Lockheed CEO Bob Stevens to Retire; President, COO Chris Kubasik to Succeed Jan. 1

Bob Stevens, Lockheed Martin Lockheed Martin Corp. (NYSE: LMT) announced Thursday that Chairman and CEO Bob Stevens will retire as chief executive before the end of the year and will be succeeded by President and Chief Operating Officer Chris Kubasik Jan. 1, 2013. The Bethesda, Md.-based security and aerospace contractor said Stevens will stay on as chairman through January 2014, subject to shareholder...

Boeing, Lockheed Launch Services JV Wins $1.5B Air Force Award

The U.S. Air Force has awarded a Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture an estimated .5 billion contract to provide launch services, the Pentagon announced Tuesday. United Launch Alliance‘s services subsidiary, United Launch Services, will support: three National Reconnassance Office programs two defense meteorological satellites programs an Air Force Space Command mission two...

Lockheed Wins $370M to Test Orion Vehicle for NASA

Lockheed Martin Corp. (NYSE: LMT) has secured a 0 million sole source contract from NASA to perform a test flight of Lockheed’s Orion crew vehicle, NextGov reports. NASA issued a justification notice for the contract Thursday, saying only Lockheed could fulfill the space agency’s requirements for the test flight. NASA said the test would evaluate vehicle parts that pose high risks to both...

Army Dishes Out $250M to Contractors for Cloud Services

The U.S. Army has awarded a 9.8 million firm-fixed-price contract for cloud computing services to a group of contractors in support of the Army’s program executive office for enterprise information systems, the Pentagon announced Thursday. Winning companies include: Lockheed Martin Corp. (NYSE: LMT) IBM Corp. (NYSE: IBM) HP Enterprise Services (NYSE: HP) General Dynamics (NYSE: GD) Northrop...

Lockheed Shareholders to Vote on Separating CEO, Chairman Duties

In a Dec. 19 filing with the Securities and Exchange Commission, Lockheed Martin Corp. (NYSE: LMT) indicated it has received several proposals from its shareholders for the company to separate the roles of CEO and chairman of the board of directors. Robert Stevens currently holds both positions at the company. Company shareholders will now vote on the measure at an annual spring meeting, as at least...

Lockheed to Receive $1.96B in UAE Missile Interceptor Deal

Lockheed Martin (NYSE: LMT) has confirmed a foreign military sales agreement reported last week by Bloomberg, announcing it has won a .96 billion contract to supply two Terminal High Altitude Area Defense weapon systems to the U.S. Missile Defense Agency. Lockheed said in its release it will provide the THAAD weapon systems and maintenance and support equipment under an agreement between the U.S....

Lockheed Wins $738M for F-35 Production

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) nearly 8 million in contract modifications for low rate initial production of the F-35 Joint Strike Fighter, according to a Pentagon announcement. $485 million for production lot five, including special test equipment and subcontractor technical assistance. This work is expected to be completed in December 2013. $253 million for production lot...

Lockheed Wins $7.4B F-22 Raptor Support IDIQ

The U.S. Air Force has awarded Lockheed Martin Corp. (NYSE: LMT) a not-to-exceed .4 billion indefinite-delivery/indefinite-quantity contract to support the Air Force’s F-22 Raptor program. Lockheed will develop upgrades, incorporate new requirements, add capabilities and boost performance of the aircraft, according to a Defense Department release. Wright-Patterson Air Force Base, Ohio, is the...

Lockheed Wins $513M Vehicle Optic Sensor Systems IDIQ

The U.S. Navy has awarded Lockheed Martin‘s (NYSE: LMT) gyrocam systems company one of two commercial contracts to provide up to 951 vehicle optic sensor systems for use in Afghanistan and the continental U.S. Lockheed will compete for orders that also will include spare parts, maintenance, sustainment, training and provisional technical data. The maximum dollar value for the firm-fixed-priced,...

Lockheed Wins $841M Award to Enhance Sensors on Air Force Sniper Pod

The U.S. Air Force has awarded Lockheed Martin‘s (NYSE: LMT) missiles and fire control business unit an 1.5 million firm-fixed-price contract to enhance sensors as part of hardware and software upgrades to the Sniper pod. Lockheed will also provide: associated host platform integration technical manual and technical orders repair data studies and spares recapitalization standup of organic depot...