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Tag Archives: Lockheed Martin

State Dept. Approves $5.4B Saudi PAC-3 Missiles Sale

PatriotMissile

Saudi Arabia has placed an order for Patriot Advanced Capability-3 missiles, equipment and associated services by Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) through a $5.4 billion foreign military sales deal with the U.S. government. The State Department cleared the possible sale of 600 PAC-3s plus test missiles, telemetry ...

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Wyle Laboratories Lands $1.44B Biomedical Research, Health Support Contract With NASA

Wyle logo

Wyle Laboratories has been awarded a potential 10-year, $1.44 billion contract to provide occupational health and biomedical research services for all spaceflight platforms at NASA’s Houston-based Johnson Space Center. NASA said Wednesday the contract covers support for the space agency’s human health and performance directorate at Johnson, which oversees health ...

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GKN to Acquire Dutch Aircraft Manufacturer Fokker for $780M

acquisition, merger

GKN has agreed on the estimated $779.6 million acquisition of Arle Capital‘s Fokker Technologies company as part of GKN’s efforts to establish its business as a global supplier to the aerospace sector. GKN said Tuesday its aerospace business will absorb Fokker as an operating unit following the close of the acquisition scheduled ...

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July 27 Market Close: GovCon Index, US Stocks Dip After China Market Losses

GovConIndexDOWN

The GovCon Index fell into negative territory for the fifth consecutive trading session Monday with a loss of 0.681 points to close at 74.202. Data that showed industrial profits declined in China during June sent that country’s stock markets to losses for that country’s Monday session and U.S. stocks responded in turn ...

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Lockheed Lands Upgrade Work on Navy Shipboard EW System

lockheed martin

TYSONS CORNER, VA July 27, 2015 — ExecutiveBiz reported Friday on Lockheed Martin (NYSE: LMT) receiving a $154 million contract to upgrade the AN/SLQ-32 electronic sensor onboard U.S. Navy carriers, warships and cruisers. The contract includes the provision of more systems to modernize the technology suite under Block 2 of ...

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Lockheed to Provide Interceptor Missiles to Army, US Allies for $1B

PatriotMissile

Lockheed Martin (NYSE: LMT) will provide Patriot Advanced Capability-3 and PAC-3 Missile Segment Enhancement interceptor missiles to the U.S. Army and five international customers under a $1.5 billion contract in support of missile defense upgrades. The company said Friday the contract covers the production and delivery of interceptors for the Army and foreign military ...

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UK Defense Ministry Extends Lockheed Asset Tracking Tech Contract

lockheed martin

TYSONS CORNER, VA July 24, 2015 — Lockheed Martin (NYSE: LMT) will continue to provide logistics and tracking services of U.K. military parts under a new six-year, $28 million contract with the British defense ministry, ExecutiveBiz reported Thursday. Lockheed said Wednesday the company has been utilizing its James asset management ...

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Lockheed Receives $1.6B Army Foreign Sales Contract Modification for Patriot Missiles

PatriotMissile

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $1.6 billion contract modification to provide Patriot air defense systems, spares and equipment to the armed forces of South Korea, Qatar, Taiwan, United Arab Emirates and Saudi Arabia. The Defense Department said Thursday the Army obligated $1,346,328,377 in fiscal 2010 and ...

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Northrop, Lockheed, TCS Finish Information Assurance CDR for AEHF Low Cost Terminals

Satellite

TYSONS CORNER, VA July 23, 2015 — The defense contractor team of Northrop Grumman (NYSE: NOC), Lockheed Martin (NYSE: LMT) and TeleCommunication Systems (Nasdaq: TSYS) has concluded the critical design review for the information assurance elements of the Low Cost Terminal project, ExecutiveBiz reported Wednesday. Northrop said CDR completion signals ...

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Lockheed Picks Curtiss-Wright Turret Drive System for UK Reconnaissance Vehicle

Scout RV

TYSONS CORNER, VA July 20, 2015 — Lockheed Martin (NYSE: LMT) has asked Curtiss-Wright to go ahead with production of the Turret Drive Servo System for installation on the British Army’s fleet of Scout specialist vehicles, ExecutiveBiz reported Friday. Curtiss-Wright said the new $49-million contract follows an initial order worth ...

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