Search Results for: lockheed

Lockheed Books $842M in USAF Missile Production Contracts

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) two firm-fixed-price contracts worth $842.7 million combined to build more anti-ship and air-to-surface missile systems. Lockheed will produce 137 Long Range Anti-Ship Missiles for the program’s fourth and fifth production lots under a $414.3 million award that also involves foreign military …

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FTC Seeks Additional Info on Lockheed’s $4.4B Deal for Aerojet Rocketdyne

Lockheed Martin (NYSE: LMT) has received from the Federal Trade Commission a second request for additional information as FTC continues to review its proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD). The latest request extends for another 30 days the waiting period under the Hart-Scott-Rodino Act, Lockheed said Friday. In December, …

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State Department OKs $91M Extended-Range Lockheed Rocket Sale to Finland

The State Department has cleared Finland’s request to procure 35 extended-range systems of Lockheed Martin‘s (NYSE: LMT) Guided Multiple Launch Rocket through a potential $91.2 million foreign military sales deal. Lockheed’s missile and fire control segment will be the principal contractor under the FMS agreement for 25 M30A2 ER GMLRS …

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DARPA Taps General Atomics, Lockheed, Northrop to Design UAVs for Air-to-Air Weapon Engagement

DARPA LongShot concept

General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) have received separate contracts from the Defense Advanced Research Projects Agency to design air-launched unmanned aerial vehicles that can deploy multiple weapons. All three companies will conduct preliminary design work for the first phase of DARPA's LongShot program to potentially demonstrate a novel system capable of supporting aerial threat engagement missions, the agency said Monday.

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Lockheed Unit Secures $129M USAF Airlifter Logistics Support IDIQ

A Lockheed Martin (NYSE: LMT) business unit has secured a potential two-year, $129.4 million contract to provide logistics support for the U.S. Air Force’s C-5 Galaxy transport aircraft fleet. The company’s aeronautics segment will receive $31.5 million through a task order under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said …

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Lockheed to Help Maintain UAE THAAD Weapon System Under $255M MDA Contract

Lockheed Martin (NYSE: LMT) has received a five-year, $254.7M contract from the Missile Defense Agency to maintain two batteries for the United Arab Emirates’ Terminal High Altitude Area Defense system. The company’s space business will also manage logistics and associated product database, develop software, provide training, conduct field surveillance, repair …

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Lockheed Named Largest Contract Recipient in DOD’s Fiscal 2019 State-Level Spending Report

A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. Lockheed received $45.6B in FY 2019 contracts, while Boeing and Northrop secured …

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Lockheed Vet Sean Daily Appointed Cobham Advanced Electronic Solutions CFO

Sean Daily Chief Financial Officer CAES

Sean Daily, former vice president of finance and business operations at Lockheed Martin's (LMT: NYSE) space segment, has joined Cobham Advanced Electronic Solutions as chief financial officer. CAES said Monday that Daily will also join the board of directors of the Arlington, Virginia-based aerospace and defense electronics provider.

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