nearly got cut in half, but roundly 20 lockheed martin jumpeded 22% from the lows through the end.the old raytheon jumped 26%. general dynamics gained. when you look at how the defense stocks performed during the years when the defense budget was actually being cut, most of them significantly outperformed the s&p 500. it's counter intuitive, but it's what happened. i got the number in 2012, northrop grumman, lockheed and huntle on the ingles all crownsed the s&p. northrop grumman up 152% lockheed up 138% general dynamics, look at this, general dynamics up 107% hunting on the ingalls were 260% all when the s&p was up 64%. that's some outperformance when you look at the actual data from the years of lower defense spending, it tells you you want to be a bir of the defense contract fors if they keep gettg hit. especially the kind of sharp emotional sell-off we saw in 2011 sure, there are differences between now and then for example, it's not encouraging that there seems to be more republicans looking to cut defense spending than any other time in recent history back in 2011, military s

so in a sense, lockheed martin's code worked the way that lockheed martin said it should. so were correct. nasa's wrote its code the way it expected the code to be. so it was also the mistake is somewhere in between it's sort of the space of communication occurs between two sets of programs that's not part of a computer program per say, but it is a form of code way in which there's talk with the specification of we now call interoperability computer programs. i think, you know, just at the time that i was writing this the oracle versus google litigation over, you know, the ability to write compatible versions of java was on the table. we had a lot of questions social media companies letting other social media companies be able to come in and interoperate with their messaging platforms and such. and so the idea that we should really be looking that sort of in-between space as an important part of the coding that really defines what the environment is and what the technology and policy look like, that seemed like just an important lesson to me. and so i thought that that was

ready history of the military, industrial complex lockheed martin all the way back in the sixty's. already went through this entire process with the f one or 4 star fighter. it was a mass of weapons program. the us use bribery and portion to force it on all of it . suppose it allies, it also failed to live up to its expectations. and this situation with the 35 is just the latest iteration of this deeply rooted, institutionalized corruption. to keep on top of all the latest happenings by checking our website, all t dot com. as always, we appreciate you staying with us. thank you for choosing audience. national. the take a fresh look around. just a life kaleidoscopic. isn't just a shifted reality distortion by power to division with no real opinions. fixtures designed to simplify will confuse who really wants a better world. and is it just as a chosen few fractured images presented as 1st? can you see through their illusion going underground? can the what does the width aim to achieve and it's the crane proxy war, the defeat humiliation and break up of russia. if this is the case in

lockheed told us, we negotiate with the government in good faith on all our programs. review, the pentagon negotiated a new contract with the company, saving $550 million. >> well, that's how you become the most hated man in the pentagon. when you say, no, no, we're actually going to pay attention to this. >> army negotiators also caught assad's former employer raytheon making what they called unacceptable profits from the patriot system, by dramatically exaggerating the cost and hours it took to build the radar and ground equipment. >> you called raytheon on the carpet. >> yes, i did. you know, of course, i reported that information up the chain. but then i went to the inspector general and i also went to the defense criminal investigative service, and i said, i want this looked into. >> raytheon told us it is working to equitably resolve the matter, and in 2021, ceo gregory hayes informed investors the company would set aside $290 million for probable liability. >> i will say this is an ongoing investigation by doj. we think these were one-off events that occurred, s

james, take what unit and ceo of lockheed martin the head honcho of one of the world leading defense contractors. his company specialty is building jets and bonds and things that destroy human life. and jim is just one of a handful of defense executives who some might. so we know that but more and more on how much money piece brings piece stability, cooperation now has some data behind it. so to help us break down all the dollars and common sense that piece brings prosperity to all, we'll talk to a meritus professor of economics at democracy at work, professor richard wolf. i should also add that the professor now has a radio show program called economic update, very fitting professor was good to see you. thank you so much for joining us. so we also talked about how much money the us spends on war. the d o d gets nearly a trillion dollars annually. we know this and we'll discuss that later. but what many people don't realize, verity and peace are inextricably tied. so according to a 2020 to study by the world bank and the institute for economics and peace, g d, p growth is steadily h

the lockheed visa japan, up their budget, japan's going to up their budget. you cannot be prime minister of japan if you're not going to salute your american master's fault. your pan is occupied country. every japanese lives within about 80 to 90 kilometers of an american soldier. it is occupied like you cannot imagine. ready so let's say 1961 president eisenhower form or 5 star general. 4 gave a speech and he said, i warn the american people about the mouse trap, industrial complex. in other words, the mouse trap manufacturers. i can take over the country with propaganda. they can bride problem visions. they want to sell those mouse traps. and i warn you, if you have more than about the mouse trap industrial complex, and that's what was running in the united states. and that's what it was dominating politics in washington. then japan would have been inundated by propaganda over the last few decades. the mice from china are called me, you would've seen the warnings about the mice for the china that are coming in. japan has to buy american mousetraps. you see

and if you actually look back at the history of the military industrial complex lockheed martin all the way back in the sixty's, already went through this entire process with the f one o 4 star fighter. it was a mass of weapons program. the us use bribery and portion to force it on all of it . suppose that allies, it also failed to live up to its expectations. and this situation with the 35 is just the latest iteration of this deeply rooted, institutionalized corruption. it is a reflection of this institutionalized corruption that i'm talking about is also going to impact the readiness of us military forces. how can you have a fleet of aircraft and spare parts that are meant to support a network globally? if you try keep track of where they are, how many you have law, how much it will cost did this as a result of the american approach profits over purpose. the purpose of a military industrial capacity is to defend a nation where the united states and the corporations involved that is to maximize profit. several reports from russian media claim that the commander in chief of ukraine's on

the programs contracts to lockheed martin about the s 35 supply chain. the us government's accountability office summarized the b s 35 issue is emblematic of the pentagon. unsafe will critic, failure to pos and audits, but yeah, it was originally, it's how to this capable of doing almost anything the us military need it, but has reportedly been riddled with problems regarding his engines, self closing supersonic flight helmet mounted display and of a technical issues here political alice done for me, us marine bryan ballistics, ac lucrative s 35 program has been placed by corruption. i think it goes back to the institutionalized corruption of the us military industrial complex. this is nothing new, this is nothing new for the f 35. the were all these maintenance problems. it failed to live up to its stated specifications. and if you actually look back at the history of the military industrial complex lockheed martin all the way back in the sixty's, already went through this entire process with the f one o 4 star fighter. it was a mass of weapons program.

ready history of the military, industrial complex lockheed martin all the way back in the sixty's. already went through this entire process with the f one o 4 star fighter. it was a mass of weapons program. the us use bribery and portion to force it on all of it . suppose that allies, it also failed to live up to its expectations. and this situation with the 35 is just the latest iteration of this deeply rooted, institutionalized corruption. to keep on top of all the latest happenings by checking our website, all t dot com. as always we appreciate you staying with us. thank you for choosing audience nice the the.

and if you actually look back at the history of the military industrial complex lockheed martin all the way back in the sixty's, already went through this entire process with the f one o 4 star fighter. it was a mass of weapons program. the us use bribery and portion to force it on all of it . suppose it allies, it also failed to live up to its expectations. and this situation with the up 35 is just the latest iteration of this deeply rooted, institutionalized corruption. this has been going on for a long time. what do you make of the fact that despite making its 1st flight in 2006, the of 35 still hasn't been approved for full rate production and remains in limited procurement. i think this as a result of the american approach, profits over purpose. and the purpose of a military industrial capacity is to defend a nation for the united states and the corporations involved that is to maximize profit. so the reason we see all of these maintenance issues, it's very similar to the v 22 osprey, the tilt rudder aircraft used by the us marine corps. they knew that it had maintenance problems,

. >> joey, from daniel, bought lockheed martin at $462.the stock is down about 15% on the debt ceiling negotiations since early april. we know there's a strong, fundamental thesis surrounding defense domestically and globally we know these company also participate in the growth of defense spending what you do with lockheed martin here, daniel, is ensure that you protect the downside a lot of the ways to do that, understanding now you have a resolution to the debt ceiling debate, right? so you should have favorable price action if that is absent, that is a critical indicator that the trade itself is going to see further deterioration. so i think the risk management on the downside is what daniel needs to prioritize. >> quickly with you, dan on bank of america, bought it at $29.32. do i keep buying what do you think? >> i think he's got time look, you still have an inverted yield curve. the ipo market, which is the fat part of fees, so, look, is the stock cheap? absolutely are there any catalysts to make it move higher absolutely not so i wo

they will band the important ask for business of western military companies like what they did to lockheed martin or racy and technologies in the us. to further delve into this issue, we have to know one very crucial material that's aware or from china. for example, it takes more than 300 kilograms of where or to make one at $35.00 by digit china is currently the strongest supplier of where ours and holds the world's leading, where our processing technology. so ton of best the exports of a swears to western military companies. the cost is huge. no, so china e u ties are complicated to say the least. how do you see this particular move shaping the relationship and the future? well, the relationship between the you and china now is like a tic tac toe game. you wait for the others move to decide to and next step you couple of visuals have said in china that how china continues to react to pollutants. war of aggression will be the decisive factor in the future relationship between the you and china, the stress that china has not sold weapons to russia. but the you now is taking a huge step her

when you buy stock, any stock you didn't even tell anybody. marjorie taylor green g above stock and lockheed martin february 27. here's what's interesting about this though with green green, we should note has been very critical of wars and places like iraq and afghanistan . so why would she say one thing? but then cash in or do another with this situation and ukraine? look, you think maybe they just can't help themselves. is it possible that members of congress simply can't help themselves? after all, i mean, they get a foreign policy news and decisions before the rest of us have any idea of what the hell is going to happen. the question is, should they be allowed to trade in profit from that and especially for the wars moore's. the answer apparently is why not? nobody seems to care. because there's at present no actual law at least not without teeth. yeah. there's the stock law or act with teeth now stopping them from buying stocks. not even in companies that they know are going to increase revenues because of their vote, their vote. and not even in companies that will make money from wars

of defense of the country, mariusz blaszczak, stated this during during a three-day visit to the lockheed martin defense plant in the united states, he noted that the center will be engaged in the maintenance and production of systems not only for the needs of poles, but also for others european countries, because, according to him, many states are interested in buying this reactive artillery system, in addition, blaszczak informed about the negotiations regarding the purchase of 500 additional himers systems for poland . the attacker was detained as a suspect in the mass murder of the shooter. serbian police detained a rioter on the outskirts of the city. he is accused of killing at least eight people and injuring another 14 shootings took place the day before, late in the evening, the attacker drove up in a car and shot a group of people with an automatic weapon. after that, he fled, the ministry of internal affairs serbia considers the incident as an act of domestic terrorism and this is the second mass murder in serbia in the last two days. on wednesday, a 13-year -old teenager shot n

the prophets of raphael in general dynamics building, lockheed martin and also government another the difference between 1st what we should discuss is suppose, isn't there just to cation, but what different today from the 19 say 50 years ago is there is debate and discussion. if it's over well, mainly the other side of state power and official doctrine that it exist. you go back to the 1960 that barely even exist. there was no indication of it no more. for example, that was essentially no position to earth. and for a long time, finally broke out and we should be, we should recognize that the civilizing effect of the activism most of the young people in those years instance has had an impact. there is no ranges to be discussion of people like may of course, can't get into the mainstream media, but we never could. that was impossible though at least there's alternative ways for voices as well. actually, or, well actually you your name as being mentioned in main stream media and it's being famed and i don't know whether you want to take legal action. you're a trenchant critic of lads who

the space company blue origin will now work with traditional aerospace companies like lockheed martin. the lander will be used during nasa's second upcoming mission to land on the moon, and the first moon lander will be built by spacex. >> pretty cool. >>> back on earth, walnut creek, a beautiful sight for our friday. hope folks get out and enjoy the weekend and today. what about the weather, cinthia? >> some places have held on tight to the fog along the coastline. let's get you to your microclimate forecast. in oakland, you can see the cloud cover, 58 degrees. we'll see some sunshine as the lunchtime hour rolls around. temperatures there along the water will be in the mid to upper 60s. a place that said good-bye to the cloud cover pretty fast was downtown san jose. plenty of sunshine and clear skies, which should be the trend in the next couple days. temperatures will warm up with plenty of sunshine, mid-70s. grab those sunglasses for weekend. the cloud cover hanging on along the coastline. and a wider picture for my full forecast camming up, a clash of a low-pressure system out in

specifications, and if you actually look back at the history of the military industrial complex lockheed martin all the way back in the sixty's, already went through this entire process with the f one o 4 star fighter. it was a mass of weapons program. the us use bribery and portion to force it on all of it . suppose it allies, it also failed to live up to its expectations. and this situation with the f 35 is just the latest iteration of this deeply rooted, institutionalized corruption. keep on top of all the latest happenings by checking our website, all t dot com. as always we appreciate you staying with us. thank you for choosing audience, national, the american. so see what, what was the route that was correct. so so the just so basically we need the last name was needed, read it was can, when we used to be you know, you mentioned we have some what's what's, what was this we would show new people to the, the on the on december the sixteen's 2021, the ukrainian parliament approved little number 58. 31 the stipulates ukrainians, including children, can become organ donors, postuma slat

in march last year , the share price of the military giant lockheed martin increased by a third; andn countries have revised their military budgets, will the us military concerns now be able to get tidbits of defense contracts american weapons no longer seem so terrible and after the russian the strike and the question arose about the prospects for the patriot program, according to experts , the complex for a long time, personifying the military power of the united states, has exhausted its modernization resource and is no longer able to compete with modern weapons. a big event for the entire global transport infrastructure this is how russian president vladimir putin described the agreement between russia and iran on the creation of a railway section cuts. astara, it should become part of the global north-south trade route, which will create serious competition for the flow of goods along the south sea ​​route through the suez canal, the potential of a unique infrastructure project. tatyana belova tanya so speech by astara why should this site be built in the first place? vadim the

when you buy stock, any stock you didn't even tell anybody marjorie taylor green jim up stock and lockheed martin february 27. here's what's interesting about this though with green green, we should note has been very critical of wars and places like iraq and afghanistan . so why would she say one thing? but then cash in or do another with this situation and ukraine? look, you think maybe they just can't help themselves. is it possible that members of congress simply can't help themselves? after all, i mean, they get what amounts to insight information about foreign policy, news, and decisions before the rest of us have any idea of what the hell is going to happen. the question is, should they be allowed to trade in profit from that? and especially for the wars moore's, the answer apparently is why not nobody seems to care. because there's at present no actual law, at least not without teeth. yeah. there's the stock law act. but with tea now stopping them from buying stocks, not even in companies that they know are going to increase revenues because of their vote, their vote. and not even

ready history of the military, industrial complex lockheed martin all the way back in the sixty's. already went through this entire process with the f one or 4 star fighter. it was a mass of weapons program. the us use bribery and portion to force it on all of it . suppose it allies, it also failed to live up to its expectations. and this situation with the f 35 is just the latest iteration of this deeply rooted, institutionalized corruption. keep on top of all the latest happenings by checking our website, all t dot com. as always we appreciate you staying with us. thank you for choosing audience, national the for those, the west a to achieve. and it's the cream proxy war, the defeat humiliation and break up of russia. if this is the case in the west, because already lost the solar energy is a hot topic today as the sun is the most plentiful source of energy, the sun holes enormous promised as a clean and dependable way to power our world. but we 1st needed the technology to make the conversion, to turn uv rays into electricity. christy, and you're watching the cost of everything.

specifications, and if you actually look back at the history of the military industrial complex lockheed martin all the way back in the sixty's, already went through this entire process with the f one o 4 star fighter. it was a mass of weapons program. the us use bribery and portion to force it on all of it . suppose it allies, it also failed to live up to its expectations. and this situation with the 35 is just the latest iteration of this deeply rooted, institutionalized corruption. keep on top of all the latest happenings by checking on websites, all t dot com. as always, we appreciate you staying with us. thank you for choosing audience. national the, [000:00:00;00] the unity and those other income children is ombudsman and they go guns. peebles, through a public, is investigating cases of missing children. so she is forwarded to a level that is to say, i'm just, i'm the sort of, it is a dss them just for pitching out. and it's really that, that's going to allow that. just give them why and normally don't put people on your grandson elementary school, but again, the g. i'm done in th

. >> we, nasa, announced that blue origin and partners lockheed martin , draper , boeing , asked robotic , and honeybee robotics will build a human landing system to deliver nasa astronauts to the lunar surface. >> nasa is already working with elon musk's spacex to build the first human landing system for the artemis three and four missions. charlie? >> for stuff that doesn't go over my head, the youth movement continues for the giants, another prospect got called up today but he may not want to take notes from casey schmidt on what to do in the city. i will tell you why, coming up. >>> coming up on the cbs evening news, debt limit talks at a standstill, why republicans hit pause on the negotiations today, polly cata default deadline. what it >>> some southern california residents are dealing with flooding right now. this is homes and floodets frustrated residents say the city didn't do enough to prepare. >> you can't find mother nature all the way but you can. >> put up a tough fight, you can put up a fight. >>> meanwhile, smoke from wild fires in canada have now drifted into the u.s. t

origin, it includes some of the old partners who have worked on orion and the sls rocket, boeing and lockheedlander and they were one of the teams who started out with the google lunar x prize which was a competition to see if there was a private company which could send a rover to the surface of the moon and have rove along the surface and send back video. nobody won the competition, the deadline was met and it was not, nobody was able to close the business case and get their lunar lander is to the moon but it is amazing to see some of those companies still active and another private company i space had another private company i space had an attempt to land a rover on the moon and sadly they did not manage it but it is exciting to see the energy and the companies and the fact that nasa is they're putting money into the lunar economy, enabling more companies to get involved and to see how fast we can get along. involved and to see how fast we can aet alonu. . ~ involved and to see how fast we can aet alonu. ., ,, ,., involved and to see how fast we can aet alonu. . ,, y., ., involved and to s

you buy stock, any stock you didn't even tell anybody. marjorie taylor green, jeep up stock and lockheed martin february 27. here's what's interesting about this though with green green, we should note has been very critical of wars and places like iraq and afghanistan . so why would she say one thing? but then cash in or do another with this situation, then you create look you think maybe they just can't help themselves. is it possible that members of congress simply can't help themselves? after all, i mean, they get what, what amounts to insight information about foreign policy, news and decisions before the rest of us have any idea of what the hell's going to happen? the question is, should they be allowed to trade in profit from that? and especially for the wars moore's, the answer apparently is why not nobody seems to care. because there's at present no actual law, at least not without teeth. yeah. there's the stock law act. but with tea now stopping them from buying stocks, not even in companies that they know are going to increase revenues because of their vote, their vote. and no

uh, lockheed martin ammo developer hymas. such a name as a jet belt closer to the nose of the rocket. we have learned how to shoot them down. here, that is, what i’m talking about and they have. they also have an otrk, similar, similar to our scander, called thunder, that is, they also took our car as a basis. uh, according to missile launches, everything is similar, but uh , saudi arabia, which participated money in the development of this complex. they declared approximately somewhere a range of about 300 km, but the most interesting thing is that gromov practically did not do these e, what was the problem for the ukrainians with the development of the rk thunder, and the point is that the rocket flew. uh, that's how our scanders are, uh, with these speed capabilities, you need uh, the chemical composition of the fuel is high-energy. that is, our fuel was developed. the ukrainians had a problem. e with fuel, so they could not confirm the declared characteristics, they at first they stated that it was also the same as our 50

lockheed martin. >> thank you for watching "fast money. it has been quite a show with a lot going on as we wait to see what happens out of washington "mad money" with jim cramer starts right now starts right now >>> my mission is simple -- to make you money i'm here to level the playing fields for all investors there's always a bull market somewhere. and i promise to help you find it "mad money" starts now >>> hey. i'm cramer welcome to "mad money. i am just trying to make you money. my job is not just to entertain but put it in context. so call me or tweet me everybody loves to obsess over the macro. what will happen with the debt ceiling? what will the fed do next? how bad is commercial real estate and they tloflove to talk aboute volatility index or regional bank etf or major average. the dow slipped 57 points. nasdaq shed 3.6% of course, you need to have your view of this big picture stuff i don't deny it. there are long standing patterns that are impossible to ignore. lower interest rates do tend to drive stocks higher. the volatility

stacy kubicek, the vice president for mission solutions at lockheed martin. thank you stacy for joining us. you all are familiar with general chilton, inc. for him to joining us on this panel. to put everyone in perspective historically. everyone in this room, i do not see any youngsters here. it was not that long ago you cannot say space and offense in the same sentence together. i have to share a story. i'm at the air force academy, giving a lecture to a group of cadets who are focused on space force. at the end of my comments, one of the cadets asked a question about. do you envision there being war in space. immediately, i went of course. one of, i will not have to say, but in -- a former astronaut is sitting in the back of the room and as a mentor and he jumps up and goes you cannot say that. sure i can. it is an academic institution and a second we will fight in space. that happened down dish that is how everyone was from a policy perspective to not talk like this. we do not want to see conflict in space. like a said, we are where we are at with respect

i remember lockheed in particular, did very well and nvidia you are onto as well and that did well.ive me a stock pick now that will do well in the near future. >> i gave one in my notes today that i like on this big pool back. on mining company called saturn copper. this stock is a you are play going a about 4 and a 1/2%, 5% dividend. keeping up with inflation, you can buy it at a big discount after the last couple days of pull back and i think it has some upside at the end of the year especially when we get back to thinking about something smart like infrastructure, investing as a country. that is one to put on your plate, a good pullback for longer-term. stuart: we will watch it. see you again soon. disney is the main mover of the dow industrials, down 8%. what's the story? lauren: shedding 60 points from the dow jones, another quarter, disney lost 4 million more disney plus accounts in the quarter, because they hiked prices by 40% at the end of 2022 and they did not suggest things are going to be better with streaming. stuart: these -- can never remember, up 8%. >> is popular ag

contracts have felt the impact they're down this week most of them are down today, and names like lockheedare dog in general this is amid all of this d.c. decision-making uncertainty. by far it's the biggest category of discretionary spending, roughly more than $800 billion in 2023 is what's expected to be spent, if a default were realized, government contractors would feel it swiftly and deeply, but feven if that doesnt happen, and many believe it won't, the fear is broader cuts. you see the military getting cuts and that means a resolution which inflates program costs and production increases it's disruptive to military modern modernization, and to the companies from awarded contracts. this is why you're seeing these names under pressure right now >> all the defense primes. morgan brennan, thank you very much. >>> still ahead, some news on a meha veolegends, an iconicid ga tt got consumers lining up around the world to buy it. all that and more when "power lunch" returns power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. a

here she is standing in front of her 1937 court, which is in front of her airplane, her lockheed electra. but unfortunately, this was shortly before her fateful journey when she disappeared. and it was never found again. but this particular court vehicle, if i could spend a few moments talking about it and really had a very interesting journey to where it has landed today after her disappearance, amelia's george putnam really spent a tremendous amount of money searching for her with various campaigns to locate her remains. her her airplane, but was unsuccessful, of course. so he had to have her declared deceased a couple of years after her disappearance, and he had to sell off all the assets of the estate in order to cover his debts. and, of course, he sold off the court and it really was disassembled. the carriage actually going one place, the motor going to another place. but recently i recently meaning when the last 15 years or so all the parts have been put back together and it has been beautifully restored. last year it was second place at the pebble beach concours d'elegance, as we