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Search Results for: Lockheed Martin

Lockheed Martin Backs Competition on AI-Enabled Autonomous Drones

TYSONS CORNER, VA, September 7, 2018 — Lockheed Martin (NYSE: LMT) has partnered with the Drone Racing League to establish a competition focused on utilizing artificial intelligence to operate an unmanned aircraft system, ExecutiveBiz reported Thursday. The company said Wednesday participants in the $2M AlphaPilot Innovation Challenge will be tasked to develop an …

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VIDEO:Lockheed Martin: Army TADSS Maintenance Program

  We believe the best assets aren’t built — they’re trained. That’s why we’re leading the U.S. Army’s next major effort to maintain and sustain their global fleet of in-field training devices. Under the Army Training Aids, Devices, Simulators and Simulations Maintenance Program (ATMP), we’ll partner with the Army to …

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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 Martin’s Michele Evans Appointed Deputy EVP for Aeronautics BU; Orlando Carvalho Comments

Bethesda, Md.-based firm Lockheed Martin (NYSE: LMT) has promoted Michele Evans, an executive at its rotary and mission systems unit, to serve as the company’s deputy executive vice president for the aeronautics division starting June 4. The aerospace and defense company said Monday Evans will oversee several initiatives such as the …

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Lockheed Martin Continues F-35 Deliveries After DoD Repair Cost Agreement

TYSONS CORNER, VA, May 9, 2018 — Lockheed Martin (NYSE: LMT) has reached an agreement with the Defense Department on matters related to the cost of F-35 repairs and has resumed deliveries of the aircraft to the military, ExecutiveBiz reported Tuesday. Reuters reported Tuesday that the F-35 Joint Program Office indicated the …

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Lockheed Martin Ships Final 2 Japan-Based USAF Super Hercules Cargo Planes

TYSONS CORNER, VA, May 3, 2018 — Lockheed Martin (NYSE: LMT) has delivered the final two C-130J-30 Super Hercules military transport aircraft that will be based at the U.S. Air Force‘s Yokota Air Base in Japan in support of several regional operations, ExecutiveBiz reported Wednesday. The company said Tuesday the 36th Airlift Squadron at …

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Lockheed Martin Unveils New Florida Facility for F-35 Parts Production

TYSONS CORNER, VA, May 2, 2018 — Lockheed Martin (NYSE: LMT) has unveiled a new facility in Pinellas Park, Florida, that will house production of canopies and bulkheads for F-35 fighter aircraft, ExecutiveBiz reported Tuesday. The company said Monday the facility adds 65,500 square feet of manufacturing and office space …

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