Lockheed Martin's (NYSE: LMT) space business has secured a $108.8M contract modification to manufacture and support Trident II missiles for the U.S. Navy. The award exercised options under an existing contract for Trident II D5 production and systems support services, the Department of Defense said Monday.

Paul Lemmo, vice president of integrated warfare systems and sensors at Lockheed Martin (NYSE: LMT), has been promoted to president of the aerospace and defense contractor’s Sikorsky subsidiary, Inside Defense reported Wednesday. Lemmo will succeed the retiring Dan Schultz, a 14-year Lockheed veteran, in January.

TYSONS CORNER, VA, November 13, 2020 — Lockheed Martin looks to promote careers in science, technology, engineering and mathematics to high school students through the company's sponsorship of the U.S. Air Force Association's StellarXplorers space systems engineering challenge, Executive reported Nov. 6.

The Senate Appropriations Committee wants the U.S. Space Force to assess the potential gap in strategic communications as the service proposes budget cuts to the Evolved Strategic Satellite Communications program and plans to push back the planned replacement of Advanced Extremely High Frequency satellites with ESS satellites to 2032, Breaking Defense reported Wednesday.

Lockheed Martin (NYSE: LMT) has been awarded a $258.3M contract to develop and demonstrate a prototype of the U.S. Space Force's Evolved Strategic Satellite Communication payload.

Lockheed Martin (NYSE: LMT) has been awarded a potential $339.3M other transaction agreement to help the U.S. Army develop, integrate and test a ground-launched missile prototype to address a mid-range capability gap found during the service branch's fiscal 2020 strategic fires study.

Lockheed Martin’s (NYSE: LMT) rotary and mission systems business has received a potential $724M contract from the Missile Defense Agency to provide lifecycle engineering and development support for the Aegis ballistic missile defense system.

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a potential $194M contract modification to build four MH-60R Seahawk maritime helicopters for Greece under a foreign military sales agreement.

Judy Lewis, former vice president of business development at Raytheon Technologies (NYSE: RTX), has been named VP for strategy at nonprofit research and development company SRC.