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MDA Increases Lockheed THAAD Field Support IDIQ Ceiling by $112M

Lockheed Martin (NYSE: LMT) has received a potential $112.2 million contract modification from the Missile Defense Agency to continue to provide field support services for the Terminal High Altitude Area Defense system. The modification increases the ceiling value of a previously awarded indefinite delivery/indefinite quantity contract from $449 million to $561.2 million, the Defense Department said Thursday. …

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NJ, Virginia Police to Use Lockheed-Built Small UAS for Search & Rescue Ops

TYSONS CORNER, VA, May 12, 2017 — The Lockheed Martin-built (NYSE: LMT) Indago small unmanned aircraft system will be deployed by law enforcement agencies in New Jersey and Virginia to support search-and-rescue operations for people with special needs, ExecutiveBiz reported Thursday. Lockheed said Wednesday the New Jersey and Virginia sheriff’s offices plan to pair …

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Lockheed, Cobham Vet Angie Casper Named LMI SVP, Chief HR Officer

Angie Casper, a 25-year human resources professional, has joined LMI as a senior vice president and chief HR officer at the Tysons, Virginia-based nonprofit government consulting services contractor. LMI said Wednesday she will oversee efforts to integrate HR strategies and processes with the company’s strategic plan as well as manage career development programs. …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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Lockheed Martin Holds Autonomous, Unmanned Tech Demonstration

TYSONS CORNER, VA, May 11, 2017 — Lockheed Martin (NYSE: LMT) has showcased several unmanned and autonomous technologies during a media event at its missiles and fire control facility in Texas, ExecutiveBiz reported Wednesday. The company said Tuesday technologies included in the demonstration are the Indago quadrotor unmanned aircraft system, Hydra Fusion …

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Lockheed, Leonardo Unveil 1st F-35B Assembled in Italy

TYSONS CORNER, VA, May 8, 2017 — Lockheed Martin (NYSE: LMT), Leonardo and Italy’s defense ministry have rolled out the first short-takeoff/vertical-landing variant of the F-35 fighter jet assembled outside the U.S., ExecutiveBiz reported Friday. Lockheed said Friday it works with Leonardo to operate the Italian government-owned F-35 final assembly and …

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Lockheed Martin to Deliver F-16 Fighting Falcon Training System to Romania’s Air Force

Lockheed Martin (NYSE: LMT) will deliver a tailored simulation-based F-16 training environment for the Romanian Air Force (RoAF,) according to a company statement. Lockheed Martin will deliver the SciosTrain™ suite of simulators in 2019 under this contract and also provide contractor logistics support services. “Our solution builds on our proven …

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Orbital ATK, Lockheed, NASA Test Orion Launch Abort System’s Attitude Control Motor

TYSONS CORNER, VA, May 3, 2017 — Orbital ATK (NYSE: OA) has completed a test of the attitude control motor on the launch abort system of the Lockheed Martin-built (NYSE: LMT) Orion spacecraft to verify the motor’s capability to perform in case of an aborted mission, ExecutiveBiz reported Tuesday. NASA and Lockheed personnel took …

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Lockheed Receives $1.4B Contract for Lot 12 F-35 Long Lead Parts

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $1.38 billion contract to fund the procurement of long lead parts and components for the 12th batch of F-35 aircraft. The Defense Department said Friday the materials are needed for the manufacture of 130 lot 12 F-35s in support of U.S Air Force, Marine Corps, Navy, non-DoD …

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Lockheed Conducts Long-Range Endurance Tests on Fury UAS

TYSONS CORNER, VA, April 28, 2017 — Lockheed Martin (NYSE: LMT) has flown its Fury unmanned aircraft system over 12 hours as part of long-range endurance tests in preparation for low-rate production, ExecutiveBiz reported Thursday. The company said Wednesday the tests at its operating base in Yuma Proving Ground also involved Fury carrying nearly …

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