Pentagon Details Possible Lockheed, Boeing South Korea Jet Sales

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Defense Department photo The Defense Department has outlined how potential sales of new fighter jets to South Korea would occur depending on which jet the country selects, Defense News reports. Aaron Mehta reports Lockheed Martin (NYSE: LMT) is offering its F-35 Joint Strike Fighter, Boeing (NYSE: BA) is proposing its F-15SE Silent Eagle and Eurofighter is submitting its Typhoon for consideration. Mehta...

Northrop To Integrate B-2 Electronic Warfare System; Lauren Stevens Comments

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Northrop Grumman (NYSE: NOC) has won a contract to continue developing an electronic warfare system for the U.S. Air Force‘s B-2 bomber. The Air Force awarded the potential three-year contract to update the bomber’s defensive management system with a new Lockheed Martin-made (NYSE: LMT) avionics graphics processor and antennas made by L-3 Communications (NYSE: LLL) and Ball Aerospace and...

Lockheed Selects BAE to Make THAAD Seekers; Barry Yeadon Comments

Missile Defense Agency photo BAE Systems has won million in contract funds from Lockheed Martin (NYSE: LMT) to produce infrared seekers for a ballistic missile defense system, BAE announced Tuesday. BAE will produce 143 seekers for the Terminal High Altitude Area Defense program, for which Lockheed is the prime contractor (click here for our coverage of recent THAAD awards). The seeker “detects...

Lockheed Reports 4% Higher Electronic Systems Sales for 3Q 2012

Lockheed Martin (NYSE: LMT) has announced financial results for its fiscal year 2012 third quarter ended Sept. 30, 2012, reporting a four percent increase in net sales for the electronic systems segment from the prior year period. The company reported $3.81 billion in net sales for that segment during 2012′s third quarter, compared to $3.66 billion for the prior year period. Lockheed attributed...

Boeing, Lockheed, Northrop JV Primes on Proposed $1.4B Indonesia Apache Sale

Indonesia has submitted a $1.42 billion foreign military sales proposal to the U.S. government, asking to purchase 8 Apache helicopters, equipment and related support services. According to the U.S. Defense Security Cooperation Agency, prime contractors are: Boeing (NYSE: BA) Lockheed Martin (NYSE: RTN) Longbow, a joint venture of Northrop Grumman (NYSE: NOC) and Lockheed Raytheon (NYSE: RTN) These...

Lockheed to Compete on $23B Army Enterprise Logistics Program; June Shrewsbury Comments

Lockheed Martin (NYSE: LMT) will compete to provide the U.S. Army maintenance operations, supply support and transportation services on a contract vehicle potentially worth $23 billion to all awardees. The company said the Army uses the five-year Enhanced Army Global Logistics Enterprise program to acquire equipment transportation and maintenance services, stock inventory tracking and equipment shelf...

Lockheed Reports 5.25% 2Q Profit Gain As Sequestration Looms; Bob Stevens Comments

Lockheed Martin (NYSE: LMT) announced financial results for its fiscal year 2012 second quarter, reporting a 5.25 percent increase in net earnings over the prior year period. The company also reported $1.2 billion in quarterly total consolidated operating profit, a 20.8 percent increase over the $993 million reported in the fiscal 2011 second quarter. The company’s aeronautics, electronic systems...

Lockheed Aegis Ashore Engineering Contract Now $197M

Lockheed Martin’s (NYSE: LMT) contract to provide engineering services to the Missile Defense Agency for the Aegis Ashore program now has a maximum value of $197,413,781. The Defense Department said the company’s mission systems and sensors business will continue to provide phase 2B engineering for a host nation’s skids and skids accessories until Oct. 31, 2013. MDA will spend $6,889,542...

Lockheed Wins $111M For Navy, Marines, AF Training And Engineering

Lockheed Martin Corp. has won a $111,612,964 contract modification to provide training and aircraft maintenance services to the Navy, Marine Corps and Air Force. The Defense Department said the company will also manage technical data and perform engineering projects for those three military branches under the advanced acquisition contract. Sixty percent of the work will occur at Eglin Air Force Base,...

Lockheed Wins $454M For DoD Cyber Crime Forensics; Gerry Fasano Comments

Lockheed Martin Corp. (NYSE: LMT) has won a potential $454 million task order to provide digital forensics and analysis to the Defense Department for combating cyber crime. The company said it received the task order from the General Services Administration’s Federal Systems Integration and Management Center, through the Alliant contract vehicle. Technical, functional and managerial support...