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Lockheed Martin’s Michele Evans Appointed Deputy EVP for Aeronautics BU; Orlando Carvalho Comments

Bethesda, Md.-based firm Lockheed Martin (NYSE: LMT) has promoted Michele Evans, an executive at its rotary and mission systems unit, to serve as the company’s deputy executive vice president for the aeronautics division starting June 4. The aerospace and defense company said Monday Evans will oversee several initiatives such as the …

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Lockheed Pushes STEM Education With Sponsored Robotics Research Lab in Jordan

TYSONS CORNER, VA, May 15, 2018 — Lockheed Martin (NYSE: LMT) has partnered with King’s Academy in Jordan to sponsor a robotics laboratory at the nonprofit school in an effort to support science, technology, engineering and math education, ExecutiveBiz reported Monday. TradeArabia reported Saturday that the opening of the Lockheed Martin Incubator …

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Lockheed Chief Marillyn Hewson Named 2018 ‘CEO of the Year’

TYSONS CORNER, VA, May 10, 2018 — Marillyn Hewson, chairman, president and CEO of  Lockheed Martin (NYSE: LMT), has received recognition from Chief Executive magazine as the “2018 Chief Executive of the Year” for her contributions to help advance science, technology, engineering and mathematics education, ExecutiveBiz reported Wednesday. Chief Executive Group said …

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Report: Barry McCullough Takes New VP Role at Lockheed

Barry McCullough, formerly vice president of international business development at Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business, has been named as the unit’s VP of strategy and business development, Inside Defense reported Wednesday. The report said McCullough will lead the development and implementation of the RMS business strategy in his …

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Lockheed Martin Continues F-35 Deliveries After DoD Repair Cost Agreement

TYSONS CORNER, VA, May 9, 2018 — Lockheed Martin (NYSE: LMT) has reached an agreement with the Defense Department on matters related to the cost of F-35 repairs and has resumed deliveries of the aircraft to the military, ExecutiveBiz reported Tuesday. Reuters reported Tuesday that the F-35 Joint Program Office indicated the …

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Lockheed to Supply Arleigh Burke-Class Ship Machinery Control Equipment Under $194M Contract

Lockheed Martin (NYSE: LMT) has received a potential $194.3 million contract to provide consoles and cabinets for the machinery control system of the U.S. Navy‘s Arleigh Burke-class guided missile destroyers. DDG 51 MCS is designed to monitor and manage the ship’s auxiliary, damage control, electrical and propulsion systems, the Defense Department said Tuesday. …

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State Dept OKs Potential $1.4B Lockheed Transport, Tanker Aircraft Sale to Germany

The State Department has approved Germany’s request to procure three Lockheed Martin-built (NYSE: LMT) C-130J-30 military transport aircraft and three KC-130J tanker planes from the U.S. government under a potential $1.4 billion foreign military sales agreement. Lockheed will serve as the prime contractor in the proposed deal that seeks to build up …

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Air Force Selects Lockheed, Northrop to Support Next-Gen Missile Warning Satellite Program

The U.S. Air Force intends to award Lockheed Martin (NYSE: NOC) and Northrop Grumman (NYSE: NOC) separate contracts to help the service branch define requirements for its future missile warning satellite constellation. Both companies will support the Next-Generation Overhead Persistent Infrared program that aims to build a constellation of satellites …

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Lockheed to Produce Additional THAAD Interceptors Under $145M MDA Contract Modification

Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has received a $145.3 million contract modification from the Missile Defense Agency to manufacture additional  Terminal High Altitude Area Defense systems. The modification increases the contract’s potential value to $1.4 billion and covers the production of lot 10 THAAD interceptors, one-shot devices …

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Lockheed Martin Ships Final 2 Japan-Based USAF Super Hercules Cargo Planes

TYSONS CORNER, VA, May 3, 2018 — Lockheed Martin (NYSE: LMT) has delivered the final two C-130J-30 Super Hercules military transport aircraft that will be based at the U.S. Air Force‘s Yokota Air Base in Japan in support of several regional operations, ExecutiveBiz reported Wednesday. The company said Tuesday the 36th Airlift Squadron at …

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