Report: Lockheed, Other Nuclear Tech Companies See Future Abroad; Michael Syring Comments

Michael Syring
Michael Syring Defense contractors have started taking their nuclear business abroad as global demand for cleaner energy continues to grow, the Dallas Morning News reported Monday. James Osborne writes the United States and other countries have begun to shun nuclear power in favor of natural gas, shifting nuclear technology companies’ focus on other economies currently reassessing the benefits of...

Kimberly Admire to Lead SAIC’s Human Resources Office; Tony Moraco Comments

Kimberly Admire
Kimberly Admire, formerly vice president of culture, diversity and equal opportunity programs at Lockheed Martin (NYSE: LMT), will take the chief human resources officer role at Science Applications International Corp. (NYSE: SAIC). She will succeed Brian Keenan, who served in that role since 2007, beginning Aug. 11, SAIC said Monday. “Kim brings more than 20 years of industry experience and...

Northrop, Boeing-Lockheed Bid on Potential $55B USAF Long-Range Bomber Contract

long range bomber
Northrop Grumman (NYSE: NOC) and the Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) team are bidding on a potential billion U.S. Air Force contract to build next-generation long-range strike bomber aircraft, The Motley Fool reported Sunday. Katie Spence writes that these companies are the main contenders to build 80 to 100 LRS-B aircraft at $550 million procurement cost per unit, as the Air Force...

South Korea to Partner with Lockheed on Fighter Jet Development

lockheed martin
South Korea is planning to buy Lockheed Martin (NYSE: LMT)-built F-35 fighters for nearly .1 billion, Reuters reported Friday. Joyce Lee writes the acquisition proposal for 40 F-35 jets is set to complete in the third quarter of 2014. South Korea’s Joint Chiefs of Staff are also pushing for an estimated $8.24 billion program to develop twin-engine fighter jets, Reuters reports. Korea Aerospace...

Ralph Acaba: Raytheon to Build Processor Kits Under Int’l Patriot Engineering Program

State Dept. photo
State Dept. photo Raytheon (NYSE: RTN) will produce radar digital processor kits for Patriot Air and Missile Defense Systems operated by the U.S. and two partner countries under a $235.5 million contract. The company said Wednesday that the full-rate production contract is intended to reduce the number of battery replaceable units from 759 to 56 and increase reliability by 40 percent. Production work...

Lockheed Buys Thin Film Coating Maker Deposition Sciences

Thin-Film-Coating
Lockheed Martin (NYSE: LMT) has purchased Deposition Sciences, a subsidiary of Advanced Lighting Technologies that manufactures optical thin film coatings for the defense and commercial industries. Investment banking firm Headwaters MB said Monday that it advised ADLT through the process and secured Lockheed as a buyer. Lockheed plans to integrate DSI into the aeronautics business. The parties...

Lockheed Awarded $212M to Maintain Army’s Air Defense Missiles

lockheed martin
Lockheed Martin (NYSE: LMT) has been awarded a $212 million contract to support the U.S. Army aviation and missile command’s air defense missile systems. Lockheed will provide maintenance and surveillance services for the Patriot Advanced Capability-3 out of its facilities across the U.S., the company said Monday. Lockheed will deliver similar services to international PAC-3 clients from its missile...

Chris Bogdan: F-35 Industry Partners to Make ‘Upfront Investment’ Under Cost Reduction Deal

F35
Lockheed Martin (NYSE: LMT) and its two primary industry partners in the F-35 program have signed an agreement with the Defense Department to develop strategies aimed at reducing F-35′s production costs. The Blueprint for Affordability deal aims to bring the “fifth-generation” fighter aircraft program at a “fourth-generation” price point by the end of the decade, Lockheed...

Northrop Switches With BAE for Prime Contractor Role in AF T-X Trainer Bid

Contract
Northrop Grumman (NYSE: NOC) has taken the prime contractor role in its joint bid with BAE Systems for the potential billion U.S. Air Force T-X trainer contract, Breaking Defense reported Monday. Colin Clark writes Northrop will now lead its partnership BAE, L-3 Link Simulation & Training and Rolls-Royce as they offer BAE’s Hawk trainer jet for the Air Force’s 350-plane program. “The...

Northrop Awarded $3.6B to Build 25 Navy Hawkeye Aircraft

northrop Grumman_BLUE
Northrop Grumman Corp. (NYSE: NOC) has been awarded a $3.6 billion multiyear contract to build a new batch of Hawkeye aircraft for the U.S. Navy. Northrop will work to build 25 new E-2D Advanced Hawkeyes and incorporate a rotating rotodome and four vertical stabilizer tail configuration into the aircraft for surveillance operations, Northrop said Monday. Navy Capt. John Lemmon, program manager of...