The Navy has awarded Lockheed a cost-plus-award-fee contract for Aegis integration support Contract performance could continue through June 2036 if options are exercised The 2026 Navy Summit will examine AI, digital engineering and more Lockheed Martin has won a potential $1.38 billion contract from the U.S. Navy to provide Aegis ship integration an...
Lockheed Martin will add Ultra Maritime’s sonar, sonobuoys, torpedo defense and autonomous maritime sensing capabilities Ultra Maritime’s portfolio will strengthen Lockheed’s anti-submarine and undersea warfare offerings The acquisition will expand support for U.S. and allied naval forces Lockheed Martin has signed a definitive agr...
Lockheed Martin has landed a potential $3 billion Army contract to continue work on the Sentinel A4 radar program The award covers production and engineering services through mid-2031 Sentinel A4 is the Army’s next-generation radar built to detect a broader range of airborne and missile threats Lockheed Martin has secured a potential $3 billio...
Lockheed Martin has received a potential $35 billion contract to scale THAAD interceptor production The agreement will increase annual THAAD output from 96 to about 400 interceptors over the next seven years The award is among the first multiyear contracts issued under the War Department’s Acquisition Transformation Strategy Lockheed Martin ha...
Lockheed Martin has landed a potential $2.29 billion Navy contract to support the global F-35 fleet The company will provide sustainment services for new F-35 operating locations worldwide Lockheed will provide technical support for land-based and maritime F-35 operations Lockheed Martin has secured a potential $2.29 billion contract from the U.S. N...
Karman Space & Defense has created a new executive role to unify its IT operations and AI strategy Stefan Knighton was tapped as the company’s first chief information and artificial intelligence officer His responsibilities span AI governance, technology strategy, business systems and enterprise IT management Karman Space & Defense has...
Lockheed wins $407M boost for Guam missile defense work Award advances Pentagon’s layered defense strategy in the Pacific Aegis Guam effort supports protection against evolving missile threats Lockheed Martin has secured a $407.2 million Missile Defense Agency contract modification to continue engineering, development and certification work ti...
Lockheed Martin has named Orlando “OJ” Sanchez president of its aeronautics business, succeeding Greg Ulmer, who will retire after more than three decades with the company. The leadership transition takes effect June 1, Lockheed said Wednesday. Industry leaders like Sanchez and Ulmer will speak at the Potomac Officers Club’s 2026 A...
Lockheed Martin reported $18 billion in first quarter 2026 sales, maintaining a steady year-over-year performance driven by sustained demand for next-generation defense platforms. Net earnings totaled $1.5 billion, compared to $1.7 billion in the same period last year, the company said Thursday. What Drove Lockheed Martin’s Q1 2026 Performance? Gr...
Karman Space & Defense has named longtime Lockheed Martin executive Doug Laurendeau chief growth officer, bringing decades of strategy and business development experience to support the company’s expansion across space and defense markets. The company said Thursday Laurendeau will join its senior leadership team on May 6, succeeding Stepha...
