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Norway Eyes $1.2B Boeing Poseidon Maritime Plane Buy

Boeing P-8A Poseidon

Norway’s defense ministry looks to purchase five Boeing-developed (NYSE: BA) maritime patrol aircraft worth approximately $1.15 billion for the country’s armed forces. The ministry said Friday it plans to acquire the P-8A Poseidon for efforts to monitor the country’s oceans and offer allied civil and military authorities with a basis for decisions with …

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Reports: DoD Issues $6.1B ‘Unilateral Contract Action’ on 9th Lockheed F-35 Production Batch

F-35

The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel and Norway; 13 F-35Bs for the U.S. Marine Corps and the …

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Lockheed Awarded $743M Modification in F-35 Batch 9 Deal

F-35

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $743.2 million modification under a previously awarded advance acquisition contract for the ninth batch of F-35 fighters. The Defense Department said Monday the modification allocates additional funds to address diminishing manufacturing and material shortages for redesign and development, estimated post-production concurrency changes …

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Air Force Orders $99M in Lockheed Targeting Pods for 10 Foreign Govt Clients

Sniper pod

Lockheed Martin (NYSE: LMT) has received $99 million in delivery orders to provide Sniper Advanced Targeting Pods, spares and upgrade services to Belgium, Norway, Pakistan, Poland, Romania, Saudi Arabia, Taiwan, Thailand, Turkey and the Netherlands through the foreign military sales program. The orders come under a potential $485 million indefinite-delivery/indefinite-quantity contract the U.S. Air Force  awarded to Lockheed’s missiles and …

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Lockheed Secures Potential $421M Navy Contract For AEGIS Engineering, Maintenance Services

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Lockheed Martin‘s (NYSE: LMT) mission systems and sensors business has received a potential $421 million contract from the U.S. Navy to provide a range of services in support of the Advanced Electronic Guidance and Instrumentation System. The Defense Department said Friday the contract covers in-service combat systems engineering, computer program maintenance, annual …

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Raytheon Lands $76M Navy Contract for Sea Sparrow Missile Long Lead Items

Raytheon logo

Raytheon (NYSE: RTN) has received a $76.1 million contract from the U.S. Navy to procure long lead materials for the production of the first block of anti-ship missile defense systems for the service branch and foreign clients. The long lead materials will support the production of Evolved Sea Sparrow Missiles for …

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Lockheed Gets $1B Contract for F-35 Parts, Materials Procurement

F-35

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a four-year, $1.2 billion advance acquisition contract to obtain long-lead materials, components and parts necessary for the manufacture of low-rate initial production Lot 11 F-35s. The Defense Department said Monday that Lockheed will use the long-lead items to build 80 F-35A …

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Lockheed Awarded $5B Modification on F-35 Production Contract with Navy

F35

Lockheed Martin (NYSE: LMT) has been awarded a potential $5.4 billion contract modification to provide a total of 55 F-35 low-rate initial production fighter planes to multiple domestic and international defense customers. The award modifies a previously received LRIP Lot 9 advance acquisition contract, and about $625 million in fiscal 2016 U.S. military aircraft procurement funds …

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Lockheed Awarded $920M to Build 94 F-35s for US, Foreign Military Customers

F-35

Lockheed Martin‘s (NYSE: LMT) aeronautics business will manufacture a total of 94 F-35 Lightning II low-rate initial production fighter jets for several domestic and foreign military customers under a $920.3 million advanced acquisition contract. The Defense Department said Thursday the company will also provide parts, materials and components for the 78 F-35A, 14 …

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State Dept Clears $345M Norway Sidewinder Missile Sale

F16Fleet

The State Department has approved Norway’s request to purchase $345 million in AIM 9X Block II Sidewinder missiles and related components from the U.S. through a foreign military sales transaction. The Defense Security Cooperation Agency said Wednesday Norway plans to use the missiles to modernize its armed forces, build up its mutual defense …

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