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Report: Lockheed, 11 Countries In Talks Over $37B F-35 Procurement

Lockheed Martin (NYSE: LMT) is in talks with the U.S. and 10 other countries over a potential contract worth at least $37 billion for the manufacturer to deliver a total of 440 F-35 fighter aircraft, Reuters reported Sunday. Sources told Reuters the multi-year transaction will consist of three portions from fiscal 2018 …

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David Dacquino Promoted to CEO at Serco’s Americas Arm

David Dacquino, senior vice president of defense business at Serco Group‘s Americas division, has been promoted to chief executive in a move that takes effect in mid-2017. The more than three-decade industry veteran will succeed Dan Allen, who announced in February his plans to retire after nearly four years as chairman and CEO of Serco Inc., the …

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Lockheed to Produce Multiple Launch Rocket Warheads, Pods Under $472M FMS Contract

Lockheed Martin (NYSE: LMT) has received a potential two-year, $471.7 million foreign military sales contract from the U.S. Army to manufacture full-rate production 12 Multiple Launch Rocket System components for France, Germany, Finland and Singapore. Lockheed’s missile and fire control business will deliver 2,868 guided MLRS alternative warhead rockets, 648 unitary warhead rockets, …

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NNSA Awards Contracts for Nevada National Security Site O&M, Protective Force Services

The Energy Department‘s National Nuclear Security Administration has awarded separate contracts for the operations and maintenance as well as security of the Nevada National Security Site near Las Vegas. A joint venture of Honeywell (NYSE: HON), Jacobs Engineering Group (NYSE: JEC) and Huntington Ingalls Industries‘ (NYSE: HII) Stoller Newport News Nuclear division has …

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Lockheed Martin Nabs $413M Air Force Contract for Lot 15 JASSM-ER Missiles

Lockheed Martin (NYSE: LMT) has received a $413.8 million contract from the U.S. Air Force to deliver 360 Lot 15 units of the company’s extended-range air-to-surface missile. The Defense Department said Thursday the contractor will produce the Joint Air-to-Surface Standoff Missile-Extended Range systems as well as provide tooling and test equipment. Jason Denney, program …

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Lockheed Gets $200M AF IDIQ to Sustain Airborne Targeting, Navigation Pods for 13 Int’l Clients

Lockheed Martin (NYSE: LMT) has secured a $200 million contract from the U.S. Air Force to help 13 foreign military sales customers sustain Sniper advanced targeting pods and Low Altitude Navigation and Targeting Infrared for Night navigation pods. The Defense Department said Thursday work will include depot-level repair and return of line replaceable units; LANTIRN …

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Lockheed Martin Wins $19.8 Million for Work on F-35 Fighters

Lockheed Martin Corp. ‘s (LMT) business unit, Aeronautics, won a $19.8 million contract modification for work on the F-35 aircraft memory system and panoramic cockpit display. This will help recover diminishing manufacturing sources projected under the 15th Lot production of the F-35 aircraft, reports Nasdaq.com.  Forty percent of the contracted …

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Lockheed Secures $87M Navy Trident II Missile Support Contract

Lockheed Martin (NYSE: LMT) has secured a potential two-year, $87.3 million contract from the U.S. Navy to provide technical and program management services in support of the Trident II D5 submarine-launched ballistic missile’s navigation subsystem. The Defense Department said Wednesday the contract covers navigation hardware and software design, testing, installation and deliverables …

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Navy Issues $138M Modification on Lockheed’s Lot 9 F-35 Production Contract

Lockheed Martin‘s (NYSE: LMT) aeronautics business unit has received a $137.8 million contract modification from the U.S. Navy to fund cost reduction efforts for the low-rate initial production of lot 9 F-35s. The Defense Department said Friday that the full obligated amount at the time of award is from fiscal 2016 …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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