Lockheed Receives New Navy Order for Electronic Warfare Upgrades; Joe Ottaviano Comments

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Lockheed Martin (NYSE: LMT) has won a $147 million contract to upgrade the electronic warfare systems of U.S. Navy warships such as destroyers, aircraft carriers and cruisers under Block 2 of the Surface Electronic Warfare Improvement Program. This initial production contract, wherein the Navy has ordered 14 systems for its fleet as upgrade to the AN/SLQ-32(V)2 system, is a follow-on to a 2013...

Lockheed Awarded $828M Modification on Navy Trident II Contract

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Lockheed Martin‘s (NYSE: LMT) space systems division has secured a contract modification potentially worth $828.4 million to provide the U.S. Navy with additional Trident II missiles and associated support services. The modification also covers life extension development and production and deployed systems support work to be performed in various sites, including California, Florida, Utah...

State Dept OKs Poland’s $500M Buy of Lockheed Missiles, F-16 Flight Plan Updates

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Poland has asked to buy at least 40 Lockheed Martin (NYSE: LMT) Joint Air-to-Surface Standoff Missiles and F-16 operational flight plan support services from the U.S. under a potential $500 million foreign military sale approved by the State Department. The Defense Security Cooperation Agency said Friday that the company could also supply two live and two inert AGM-158A JASSMs with test...

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

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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

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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

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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

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BAE Systems could receive $1 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...