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Lockheed Martin Unveils Pilot Training Facility for T-50A Trainer Aircraft

TYSONS CORNER, VA, Aug. 18, 2016 — Lockheed Martin (NYSE: LMT) has opened a pilot training facility for the T-50A trainer aircraft in South Carolina as it eyes the U.S. Air Force‘s T-X trainer replacement contract, ExecutiveBiz reported Wednesday. The company said Tuesday the facility will house tooling and manufacturing equipment for the T-50A’s …

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Lockheed Martin to Introduce ‘Mars Base Camp’ Concept

TYSONS CORNER, VA, May 20, 2016 — Lockheed Martin (NYSE: LMT) has said NASA can use a manned spacecraft orbiting Mars as a platform to send humans to the planet by the 2030s as part of the company’s Mars Base Camp concept, ExecutiveBiz reported Thursday. Popular Science reported Wednesday that Lockheed is …

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Denmark Eyes $3B Purchase of 27 Lockheed Martin F-35s

TYSONS CORNER, VA, May 13, 2016 — Denmark plans to place an order worth approximately $3 billion for the Lockheed Martin-built (NYSE: LMT) F-35 fighter jet as replacement for the country’s F-16 fleet, ExecutiveBiz reported Thursday. Defense News reported Thursday the potential foreign military sale covers 27 F-35s to support national security …

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Lockheed Martin Space Systems Hires New Strategy, Business Dev’t VP; Rick Ambrose Comments

TYSONS CORNER, VA, March 29, 2016 — Lockheed Martin (NYSE: LMT) has hired Kay Sears, formerly president of Intelsat General, as its space systems organization’s new vice president for strategy and business development, GovCon Executive reported Wednesday. Lockheed said March 22 Sears will be in charge of the business unit’s strategic planning, …

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Lockheed Martin Receives $1.5B Air Force C-130J Contract Modification

Lockheed Martin (NYSE: LMT) has received a $1.5 billion contract modification to fund the procurement of C-130J aircraft for the U.S. Air Force. The Defense Department said Thursday the contract represents full funding for the procurement of long-lead items the Air Force ordered along with 28 fiscal 2016 C-130J. The covered aircraft …

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Lockheed Martin Eyes Move of Some F-16 Production Work to India

TYSONS CORNER, VA, March 23, 2016 — Lockheed Martin (NYSE: LMT) is working with the U.S. and Indian governments to discuss the potential move of some F-16 aircraft production operations to India, ExecutiveBiz reported Tuesday. The Hindu newspaper reported Monday the plan works to support the country’s recapitalization targets for fighter jets and …

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