to rapidly prototype and develop."
This architecture has proven to be reliable and robust enough to transition into third-party distributed hardware to replicate safe and controlled flight test objectives as demonstrated by VISTA.

Lockheed Martin Declares Second Quarter 2024 Dividend and Announces Election of Thomas Falk as Independent Lead Director of the Board

Retrieved on:

Jeudi, mai 2, 2024

Lockheed Martin, Century, Falk, Multimedia, Audit committee, LMT, Management

BETHESDA, Md., May 2, 2024 /PRNewswire/ -- The Lockheed Martin (NYSE: LMT) board of directors has authorized a second quarter 2024 dividend of $3.15 per share.

Key Points:

BETHESDA, Md., May 2, 2024 /PRNewswire/ -- The Lockheed Martin (NYSE: LMT) board of directors has authorized a second quarter 2024 dividend of $3.15 per share.
The independent members of Lockheed Martin's board of directors also unanimously elected Thomas J. Falk as independent lead director of the board effective today, succeeding Daniel F. Akerson who, along with James O. Ellis, Jr., retired from the board this morning following the company's annual stockholders meeting.
"We are pleased to announce Tom's election as our next independent lead director.
In connection with Falk's election as independent lead director, Patricia E. Yarrington has been appointed Chair of the board's Audit Committee.

Ducommun Incorporated receives Lockheed Martin Aeronautics Elite Supplier Award for 2023

Retrieved on:

Mardi, avril 23, 2024

DCO, LMT, Ducommun, F-35, A&D, Lockheed, Lockheed Martin Aeronautics, Aircraft

SANTA ANA, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, today announced that it has been recognized as part of an elite group of top performing suppliers by Lockheed Martin Aeronautics (NYSE:LMT) for 2023 as a recipient of the Elite Supplier Award.

Key Points:

SANTA ANA, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, today announced that it has been recognized as part of an elite group of top performing suppliers by Lockheed Martin Aeronautics (NYSE:LMT) for 2023 as a recipient of the Elite Supplier Award.
“We are thrilled and honored to be selected for the Elite Supplier Award by Lockheed Martin as we work together to keep our nation and allies safe.
To be recognized as an Elite Supplier Award recipient is an outstanding achievement by Ducommun and a fitting testament to the hard work, dedication, and commitment of a highly professional team.
Ducommun has been supplying F-35 harnesses to a global customer base for many years, supporting a broad range of major commercial and military aerospace programs.

U.S. Missile Defense Agency selects Lockheed Martin to provide its Next Generation Interceptor

Retrieved on:

Lundi, avril 15, 2024

Missile Defense Agency, NGI, LMT, Investment, GMD, MDA, Lockheed Martin, History, Critical, Next Generation, Lockheed, Arms industry

HUNTSVILLE, Ala., April 15, 2024 /PRNewswire/ -- On April 15, the Missile Defense Agency selected Lockheed Martin [NYSE: LMT] to deliver the nation's new homeland missile defense capability, the Next Generation Interceptor ( NGI ).

Key Points:

HUNTSVILLE, Ala., April 15, 2024 /PRNewswire/ -- On April 15, the Missile Defense Agency selected Lockheed Martin [NYSE: LMT] to deliver the nation's new homeland missile defense capability, the Next Generation Interceptor ( NGI ).
Lockheed Martin, as the MDA's NGI prime contractor, will provide the most modern, reliable, and technically advanced interceptor in the history of the Ground-based Midcourse Defense (GMD) system.
"Lockheed Martin is proud to partner with the MDA on a revolutionary interceptor to advance our nation's security.
New and modern Lockheed Martin facilities, built for the homeland missile defense mission, recently opened in Huntsville, Alabama and under construction in Courtland, Alabama represent corporate dedication to NGI.

Follow the Money in Defense Stocks - The Sky's the Limit

Retrieved on:

Mercredi, mars 27, 2024

This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems.

Key Points:

This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems.
With over two decades of pioneering work in heat dissipation technologies, KULR has become a trusted provider for demanding sectors including defense, aerospace and beyond.
Raytheon, an RTX business, was recently awarded a $1.2 billion contract to supply Germany with Patriot® air and missile defense systems.
(NYSE American: KULR), the defense industry represents an opportunity to capitalize on their innovative energy efficiency technology solutions and the sky is the limit.

Global Electronic Warfare Market Size Expected to Reach $24.76 Billion by 2029

Retrieved on:

Mardi, mars 26, 2024

The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.

Key Points:

The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.
A report from Mordor Intelligence projected that the Electronic Warfare Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 24.76 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
Mordor Intelligence concluded: “Various players in the market are investing significantly in research and developing advanced next-generation warfare products having higher electromagnetic capabilities.
According to Straits Research , the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.