Rob Smith: Lockheed to Help Marine Corps Update Air Mission C2 System

lockheed martin
Lockheed Martin (NYSE: LMT) has won an $18 million contract to help the U.S. Marine Corps modernize an infrastructure for planning and coordinating the military’s air combat operations. The company said Thursday it will update and maintain almost 200 integrated software applications that run on the branch’s Virtualized Theater Battle Management Core System. USMC uses the platform to collaborate...

Haden Land: Lockheed’s Newly Formed Israeli Subsidiary to Focus on Security Tech Offerings

lockheed martin
Lockheed Martin (NYSE: LMT) has created an Israel-based business unit to offer cybersecurity tools and other enterprise information technology products to customers in that country, The Wall Street Journal reported Monday. Amir Mizroch writes that Lockheed formed the Israeli subsidiary to also pursue defense contracts as well as technology partnership and investment deals. “We’re going...

Lockheed to Update Australian Military’s Processing Services for $855M; Raydon Gates Comments

lockheed martin
Lockheed Martin‘s (NYSE: LMT) Australian business arm has been awarded a potential $855.8 million contract to centralize the processing services of that country’s defense department. Peter Lawrence, the department’s chief information officer, said Wednesday that Australia has set goals for integrating “infrastructure and applications, improving the overall effectiveness...

Orlando Carvalho: Lockheed, DoD Close to Finalizing F-35 Batch 8 Deal

Orlando Carvalho
Orlando Carvalho Lockheed Martin (NYSE: LMT) and the Defense Department could settle on their negotiations for the eight batch of F-35 fighters in the coming days or weeks, Reuters reported Wednesday. Andrea Shalal writes the contract is worth an estimated more than $4 billion for the company to manufacture 43 F-35s. “We are in the endgame of the negotiation,” Orlando Carvalho, executive...

Report: US, South Korea Discuss BAE F-16 Upgrade Contract’s 2nd Phase

F16Fleet
BAE Systems could receive billion of work to upgrade 134 South Korea’s F-16 fighter jets as the U.S. and South Korean governments work to finalize the second phase of of a foreign military sales contract between both companies, Reuters reported Friday. Andrea Shalal writes that the U.S. Air Force wants to finalize the pricing and schedule of the second phase with South Korea as Seoul...

Scott Greene: Lockheed to Begin JLTV Production at Arkansas Plant

JLTV
Lockheed Martin (NYSE: LMT) will start building joint light tactical vehicles for the U.S. Army and Marine Corps at the company’s production facility in Camden, Arkansas. The Pentagon evaluated the Lockheed plant for JLTV manufacturing readiness based on schedule, performance and cost parameters, the company said Friday. “Our Camden facility is ready for production,” said Scott Greene, vice...

Report: Boeing, Lockheed Seen as Frontrunners for Canadian Fighter Contract

F-35
The government of Canada might choose between Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) to supply the nation with fighter jets, Reuters reported Thursday. Reuters reports that Boeing’s F-18 Super Hornet and Lockheed’s F-35 have been deemed as suitable platforms to meet the requirements set forth by the Canadian military. Canadian officials are considering whether to hold an industry...

Report: Air Force Could Award Long-Range Radar Contract Next Week

FireControlRadar
The U.S. Air Force is close to naming the winner of a contract to produce long-range, ground-based sensors for tracking hostile aircraft and missiles, Defense News reported Wednesday. Aaron Mehta writes that Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) are competing for the Air Force’s Three Dimensional Expeditionary Long-Range Radar development program. The...

GD Bath Iron Works Wins Potential $100M LCS Planning Yard Contract

AustalLCS
General Dynamics‘ (NYSE: GD) Bath Iron Works subsidiary has won a potential $100,418,069 contract to perform planning yard services for the U.S. Navy‘s Littoral Combat Ship program. The Navy received three offers for the cost-plus-award-fee contract and Bath Iron Works will act as the single planning yard for the LCS ships, the Defense Department said Friday. Work will encompass engineering,...

Lockheed Completes Purchase of Astrotech Space Operations Business

Satellite
Lockheed Martin has completed the purchase of the Astrotech Corp‘s space operations business, Lockheed said Monday. The acquired business will become a fully-owned Lockheed subsidiary with a presence at both Titusville, Florida and Vandenberg Air Force Base, California. According to Lockheed, the company has helped with satellite launch preparations for more than 300 missions which includes final...