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Tag Archives: Lockheed Martin

Lockheed-Raytheon JV Gets $95M Javelin Weapon FMS Contract Modification

A Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) partnership will supply Javelin weapon equipment to six foreign military sales clients under a $94.9 million contract modification from the U.S. Army. The Javelin Joint Venture will deliver rounds, command launch units and battery coolant unit spares for the anti-armor missile system, the Defense …

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State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

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Lockheed Named in State Dept-Approved Sale of Mk 41 VLS to Finland

TYSONS CORNER, VA, Feb. 22, 2018 — Lockheed Martin (NYSE: LMT) has been named as a principal contractor on a potential $70 million U.S. foreign military sale of shipborne vertical launching systems, equipment and associated support services to Finland, ExecutiveBiz reported Wednesday. The Defense Security Cooperation Agency said Tuesday the State Department …

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State Dept OKs $1.2B Apache Helicopter Upgrade Equipment, Services Sale to Netherlands

The State Department has approved the Dutch government’s request to procure from the U.S. government equipment and services to support upgrades to AH-64D Block II Apache attack helicopters under a potential $1.2 billion foreign military sales agreement. Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will serve as principal contractors in the proposed …

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Report: Japan Mulls Additional F-35A Fighter Jet Procurement

Japan plans to purchase over 20 additional Lockheed Martin-built (NYSE: LMT) F-35A fighter jets from the U.S. in the next six years, Reuters reported Tuesday. Sources said the East Asian country may directly procure F-35A conventional takeoff and landing variant from the U.S. for approximately $100 million each through a transaction …

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General Atomics Unit to Supply Batteries for SOCOM’s Lockheed-Built Dry Combat Submersibles

TYSONS CORNER, VA, Feb. 20, 2018 — A General Atomics business unit has provided its Lithium-ion Fault Tolerant battery technology to power the Dry Combat Submersible platform that Lockheed Martin (NYSE: LMT) is building for the U.S. Special Operations Command, ExecutiveBiz reported Friday. Lockheed awarded a contract to General Atomics Electromagnetic Systems to build and …

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Navy Awards FFG(X) Frigate Conceptual Design Contracts to 5 Firms

The U.S. Navy has awarded five companies contracts to come up with a conceptual design of the service’s future guided missile frigate. The Naval Sea Systems Command received six proposals for the firm-fixed-price contracts as part of the FFG(X) ship program, the Defense Department said Friday. NAVSEA selected Austal, Fincantieri Marinette …

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Lockheed Martin Eyes 1,800 New Jobs Amid Expansion in Orlando, Florida

TYSONS CORNER, VA, Feb. 16, 2018 — Lockheed Martin (NYSE: LMT) has started the construction of a new $50 million, 255,000-square-foot facility in Florida that will house research and development, program management and engineering operations for the missiles and fire control business, ExecutiveBiz reported Thursday. The company said Wednesday the future Research & …

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Lockheed Martin Marks 400th Delivery of C-130J Transport Aircraft

TYSONS CORNER, VA, Feb. 14, 2018 — Lockheed Martin (NYSE: LMT) has completed 400 deliveries of its C-130J Super Hercules aircraft, with the latest sent to the U.S. Air Force for deployment with the Air Force Special Operations Command, ExecutiveBiz reported Tuesday. The company said Monday the military transport plane sent to …

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Air Force Begins GPS III Phase 2 Production Contract Solicitation

The U.S. Air Force has issued a request for proposals for the second phase of a program that seeks to procure 22 GPS III satellites. A FedBizOpps notice posted Tuesday says the service will award a fixed-price-incentive contract to build the GPS III space vehicles and expects production work to …

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