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Tag Archives: Lockheed Martin

BGOV: Air Force to Issue $6B Pilot ‘Adversary’ Trainer Solicitation in July

The U.S. Air Force will launch final solicitations on July 27 for a potential 10-year, $6 billion contract vehicle to procure “adversary” aircraft intended for live training exercises, Bloomberg Government reported Monday. BGOV noted the service branch plans to accept bids through Aug. 28 after it releases a request for …

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Lockheed Receives $503M F-35 Spares Delivery Order Modification

Lockheed Martin (NYSE: LMT) has received a $503.2 million delivery order modification to provide F-35 air vehicle spares to the U.S. Navy, Air Force, Marine Corps and non-Defense Department participants. DoD said Friday the modification covers deployment and afloat spares packages and associated consumables needed to meet the delivery schedules for the aircraft. …

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Lockheed Picks Raytheon to Deliver New Sensor for Future F-35 Jets

TYSONS CORNER, VA, June 15, 2018 — Lockheed Martin (NYSE: LMT) has selected Raytheon (NYSE: RTN) to supply the updated Distributed Aperture System sensor technology for future F-35 fighter aircraft, ExecutiveBiz reported Thursday. DAS, which utilizes infrared cameras that work to provide imagery to pilots for increased battlespace situational awareness, will be …

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State Department OKs India’s Request for $930M in Apache Weapons, Equipment

The State Department has approved a potential $930 million foreign military sale of weapons, support equipment and services for six AH-64E Apache helicopters the Indian government intends to buy through a direct commercial sale transaction. Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), General Electric (NYSE: GE) and Longbow — a joint venture between Lockheed and Northrop …

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Lockheed to Funnel $460M Tax Reform Savings to R&D, Venture Fund, Employee Programs

TYSONS CORNER, VA, June 11, 2018 — Lockheed Martin (NYSE: LMT) aims to shift an estimated $460 million in savings the company said it generated through the recent U.S. tax reform law toward research and development as well as investments in technology startups, ExecutiveBiz reported Friday. The company said Thursday part …

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Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract

Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps. The modification allocates $74.7 million for long-lead time materials, parts, components and support …

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Lockheed Martin Ventures Eyes $100M in Tech Startup Investments

TYSONS CORNER, VA, June 8, 2018 — Lockheed Martin (NYSE: LMT) aims to utilize $100 million in savings the company says it generated through the U.S. tax reform to invest in technology startup companies via its venture capital arm, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Chris Moran, head …

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Navy Picks 6 Companies for ISR Engineering Support Contracts

Six companies have won separate potential five-year contracts to provide engineering support services for the U.S. Navy’s intelligence, surveillance and reconnaissance platforms. The Space and Naval Warfare Systems Center Pacific in San Diego received eight proposals for the cost-plus-fixed-fee contracts that have a two-year base term and one three-year option, the …

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Perspecta Announces Senior Leadership Team, Board of Directors; Mac Curtis Comments

Perspecta (NYSE: PRSP) has unveiled the members of its senior leadership team and board following its spinoff from DXC Technology (NYSE: DXC) and combination with Vencore and KeyPoint Government Solutions. Mac Curtis, president and CEO of Perspecta, will also serve on the board of the company that started trading Friday on the New …

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Executive Mosaic’s Weekly GovCon Round-Up: Platform Companies Overview, Recent Contract Wins and Top 10 Stories

Weekly Roundup May 28 – June 1, 2018 Click here to see Real-Time GovCon Sector Quotes Executive Mosaic’s Weekly GovCon Round-Up: Platform Companies Overview, Recent Contract Wins and Top 10 Stories Jim Garrettson, Executive Mosaic CEO Platform Companies: A May Overview As we look back at May, I’d like to highlight some …

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