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...

Lockheed Acquires Energy Storage, Conversion Tech Maker Sun Catalytix

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Lockheed Martin (NYSE: LMT) has acquired Cambridge, Massachusetts-based energy storage and conversion technology maker Sun Catalytix Corp. for an undisclosed sum. Sun Catalytix will operate as a subsidiary within Lockheed’s missiles and fire control business area and will do business under the name Lockheed Martin Advanced Energy Storage LLC, Lockheed said Monday. Twenty-five Sun Catalytix...

Navy Selects Lockheed Exoskeletons for Testing, Evaluations; Adam Miller Comments

lockheed martin
Lockheed Martin (NYSE: LMT)-built industrial exoskeletons have been chosen through the National Center for Manufacturing Sciences for a U.S. Navy evaluation under a contract of an undisclosed amount. FORTIS exoskeletons work to transfer the weight of loads from the operator’s body to the ground in order to boost the user’s strength and endurance, Lockheed Martin said Monday. “By wearing the...

Tory Bruno Joins United Launch Alliance as President, CEO; Rick Ambrose, Craig Cooning Comment

Tory-Bruno
Tory Bruno Tory Bruno, formerly vice president and general manager of strategic and missile defense systems at Lockheed Martin (NYSE: LMT), has joined the United Launch Alliance as president and CEO. Bruno succeeds Michael Gass, who has retired after eight years of service as president and CEO of the joint venture owned by Boeing (NYSE: BA) and Lockheed, ULA said Tuesday. “We’re grateful for...

Lockheed Names Brian Colan Chief Accounting Officer

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Brian Colan, vice president and controller of Lockheed Martin‘s (NYSE: LMT) electronic systems and missiles and fire control segments, has been appointed to the roles of VP, controller and chief accounting officer. The company said Tuesday Colan, who will start in the new roles Aug. 18, will be responsible for the company’s financial planning and analysis, accounting, taxation and similar...

Lockheed Awarded Potential 3-Year Extension for NASA Johnson Center Services

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Lockheed Martin has been awarded a potential three-year, $34.6 million contract extension to continue helping to operate NASA’s Johnson Space Center in Houston. The extension contains a two-year base period that covers work between Oct. 1 and Sept. 30, 2016 and a one-year option that would extend work to Sept. 30, 2017, NASA said Friday. The cost-plus-award fee with baseline, level of effort,...

DSCA Details Potential $1B in Missile, Helicopter Service Deals for Iraq

Contract
The State Department has approved two foreign military sales agreements with Iraq worth more than $1 billion combined that cover Lockheed Martin-built (NYSE: LMT) defense equipment and logistics support for the country’s rotorcraft from Bell Helicopter. The Defense Security Cooperation Agency said Tuesday that Iraq has asked to buy 5,000 Lockheed-made AGM-114K/N/R Hellfire missiles, other...

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...