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Search Results for: Lockheed

Air Force Awards Lockheed $1.1B F-16 Block 70 FMS Contract

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential $1.12 billion contract to build 16 F-16 Block 70 jets for Bahrain’s air force. Lockheed will receive $551,027,050 in foreign military sales funds at the time of award and perform work at the company’s facilities in South Carolina and Texas through …

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Lockheed to Help Extend Army Tactical Missile Service Life Under $365M Contract

Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has received a potential $364.6 million contract to support service-life extension work on a guided missile and launch assemblies for the U.S. Army and Romania. Work under the domestic and foreign military sales contract will run through March 26, 2020, the Defense Department said …

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Lockheed Receives $503M F-35 Spares Delivery Order Modification

Lockheed Martin (NYSE: LMT) has received a $503.2 million delivery order modification to provide F-35 air vehicle spares to the U.S. Navy, Air Force, Marine Corps and non-Defense Department participants. DoD said Friday the modification covers deployment and afloat spares packages and associated consumables needed to meet the delivery schedules for the aircraft. …

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Lockheed Picks Raytheon to Deliver New Sensor for Future F-35 Jets

TYSONS CORNER, VA, June 15, 2018 — Lockheed Martin (NYSE: LMT) has selected Raytheon (NYSE: RTN) to supply the updated Distributed Aperture System sensor technology for future F-35 fighter aircraft, ExecutiveBiz reported Thursday. DAS, which utilizes infrared cameras that work to provide imagery to pilots for increased battlespace situational awareness, will be …

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Lockheed to Funnel $460M Tax Reform Savings to R&D, Venture Fund, Employee Programs

TYSONS CORNER, VA, June 11, 2018 — Lockheed Martin (NYSE: LMT) aims to shift an estimated $460 million in savings the company said it generated through the recent U.S. tax reform law toward research and development as well as investments in technology startups, ExecutiveBiz reported Friday. The company said Thursday part …

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Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract

Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps. The modification allocates $74.7 million for long-lead time materials, parts, components and support …

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Lockheed Martin Ventures Eyes $100M in Tech Startup Investments

TYSONS CORNER, VA, June 8, 2018 — Lockheed Martin (NYSE: LMT) aims to utilize $100 million in savings the company says it generated through the U.S. tax reform to invest in technology startup companies via its venture capital arm, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Chris Moran, head …

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Lockheed Lands $558M Navy Contract for Lot 11 F-35 Sustainment Support

Lockheed Martin (NYSE: LMT) has received a potential $558.3 million contract from the U.S. Navy to provide sustainment services to support the low-rate initial production of lot 11 F-35 Lightning II fighter jets. The Defense Department said Thursday the sustainment support contract includes training facilities and devices, Autonomic Logistics Information System software …

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Lockheed Gets $282M Modification on Army PAC-3 Support Center Services Contract

Lockheed Martin (NYSE: LMT) will help in the post-production efforts of the Patriot Advanced Capability-3 missile support center under a $282 million contract modification from the U.S. Army. Work will run through May 19, 2019, and will support local clients and foreign military sales customers Germany, Japan, Kuwait, Netherlands, Qatar, Saudi Arabia, …

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Lockheed Completes Launch Environment Tests on Air Force AEHF-5 Satellite

TYSONS CORNER, VA, May 23, 2018 — Lockheed Martin’s (NYSE: LMT) fifth Advanced Extremely High Frequency satellite has completed a series of launch environment tests in preparation for its delivery to the U.S. Air Force in 2019, ExecutiveBiz reported Tuesday. The company said Monday it performed a 39-day thermal vacuum …

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