Karman Space & Defense has named longtime Lockheed Martin executive Doug Laurendeau chief growth officer, bringing decades of strategy and business development experience to support the company’s expansion across space and defense markets. The company said Thursday Laurendeau will join its senior leadership team on May 6, succeeding Stepha...
Lockheed Martin is significantly expanding its investment in emerging defense technologies by increasing the capacity of its venture capital arm from $400 million to $1 billion. Why Is Lockheed Martin Expanding Its Venture Fund? The company said Tuesday that the investment marks a 250 percent increase, the largest boost since the fund was estab...
The U.S. Air Force has selected Lockheed Martin, Anduril Industries, Northrop Grumman, BAE Systems, L3Harris Technologies and nine other companies to provide space domain awareness capability under a firm-fixed-price, indefinite-delivery/indefinite-quantity contract valued at up to $1.8 billion. Lockheed Martin is a gold sponsor at the Po...
Sierra Space has appointed Jeff Schrader, former executive at Lockheed Martin, as chief strategy officer. The Louisville, Colorado-headquartered company said Monday that Schrader will spearhead initiatives, including corporate development and mergers and acquisitions, to support Sierra’s growth and expansion. “As we accelerate the busine...
Lockheed Martin has received a U.S. Navy contract modification valued at $132.9 million to continue providing flight test support for the F-35 Lightning II fighter aircraft. Recent Navy contract actions with industry underscore the service’s continued focus on innovation, sustainment and operational readiness across key platforms. These priorities...
Lockheed Martin has appointed Mark Kvasnak, currently vice president and chief financial officer of the company’s rotary and mission systems, or RMS, business area, as VP of investor relations, effective March 16. The Bethesda, Maryland-based aerospace and defense contractor said Thursday Kvasnak will succeed Maria Ricciardone, who will remain VP ...
Lockheed Martin’s rotary and mission systems business has received a potential 13-year, $1.9 billion contract from the U.S. Air Force to continue production and support of training systems for the C-130J Super Hercules aircraft. As the Air Force continues investing in platforms like C-130J and training systems that sustain mission readiness, g...
Lockheed Martin has secured a potential five-year, $479.9 million contract from the U.S. Navy to support the AN/SQQ-89A(V)15 anti-submarine warfare combat system. The Navy’s latest contract action reflects the steady pace of investment shaping today’s maritime industrial base and undersea warfare portfolio. Discussions around acquisition...
Lockheed Martin has received a $249 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to support the Surface Electronic Warfare Improvement Program, or SEWIP, Block II, a system designed to counter anti-ship missile threats. Don’t miss the Potomac Officers Club’s 2026 Navy Summit on Aug. 27. Hear direc...
Lockheed Martin reported $75 billion in 2025 sales, up 6 percent from $71 billion recorded the previous year, and ended the year with a record backlog of $194 billion. In an earnings release published Thursday, the Bethesda, Maryland-based aerospace and defense contractor said cash from operations was $8.6 billion and free cash flow was $6.9...
