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Lockheed Martin increased UK sales in Q1 2025 earnings?
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Biden•Australia•Canada•UK•Commerce Department•Reuters•Northrop Grumman•Lockheed Martin•Boeing•Virgin Galactic
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Lockheed Martin's Q1 2025 earnings report
Story
Biden Eases Export Controls on U.S. Space Companies to Australia, Canada, UK
Oct 17, 2024, 08:31 PM
The Biden administration has announced plans to ease export controls on U.S. space companies, allowing them to ship satellite and spacecraft-related items to allies. This move includes easing restrictions on remote sensing spacecraft and space-based logistics assembly, specifically for shipment to countries such as Australia, Canada, and the UK. The Commerce Department will remove certain license requirements for these exports, potentially boosting sales and international business for U.S. aerospace companies. This policy change, reported by Reuters, is expected to benefit companies like Northrop Grumman, Lockheed Martin, Boeing, and Virgin Galactic.
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