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Lockheed, Austal Get Navy LCS Contract Modifications

Lockheed Martin (NYSE: LMT) and Austal‘s U.S. arm have received separate contract modifications to build three fiscal 2018 littoral combat ships for the U.S. Navy. The Defense Department said Tuesday Lockheed will develop one LCS and Austal USA will construct two ships under the fixed-price-incentive modifications awarded by Naval Sea …

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Lockheed Gets $7.2B Air Force Follow-On Contract for GPS III Satellites

Lockheed Martin (NYSE: LMT) has secured a potential $7.2B follow-on contract from the U.S. Air Force to build an additional 22 GPS III satellites. The service said Friday it expects the initial GPS IIIF satellite to be available for liftoff by 2026 under the fixed-price contract. “Getting to a manufacturing …

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Lockheed Martin Backs Competition on AI-Enabled Autonomous Drones

TYSONS CORNER, VA, September 7, 2018 — Lockheed Martin (NYSE: LMT) has partnered with the Drone Racing League to establish a competition focused on utilizing artificial intelligence to operate an unmanned aircraft system, ExecutiveBiz reported Thursday. The company said Wednesday participants in the $2M AlphaPilot Innovation Challenge will be tasked to develop an …

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Lockheed Awarded $500M Navy Electronics Test Equipment Supply Contract

Lockheed Martin (NYSE: LMT) has received a potential $500M contract to supply the U.S. Navy with more than 200 units of equipment designed to test aircraft electronics. The company said Tuesday it will produce and deliver Electronic Consolidated Automated Support Systems over a seven-year period. Sailors uses eCASS to troubleshoot electronic …

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Lockheed Gets $250M Contract Modification for Lot 11 F-35 Tools, Test Equipment

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $250.4M U.S. Navy contract modification to provide special tools and test equipment for the eleventh batch of F-35s. The modification is composed of purchases from Navy, U.S. Marine Corps, U.S. Air Force, foreign military sales customers and international partners, the Defense Department …

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Air Force Receives First Lockheed-Built GPS III Satellite for Launch Prep

TYSONS CORNER, VA, August 29, 2018 — Lockheed Martin (NYSE: LMT) has shipped the first GPS III satellite from Buckley Air Force Base in Colorado to Cape Canaveral Air Force Station in Florida as part of a U.S. Air Force program to modernize the existing GPS constellation, ExecutiveBiz reported Tuesday. The company said Monday …

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AECOM, Lockheed to Provide Battery Energy Storage System for Fort Carson

TYSONS CORNER, VA, August 23, 2018 — AECOM (NYSE: ACM) has partnered with Lockheed Martin (NYSE: LMT) to build a battery energy storage system that will work to reduce energy consumption and associated expenses at Fort Carson in Colorado, ExecutiveBiz reported Wednesday. The team will utilize Lockheed’s GridStar Lithium energy storage …

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Report: DoD to Award $11B Contract for 11th Batch of Lockheed F-35s

Lockheed Martin (NYSE: LMT) could receive a potential $11 billion contract from the Defense Department in early September to produce 141 lot 11 F-35 jets for the U.S. military and foreign partners, Bloomberg reported Wednesday. The Defense Contract Management Agency told the publication that there have been delays in the delivery of 209 of the …

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Michele Evans to Succeed Orlando Carvalho as Lockheed Aeronautics Head; Marillyn Hewson Quoted

Michele Evans, deputy executive vice president for Lockheed Martin’s (NYSE: LMT) aeronautics business area, has been promoted to EVP of the same business in a move that takes effect Oct. 1. She will succeed Orlando Carvalho, who will retire after a nearly four-decade career with Lockheed, the company said Wednesday. “Michele has led critical …

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Army Selects Lockheed for $356M Tactical Trainer Module Upgrade Contract

Lockheed Martin (NYSE: LMT) has won a potential 10-year, $356.3M contract to modernize a manned-module simulator of the U.S. Army‘s Close Combat Tactical Trainer. The Army Contracting Command received three bids for the project via an online-based solicitation process and will provide funds and work locations over the ordering period that …

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