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Lockheed expects profits to increase in 2018

Lockheed Martin Corp. expects profit to surge this year, even if sales don’t, as the company benefits from U.S. tax cuts and higher deliveries of its F-35 Lightning II fighter jet. Lockheed Sees 2018 Profit Gain on Tax Cut, F-35 Fighter Jet https://www.bloomberg.com/news/articles/2018-01-29/lockheed-forecasts-profit-surge-from-tax-cut-f-35-fighter-sales  

“No significant improvement” on the reliability of F-35s

Efforts to improve the reliability of Lockheed Martin Corp.’s F-35 are “stagnant,” undercut by problems such as aircraft sitting idle over the last year awaiting spare parts from the contractor, according to the Pentagon’s testing office. The availability of the fighter jet for missions when needed -- a key metric -- remains “around 50 percent, a … Continue reading “No significant improvement” on the reliability of F-35s

Britain significantly increases arms exports to repressive regimes since Brexit vote

Britain has dramatically increased the value of weaponry and defence equipment it sells to the world’s most repressive regimes since vows by senior ministers to expand arms exports after the Brexit vote. Figures seen by i show that the Government cleared export licences worth £2.9bn in the 12 months after June 2016 to 35 countries … Continue reading Britain significantly increases arms exports to repressive regimes since Brexit vote

The failure of War on Terror and War on Drug

After fighting the longest war in its history, the US stands at the brink of defeat in Afghanistan. How could this be possible? How could the world’s sole superpower have battled continuously for more than 16 years – deploying more than 100,000 troops at the conflict’s peak, sacrificing the lives of nearly 2,300 soldiers, spending … Continue reading The failure of War on Terror and War on Drug