Hello, Guest!
  • Wednesday, April 24, 2024

Lockheed Picks Up Lucrative Radar Deal from Navy

Lockheed Martin (NYSE: LMT) won a $119 million contract to present conceptual designs for the Air and Missile Defense Radar (AMDR) for the purpose of enhancing the Navy’s future defense against anti-ship and ballistic missile threats.

“Lockheed Martin’s AMDR design provides a high-performance radar suite capable of supporting simultaneous multi-mission operations in stressing environments, balanced with affordable lifecycle costs, ” said Carl Bannar, vice president of radar systems. “Our team has developed an open-architecture and modular design that has matured technologies through significant investment by our company and the Navy.”

Video of the Day

Related Articles

Jacobs Intends to Adopt Holding Company Structure Industry News

Jacobs Intends to Adopt Holding Company Structure

Jacobs (NYSE: J) will adopt Jacobs Solutions as its new corporate name as part of a plan to implement a holding company structure on Aug. 29. Common stock of Jacobs Solutions will trade on the New York Stock Exchange under the ticker symbol “J” on an uninterrupted basis, the company said Friday. Jacobs said the

KnightSwan SPAC IPO Aims to Raise $200M Industry News

KnightSwan SPAC IPO Aims to Raise $200M

KnightSwan Acquisition has put a $10 price tag on shares for its initial public offering and expects to raise $200 million. The special purpose acquisition company intends to sell 20 million units that will trade Friday under the symbol “KNSW.U” on the New York Stock Exchange, KnightSwan said Thursday. New York-based KnightSwan offered its book-running

IBM Spinoff Kyndryl to Begin Trading on NYSE; Arvind Krishna Quoted Technology

IBM Spinoff Kyndryl to Begin Trading on NYSE; Arvind Krishna Quoted

Kyndryl is set to kick off trading Thursday, Nov. 4, on the New York Stock Exchange under the ticker symbol “KD” following the completion of the managed infrastructure services business’ separation from IBM (NYSE: IBM). IBM said Wednesday its stockholders will get a share of common stock in the spinoff company for every five shares