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

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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...

Kimberly Admire to Lead SAIC’s Human Resources Office; Tony Moraco Comments

Kimberly Admire
Kimberly Admire, formerly vice president of culture, diversity and equal opportunity programs at Lockheed Martin (NYSE: LMT), will take the chief human resources officer role at Science Applications International Corp. (NYSE: SAIC). She will succeed Brian Keenan, who served in that role since 2007, beginning Aug. 11, SAIC said Monday. “Kim brings more than 20 years of industry experience and...

Northrop, Boeing-Lockheed Bid on Potential $55B USAF Long-Range Bomber Contract

long range bomber
Northrop Grumman (NYSE: NOC) and the Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) team are bidding on a potential billion U.S. Air Force contract to build next-generation long-range strike bomber aircraft, The Motley Fool reported Sunday. Katie Spence writes that these companies are the main contenders to build 80 to 100 LRS-B aircraft at $550 million procurement cost per unit, as the Air Force...

South Korea to Partner with Lockheed on Fighter Jet Development

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South Korea is planning to buy Lockheed Martin (NYSE: LMT)-built F-35 fighters for nearly .1 billion, Reuters reported Friday. Joyce Lee writes the acquisition proposal for 40 F-35 jets is set to complete in the third quarter of 2014. South Korea’s Joint Chiefs of Staff are also pushing for an estimated $8.24 billion program to develop twin-engine fighter jets, Reuters reports. Korea Aerospace...

Ralph Acaba: Raytheon to Build Processor Kits Under Int’l Patriot Engineering Program

State Dept. photo
State Dept. photo Raytheon (NYSE: RTN) will produce radar digital processor kits for Patriot Air and Missile Defense Systems operated by the U.S. and two partner countries under a $235.5 million contract. The company said Wednesday that the full-rate production contract is intended to reduce the number of battery replaceable units from 759 to 56 and increase reliability by 40 percent. Production work...