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Lockheed Previews Future $50M Facility at Orlando Campus in Push for Expansion

TYSONS CORNER, VA, February 7, 2019 — Lockheed Martin (NYSE: LMT) has unveiled an upcoming $50M facility at its campus in Orlando as the company moves to expand its workforce and meet requirements for a series of defense contracts, ExecutiveBiz reported Wednesday. Orlando Sentinel reported Tuesday that the 250K-square-foot building is …

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Rick Ambrose: Lockheed Backs Collaboration as NASA, Space Industry Eye New Capabilities

TYSONS CORNER, VA, February 6, 2019 — Rick Ambrose, executive vice president of Lockheed Martin‘s (NYSE:  LMT) space business, has expressed the company’s support for collaboration and multinational participation in the push to advance capabilities in the space industry, ExecutiveBiz reported Jan. 30. Ambrose, a 2019 Wash100 awardee, said in …

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Lockheed Receives $90M Navy Contract Modification to Explore F-35 Cost Reduction Measures

Lockheed Martin (NYSE: LMT) has received a three-year, $90.3M contract modification from the U.S. Navy to identify and implement measures to reduce the cost of the F-35 air system. The company will aim to complete the cost reduction efforts by June 2022, the Department of Defense said Tuesday. The Navy, Air Force and …

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Lockheed Gets $101M Contract Modification for USAF JASSM-ER Subsystem Design Changes

Lockheed Martin (NYSE: LMT) has received a $100.6M contract modification from the U.S. Air Force to design, develop, integrate and test subsystem design changes for the extended range variant of the Joint Air-to-Surface Standoff Missile system. The project will center on the JASSM-ER wings and chines and work under the modification …

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Lockheed, Florida Nonprofit Collaborate on Employment Program for Military Vets

TYSONS CORNER, VA, January 31, 2018 — Lockheed Martin (NYSE: LMT) has entered into a partnership with a nonprofit organization as part of a program to generate civilian work opportunities for military veterans and drive job growth in Florida, ExecutiveBiz reported Wednesday. Veterans Florida said Jan. 24 Lockheed will support the …

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McAleese & Associates: Lockheed’s 2018 Sales Driven by Aeronautics, Missiles & Fire Control Businesses

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its fiscal 2018 sales rise 8 percent to $53.8B and the increase was primarily driven by revenue growth in the Bethesda, Md.-based company’s aeronautics and missiles and fire control segments. Jim McAleese, founder and principal of McAleese & …

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Lockheed Gets $560M Modification on Trident II D5 Missile Production, Support Contract

Lockheed Martin (NYSE: LMT) will continue to manufacture submarine-launched ballistic missiles for the U.S. Navy and the government of U.K. under a four-year, $559.6M contract modification. The company will also support both countries’ deployed Trident II D5 missile systems, the Department of Defense said Thursday. The Navy will obligate $421.8M in …

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Lockheed Gets $542M IDIQ for Lot 13 F-35 Ancillary Mission Equipment, Spares

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a five-year, $542.2M contract to provide F-35 ancillary mission equipment and associated initial spares to U.S. and international military customers. The Department of Defense said Tuesday the company will initially receive $437.3M in U.S. Air Force, Navy and Marine Corps aircraft procurement, non-U.S. DoD participant and foreign …

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Air Force Awards Lockheed $132M Contract to Sustain C-5 Airlifters

Lockheed Martin (NYSE: LMT) has received a potential $131.6M contract to perform sustaining engineering work on the U.S. Air Force‘s fleet of C-5 Galaxy airlifters. The Air Forcewill obligate $23.5M at the time of award from its fiscal 2019 operations and maintenance and transportation working capital funds, the Department of Defense …

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Lockheed Vet Robert Cleave Joins Space Firm Vector as Chief Revenue Officer

Robert Cleave, a 13-year veteran of Lockheed Martin (NYSE: LMT) and founder of satellite operator Xtar, has been named chief revenue officer of space launch company Vector. He will lead a line of business as well as budgeting, customer acquisition and partnership efforts in his new position, Vector said Thursday. The three-decade space industry veteran …

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