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...

Marillyn Hewson: Lockheed Seeks to Complement Intell Sharing Tech Portfolio With Zeta Associates Buy

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has agreed to purchase Zeta Associates, a data-exchange technology provider to the defense and intelligence sectors, for an undisclosed amount. “Zeta Associates’ expertise in cross-platform information collection, analysis and dissemination is an ideal complement to our national security capabilities,” Marillyn Hewson, Lockheed president...

Dale Bennett: Sikorsky-Lockheed Team to Build AF Helicopter Replacement

Helicopter Radar
A team of Sikorsky and Lockheed Martin (NYSE: LMT) team has won a potential .9 billion U.S. Air Force contract to build the branch’s next Combat Rescue Helicopter, Defense News reported Thursday. Marcus Weisgerber writes the team will build 112 Sikorsky Black Hawks equipped with Lockheed mission systems as replacement for the HH-60G Pave Hawks under the potential $7.9 billion contract. “We...

Air Force Awards Lockheed $2B for Missile Warning Satellite Production

lockheed martin
The U.S. Air Force has awarded a $1.86 billion fixed-price contract to Lockheed Martin (NYSE: LMT) for work to complete production of two satellites as part of a system designed to give early warnings of ballistic missile launches. Lockheed said Tuesday that the Space Based Infrared System is intended to have a mix of company-built Geosynchronous Earth Orbit satellites, hosted payloads in a highly...

Steve O’Bryan Named Lockheed VP of Strategy and BD; Paul Lemmo Comments

lockheed martin
Steve O’Bryan Steve O’Bryan has been appointed vice president of strategy and business development at Lockheed Martin [NYSE:LMT] where he succeeds Rick Kirkland, effective June 30, Lockheed said Tuesday. Also, Jack Crisler will help lead Lockheed’s F-35 program as he succeeds O’Bryan as VP of BD and strategic integration, the company said. “In their new roles, they will...

Jason Seibel: Justice Dept Taps Lockheed Subsidiary for Occupational Health Assessment Work

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A Lockheed Martin (NYSE: LMT) subsidiary has won a five-year contract to provide medical and vocational assessment services for a public safety worker benefits program run by the Justice Department. QTC will assess the health records, functional capacity and employability skills of eligible members under the Public Safety Officers’ Benefits initiative, Lockheed said Monday. “We are honored...