Author: Nichols Martin|| Date Published: May 18, 2020
Lockheed Martin (NYSE: LMT) has paid an additional $300M to its suppliers one week after accelerating $450M in supply chain payments meant to reduce the cororonavirus-related impact on the defense industry.
The company said Friday it met with almost 400 representatives from small businesses supporting the U.S. Navy at a webinar to share information and resources that can help them manage operations amid the pandemic.
According to Lockheed, it also plans to add 12K to its workforce by the end of the year.
Other COVID-19 relief and response efforts by the company include donation of personal protective equipment to medical frontliners nationwide and corporate jet missions to the federal government.
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
Jim Kelly, senior systems engineering manager at HPE Juniper Networking, said agentic artificial intelligence could help government agencies move toward…
AeroVironment has acquired Empirical Systems Aerospace, or ESAero, a producer of unmanned aircraft systems and advanced air mobility platforms, or AAM,…
