Lockheed Martin is a global aerospace, defense, security, and advanced technology company that specializes in designing and manufacturing innovative systems, products, and services for government and commercial customers. The company is primarily known for its development of advanced military aircraft, missile defense systems, and space exploration technologies. Lockheed Martin also plays a key role in various programs related to cybersecurity, autonomy, and advanced manufacturing, focusing on fostering technological advancements that enhance national security and support international defense initiatives. Through its various sectors, the company aims to address complex challenges and provide cutting-edge solutions to enhance safety and security for its clients around the world. Read More
PALM BEACH, Fla., April 10, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global unmanned aerial system (UAS) military drones market has been rising steadily over the past years and it is projected to continue substantially into the next decade at least. A recent report from one such industry insider said that the surge in global defense budgets has had a significant impact on the global market. As political tensions rise worldwide, nations are investing in cutting-edge unmanned aerial systems (UAS) to bolster their defense and security capabilities. Increased defense expenditure has allowed countries like the United States, China, and other NATO members to allocate substantial funds to advanced drone programs, enhancing surveillance, supporting combat missions, and improving autonomous drone features. Geopolitical tensions, especially in regions like Asia-Pacific, the Middle East, and Eastern Europe, are driving a significant demand for military drones. As nations seek to strengthen their surveillance, intelligence, and tactical capabilities, military drones have become integral to modern defense strategies. Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Unusual Machines, Inc. (NYSE American: UMAC), General Dynamics (NYSE: GD), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), and Lockheed Martin (NYSE: LMT).
WASHINGTON - April 10, 2025 - PRLog -- The Tax Council Policy Institute (TCPI) announced today that Douglas O'Donnell, former Deputy Commissioner at the Internal Revenue Service, will be awarded the 2025 Pillar of Excellence Award in recognition of his substantial and meaningful contributions to the tax community and continual efforts to interpret and implement transparent tax policy. The award will be presented at TCPI's 26th Annual Tax Policy & Practice Symposium held May 15-16 in Washington, D.C."The Pillar of Excellence Award is given to deserving individuals who have demonstrated throughout their career a commitment to advancing tax law and policy, thereby helping further our mission at the TCPI," said Urvi Doshi Sood, Chair of TCPI's Board of Directors and Vice President of Taxes and General Tax Counsel at Lockheed Martin Corporation. "For the TCPI Board, Doug was an overwhelming and easy choice for this year's award. Having spent close to four decades at the IRS holding several leadership roles with the mission of administering and enforcing federal US tax laws, Doug will also be the first career IRS civil servant to receive the Pillar of Excellence Award honor.""Doug has had an impactful career at the IRS and his long-standing willingness to engage in thoughtful educational dialogue with taxpayers has contributed greatly to the tax community," said Lynda K. Walker, Esq., Executive Director and General Counsel of TCPI. "When Doug first joined the IRS in 1986 as a revenue agent in Washington DC, it seems doubtful he could have imagined the subsequent consequential roles he would have at the IRS and within the tax community over the next several decades. Through his hard work and dedication to public service, he rose through the ranks to eventually take on top leadership positions, including two stints as the Acting Commissioner [January-February 2025, November 2022-March 2023], Commissioner of the Large Business and International (LB&I) Division [2015-2021] and Deputy Commissioner of Services & Enforcement. Throughout the years, we've known Doug to be a professional who does not crave the spotlight; he worked diligently behind the scenes to lead and advise ~100,000 IRS employees to ensure that taxpayers are provided with the best possible guidance and service. Doug is most deserving of this award for his contribution to the business community through his approachable willingness to engage with companies whenever there was a need for education and clarity."Qualifications for the Pillar of Excellence Award include playing a key role in developing tax policy and actively participating in opportunities to advance the knowledge and understanding of other tax professionals, business leaders and policy makers. Past honorees have included Eric Solomon, Bernard Shapiro, John Buckley, Lawrence B. Gibbs, Janice Mays, Mark Weinberger, Thomas Barthold, Pamela F. Olson, Mark A. Prater, Martin A. Sullivan, Grace Perez-Navarro, Barbara Angus, Bob Stack, and Hank Gutman.TCPI's 26th Annual Tax Policy & Practice Symposium, "The Competing Forces & Compromises Shaping Tax Policy," will bring together leading tax professionals and policymakers from government, academia and the private sector to consider how the U.S. tax system might evolve in response to internal and external forces. For more details, please visit www.tcpi.org.About The Tax Council Policy Institute (TCPI)TCPI is a non-profit, non-partisan, 501(c)(3) public policy research and educational organization. It was created to help bring about a better understanding of significant tax policies that impact businesses and the economy through careful study, thoughtful evaluation and open discussion. The annual Tax Policy & Practice Symposium is one of the programs utilized by TCPI to accomplish its mission.
Space companies SpaceX, Blue Origin, Boeing, and Lockheed Martin have been awarded $13.5 billion contracts by the U.S. Space Force to launch critical satellites by 2029.
Shares of aerospace and defense company Boeing (NYSE:BA)
fell 9.5% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Rocket Lab USA has expanded its Frontier radio series, introducing upgraded space-qualified RF communication systems. These flight-proven, software-defined radios ensure secure telemetry, tracking, and command (TT&C) across various orbital conditions.
Ahead of the markets opening on Wednesday, Nokia also announced it struck a deal with India’s second largest telecom company, Bharti Airtel, to expand core network collaboration to speed up the launch of new 5G services.
Palantir Technologies Inc CEO Alex Karp emphasized artificial intelligence's transformative potential for enterprise operations, suggesting the technology could make workers dramatically more efficient when properly deployed.
