Australia to Buy 58 Lockheed F-35 Jets for $12B

Australia will purchase 58 Lockheed Martin (NYSE: LMT) F-35 fighter jets for nearly $11.64 billion in addition to the 14 planes the country ordered in 2009, Reuters reported Wednesday. Matt Siegal and Andrea Shalal report that Australia intends to give its air force enough jets to create three operational squadrons and one training squadron through the new order. Prime Minister Tony Abbott said at...

Report: Lockheed’s Skunk Works Aims to Build Payload Carrying Drone

lockheed martin
Lockheed Martin (NYSE: LMT) is building an unmanned aerial system for carrying military payloads, vehicles and supplies, Yahoo News Canada reported Friday. Scott Sutherland writes Lockheed’s Skunk Works unit derived the idea for the Aerial Reconfigurable Embedded System from its Transformer TX program in 2009. The company is building the multi-purpose, vertical take-offOffice Forms Facilitator...

KippsDeSanto: Aerospace, Defense M&A Deals Eye Power Distribution Sector

KippsDeSanto believes UEC Electronics’ acquisition of defense and security products provider Arotech shows that aerospace and defense companies are looking to power distribution and management technologies for mergers-and-acquisition deals. The deal also demonstrates an attraction towards budgeted and long-term programs that support industry and military initiatives, the investment bank said Thursday. Companies...

Marillyn Hewson: Lockheed Opens Israeli Office to Help Back Military’s Southern Strategy

Marillyn Hewson
Marillyn Hewson Shelly Gotman, managing director of Lockheed Martin‘s (NYSE: LMT) information systems and global solutions unit for Israel, will oversee the company’s newly-opened office in Be’er Sheva. “The opening of our Lockheed Martin office here in Be’er Sheva is a demonstration of our commitment to supporting the Israeli Defense Force’s ‘Move to the...

Shelly Gotman to Head Lockheed’s Israel Tech Sector Managing Director

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Shelly Gotman, a retired Israeli air force pilot, has joined Lockheed Martin (NYSE: LMT) as managing director of the company’s technology sector in Israel, the Jerusalem Post reported Wednesday. Yaakov Lappin writes the former F-16 pilot will work to help Lockheed capture new programs, collaborate with academic institutions in technological research and develop investment plans in Israel. Gotman...

Mark Stewart: Eight Lockheed GPS III Satellites ‘Now Fully Under Contract’

Lockheed Martin (NYSE: LMT) will work to complete production of GPS III satellites seven and eight for the U.S. Air Force under nearly $245 million in contract options. “With eight GPS III satellites now fully under contract, the GPS III program is moving from development into recurring production,” Mark Stewart, vice president of Lockheed’s navigation systems mission area, said Tuesday. The...

Lockheed Awarded $611M to Build PAC-3 Missiles, Launcher Mod Kits

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Lockheed Martin (NYSE: LMT) will build 92 Patriot Advanced Capability-3 missiles and 50 launcher modification kits under a $610,892,663 modification awarded by the U.S. Army. The Army is obligating $873,811,534 in fiscal year 2013 and 2014 funds for work through May 31, 2016, the Defense Department said Friday. Contract work will also include production of ground equipment, tools and initial spares. Lockheed...

Paul Engola: Lockheed to Refresh Air Traffic Control System in South Korea

lockheed martin
Lockheed Martin (NYSE: LMT) has been awarded a contract to update infrastructure used to manage air traffic services at an Incheon, South Korea-based area control center. The company will work with South Korean IT services provider LG CNS to help the Incheon facility implement a new version of Lockheed’s SkyLine air traffic management system, Lockheed said Thursday. “Upgrading SkyLine in Korea...

Army Orders 13 Lockheed Target Acquisition Radars for $145M

lockheed martin
The U.S. Army will acquire 13 additional counterfire target acquisition radars from Lockheed Martin (NYSE: LMT) under a $145,921,161 contract modification. Lockheed will also provide 13 corresponding sets of on-board spares for the AN/TPQ-53 radars to the Army, the Defense Department said Thursday. Lockheed built the Q-53 to defend against adversarial mortars and rockets by detecting, classifying,...

Lockheed Awarded $700M for US, Int’l F-35 Parts

Lockheed Martin (NYSE: LMT) has been awarded a $698,032,385 U.S. Navy contract to gather parts, materials and components for 57 F-35 fighter jets that are being acquired by the U.S. and five international partners. The fixed-price-incentive, firm target, advanced acquisition contract covers work on low rate initial production lot 9 through May 2015 and the full funding amount is being obligated at...

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