Lockheed Martin (NYSE: LMT) has received a four-year, $184.6M contract modification to set up a capability for repairing systems of lot 11 F-35 low-rate initial production units for U.S. military and non-Department of Defense entities.

Lockheed Martin (NYSE: LMT) will perform additional baseline upgrades to the Aegis ballistic missile defense system under a potential one-year, $185.6M contract modification. The award has a base value of $139.7M and a three-month option that would increase the total contract value to $3.21B.

Lockheed Martin (NYSE: LMT) has secured a $25M initial contract to develop a digital system for fighter pilots to defend against jamming and spoofing threats as part of the F-35 Block 4 modernization effort.

Lockheed Martin (NYSE: LMT) and the Department of Defense have finalized a $34B contract for the company to produce and deliver 478 F-35 Lightning II fighter jets for lots 12 through 14 in support of U.S. service branches, allies and foreign military sales clients.

Lockheed Martin's (NYSE: LMT) aeronautics business has received a potential $7B contract modification from the U.S. Navy to produce and deliver 114 lot 13 F-35 fighter jets to domestic and foreign military sales clients.

Former Sempra Energy Chairman, President and CEO Debra Reed-Klages has been named a member of Lockheed Martin's (NYSE: LMT) board of directors in a move that takes effect Nov. 1. "Debra brings a demonstrated track record of global business leadership and extensive experience in risk management and environmental and sustainability strategies," said Marillyn Hewson, Lockheed CEO and a 2019 Wash100 winner.

Lockheed Martin (NYSE: LMT) has received a $148.4M order to support durability tests on F-35B jets belonging to the U.S. Marine Corps and non-Department of Defense participants in the fighter aircraft program. The company will conduct tests needed to certify the short takeoff/vertical landing variant to reach a 30-year service life, DoD said Friday.

Engineering and construction management services provider TRC Companies has agreed to buy a Lockheed Martin (NYSE: LMT) business unit that provides energy services to gas and electric utilities.

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) expects a potential $35B block buy contract to be awarded in the fourth quarter of 2019 for lots 12 through 14 of the F-35 fighter jet.

Lockheed Martin (NYSE: LMT) has won a potential three-year, $108.3M contract from the U.S. Air Force to conduct technology maturation and risk reduction efforts to support the development of a reentry vehicle for the W87-1 nuclear warhead.