Lockheed Martin’s four operational prototype Joint Light Tactical Vehicles (JLTVs): one of vehicle categories A (“Battlespace Awareness” scouts) and C (“Focused Logistics” utility vehicles), and two variants of the Category B model (“Force Application” troop carriers), have exceeded 50, 000 combined miles of successful testing. To simulate operational conditions, the prototypes undergo 2, 000 miles of off-road testing every week.
Lockheed Martin (NYSE: LMT) has secured a $524.1 million contract modification from the U.S. Navy to obtain long-lead items, components and support services needed to build the 15th and 16th batches of F-35 aircraft for the Italian military. The procurement funds are for equipment and efforts required for manufacturing 14 units of the aircraft’s conventional
Booz Allen Hamilton (NYSE: BAH) said its move to acquire cybersecurity firm EverWatch would allow it to secure “billions of dollars” worth of contracts and compete with rival contractors such as Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX), Defense News reported Monday. In March, Booz Allen agreed to buy EverWatch as part of
The United Arab Emirates has asked to procure Terminal High Altitude Area Defense systems, manufactured by Lockheed Martin (NYSE: LMT), from the U.S. government under a potential $2.245 billion foreign military sales deal cleared by the State Department. UAE’s procurement request includes 96 THAAD missile rounds along with four launch control and tactical operations terminals,