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Lockheed Martin Groups Training, Logistics Products Into 5 Categories

TYSONS CORNER, VA, Nov. 30, 2016 — Lockheed Martin (NYSE: LMT) will restructure its training and logistics systems business in an effort to boost client service efficiency and mitigate engineering, development and proposal costs, ExecutiveBiz reported Tuesday. The company said Monday it will categorize its training and logistics offerings into …

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State Dept Clears $200M Poland Request for Lockheed Air-to-Surface Missiles

The State Department has approved a potential $200 million foreign military sale of Lockheed Martin-built (NYSE: LMT) Joint Air-to-Surface Standoff Missile Extended Range systems,  equipment and training services to Poland. Poland ordered 70 units of AGM-158B JASSM-ER, two flight test vehicles, two mass simulant vehicles, one flight test vehicle and three separation test vehicles, …

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Lockheed Gets $1.3B Upfront DoD Payment to Begin Lot 10 F-35 Production

The Defense Department has paid Lockheed Martin (NYSE: LMT) an upfront fee of $1.28 billion to bankroll the 10th batch of F-35 aircraft through a potential $7.19 billion “undefinitized” contract action by DoD, Bloomberg reported Wednesday. Anthony Capaccio writes DoD made the down payment to Lockheed as both parties work to definitize the …

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Lockheed to Modernize South Korea F-16s Under $1.2B USAF Foreign Sales Deal

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential nine-year, $1.20 billion contract to support modernization of South Korea’s fleet of F-16 Fighting Falcon jets. Lockheed will perform the F-16 upgrades as part of a foreign military sales agreement between the governments of the U.S. and South Korea, …

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DigitalGlobe Deploys Lockheed-Made WorldView-4 Imaging Satellite; Rick Ambrose Comments

TYSONS CORNER, VA, Nov. 15, 2016 — DigitalGlobe (NYSE: DGI) has launched its new Lockheed Martin-built (NYSE: LMT) commercial imaging satellite onboard an Atlas V rocket from Vandenberg Air Force Base in California, ExecutiveBiz reported Monday. The WorldView-4 satellite will work to increase the number of images in DigitalGlobe’s commercial satellite …

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Lockheed to Continue Navy Sonar Engineering Support Under $125M Contract Modification

Lockheed Martin (NYSE: LMT) has received a $125.2 million contract modification for engineering and technical support work on commercial off-the-shelf sonar equipment for the U.S. Navy. The Defense Department said Monday that Lockheed’s rotary and mission systems business will continue to develop and produce Acoustic-Rapid COTS Insertion systems under the modification. Work …

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Lockheed’s Marillyn Hewson: Sustained Investment, Interoperability & Talent Key to NATO’s Tech Edge

TYSONS CORNER, VA, Nov. 11, 2016 — Marillyn Hewson, Lockheed Martin (NYSE: LMT) CEO, has stated that sustained investment, interoperability and talent development could support and maintain the technological edge of NATO and its partners, ExecutiveBiz reported Thursday. Hewson noted in written remarks published Wednesday that a defense industrial base …

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DoD Unveils Lockheed Martin-Built Program Cost Evaluation Tool

TYSONS CORNER, VA, Nov. 7, 2016 — The Defense Department‘s cost assessment and program evaluation office has unveiled its new Lockheed Martin-built (NYSE: LMT) cost-tracking software to aid DoD estimators in evaluating the agency’s programs, ExecutiveBiz reported Thursday. The FlexFile program is designed to help facilitate data collection from contractors and assess contract costs for substantial defense …

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Lockheed Martin Hands Over C-5M Super Galaxy Airlifter to Air Force 433rd Airlift Wing

TYSONS CORNER, VA, Nov. 4, 2016 — Lockheed Martin (NYSE: LMT) has delivered a C-5M Super Galaxy airlifter to the Joint Base San Antonio-Lackland, Texas where it will be assigned to the U.S. Air Force Reserve Command’s 433rd Airlift Wing, ExecutiveBiz reported Thursday. The company said Tuesday the airlifter was ferried from the Stewart …

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Reports: DoD Issues $6.1B ‘Unilateral Contract Action’ on 9th Lockheed F-35 Production Batch

The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel and Norway; 13 F-35Bs for the U.S. Marine Corps and the …

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