Lockheed Wins $89M Modification to Provide 9 Air Force Aircraft

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year,   $10.02 billion indefinite-delivery/indefinite-quantity contract to support the military branch’s C-130J Super Hercules production effort. The sole-source contract also includes foreign military sales,  the Defense Department said Friday. DoD expects Lockheed’s aeronautics segment in Marietta, Georgia to finish contract work Aug. 18, 2026. The Air Force Life

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

The U.S. Air Force has awarded a Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture an estimated $1.5 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