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Lockheed, BAE Vet DeEtte Gray to Head CACI’s US Operations; Ken Asbury Comments

DeEtte Gray, formerly president of the intelligence and security sector at BAE Systems’ U.S. subsidiary, has joined CACI International (NYSE: CACI) as president of U.S. operations. CACI said Monday that she succeeds John Mengucci and will oversee the Arlington, Virginia-based government services contractor’s operations business groups in the U.S. with a focus on organic growth …

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Navy Issues $138M Modification on Lockheed’s Lot 9 F-35 Production Contract

Lockheed Martin‘s (NYSE: LMT) aeronautics business unit has received a $137.8 million contract modification from the U.S. Navy to fund cost reduction efforts for the low-rate initial production of lot 9 F-35s. The Defense Department said Friday that the full obligated amount at the time of award is from fiscal 2016 …

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Lockheed’s Sikorsky Lands Army Contract for Black Hawk Tail Rotor Blade Repairs

TYSONS CORNER, VA, May 19, 2017 — Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary will provide tail rotor blade repairs in support of the U.S. Army‘s UH-60 Black Hawk helicopters under a $37.6 million contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday Sikorsky received $18.4 million in initial funds to work on 381 helicopter tail rotor …

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Report: Saudi Arabia, Lockheed Seal $6B Deal for Modified Littoral Combat Ships

Saudi Arabia and Lockheed Martin (NYSE: LMT) have closed on a $6 billion contract for the Bethesda, Maryland-based defense contractor to deliver four modified versions of Littoral Combat Ships, Bloomberg reported Friday. The deal for Multi-Mission Surface Combatant Ships comes as President Donald Trump heads to the Middle Eastern country as part …

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MDA Increases Lockheed THAAD Field Support IDIQ Ceiling by $112M

Lockheed Martin (NYSE: LMT) has received a potential $112.2 million contract modification from the Missile Defense Agency to continue to provide field support services for the Terminal High Altitude Area Defense system. The modification increases the ceiling value of a previously awarded indefinite delivery/indefinite quantity contract from $449 million to $561.2 million, the Defense Department said Thursday. …

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NJ, Virginia Police to Use Lockheed-Built Small UAS for Search & Rescue Ops

TYSONS CORNER, VA, May 12, 2017 — The Lockheed Martin-built (NYSE: LMT) Indago small unmanned aircraft system will be deployed by law enforcement agencies in New Jersey and Virginia to support search-and-rescue operations for people with special needs, ExecutiveBiz reported Thursday. Lockheed said Wednesday the New Jersey and Virginia sheriff’s offices plan to pair …

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Lockheed, Cobham Vet Angie Casper Named LMI SVP, Chief HR Officer

Angie Casper, a 25-year human resources professional, has joined LMI as a senior vice president and chief HR officer at the Tysons, Virginia-based nonprofit government consulting services contractor. LMI said Wednesday she will oversee efforts to integrate HR strategies and processes with the company’s strategic plan as well as manage career development programs. …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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Lockheed Martin Holds Autonomous, Unmanned Tech Demonstration

TYSONS CORNER, VA, May 11, 2017 — Lockheed Martin (NYSE: LMT) has showcased several unmanned and autonomous technologies during a media event at its missiles and fire control facility in Texas, ExecutiveBiz reported Wednesday. The company said Tuesday technologies included in the demonstration are the Indago quadrotor unmanned aircraft system, Hydra Fusion …

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Lockheed, Leonardo Unveil 1st F-35B Assembled in Italy

TYSONS CORNER, VA, May 8, 2017 — Lockheed Martin (NYSE: LMT), Leonardo and Italy’s defense ministry have rolled out the first short-takeoff/vertical-landing variant of the F-35 fighter jet assembled outside the U.S., ExecutiveBiz reported Friday. Lockheed said Friday it works with Leonardo to operate the Italian government-owned F-35 final assembly and …

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