Lockheed’s shares were up 1.4 per cent at $204 in premarket trading.  Photograph:  Lockheed Martin/Getty Images

Lockheed Martin, the Pentagon’s largest arms supplier, reported a better-than-expected 4.5 per cent rise in quarterly profit and said it could spin of(...)

Four F16 jets are due to be delivered to Egypt in the coming weeks with another eight due to be delivered in December. The jets, built by Lockheed Martin, are part of a package of 20 F-16s, of which eight have already been delivered. Photograph: Alan Betson/The Irish Times

The United States still plans to go through with the delivery of four F-16 fighter jets to Egypt in the coming weeks, US officials have confirmed, des(...)