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Search Results for: Lockheed

Lockheed Martin to Supply MH-60R Radar Periscope Detection Kits to Navy

TYSONS CORNER, VA, Feb. 1, 2017 — The U.S. Navy has awarded a Lockheed Martin (NYSE: LMT) business a $45.8 million delivery order for 29 automatic radar periscope detection and discrimination standard retrofit p-kits for MH-60R helicopters, ExecutiveBiz reported Tuesday. Lockheed’s mission systems and training unit will perform work under the order mostly …

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Lockheed Martin Opens New Facility for Autonomous Systems Business in Colorado

TYSONS CORNER, VA, Jan. 30, 2017 — Lockheed Martin (NYSE: LMT) has opened a new office in Littleton, Colorado, for its autonomous systems business unit, ExecutiveBiz reported Friday. Denver Business Journal reported Wednesday the industrial space is designed to support Lockheed’s efforts to develop new autonomous technologies such as self-driving ground vehicles, drones and machine learning …

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AIDC Starts Update Work on Taiwan’s Lockheed-Built F-16s

TYSONS CORNER, VA, Jan. 26, 2017 — Aerospace Industrial Development Corp. has begun to implement updates to Taiwan’s fleet of Lockheed Martin-built (NYSE: LMT) F-16 Fighting Falcon aircraft, ExecutiveBiz reported Wednesday. Taiwanese state-owned AIDC stated that it expects to complete the modernization work on 144 F-16s in six years with four jets currently …

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NOAA Releases 1st Image From Harris-Built Camera on Lockheed’s GOES-16 Satellite

TYSONS CORNER, VA, Jan. 25, 2017 — The National Oceanic and Atmospheric Administration has released the first image captured by a Harris-built (NYSE: HRS) digital camera onboard the Lockheed Martin-produced (NYSE: LMT) Geostationary Operational Environmental Satellite-16, ExecutiveBiz reported Tuesday. The weather satellite’s Advanced Baseline Imager took a picture of the Earth’s western hemisphere …

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January 24 Market Close: GovCon Index Advances With Boeing Lift, Lockheed Drags on Dimmed Guidance & Sikorsky Material Weakness

Executive Mosaic’s GovCon Index traded higher Tuesday on a lift from Boeing (NYSE: BA) and government services stocks as Lockheed Martin (NYSE: LMT) fell after the defense contractor reported material weaknesses related to internal controls for financial statements at its Sikorsky helicopter subsidiary. All three major U.S. stock indices also advanced as the S&P …

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Air Force Launches Latest Lockheed-Built Missile Warning Satellite

TYSONS CORNER, VA, Jan. 24, 2017 — The U.S. Air Force has launched the third Lockheed Martin-built (NYSE: LMT) missile warning satellite that will work to perform infrared surveillance and provide global situation awareness to the U.S. and its allies, ExecutiveBiz reported Monday. The Space Based Infrared System GEO Flight 3 satellite was launched aboard …

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Lockheed Begins Development of Optical Component to Support NASA ‘Dark Energy’ Research

TYSONS CORNER, VA, Jan. 23, 2017 — Lockheed Martin (NYSE: LMT) has begun to develop an optical instrument assembly for NASA‘s Wide Field Infrared Survey Telescope to support the space agency’s dark energy and exoplanet research efforts, ExecutiveBiz reported Friday. Scientists and engineers at Lockheed’s Advanced Technology Center in Palo Alto, California, are …

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Report: Lockheed, DoD Eye Potential $9B Deal on Next F-35 Batch by End of January

Lockheed Martin (NYSE: LMT) and the Defense Department are still in talks and could finalize by the end of January a new contract worth approximately $9 billion that would reduce the price of the next batch of F-35 fighter jets to under $100 million per aircraft, Reuters reported Thursday. Mike …

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Renovated Cape Canaveral Building to Host Lockheed Employees for Navy Fleet Ballistic Missile Program

TYSONS CORNER, VA, Jan. 18, 2017 — Lockheed Martin (NYSE: LMT) and the U.S. Navy held a ribbon-cutting ceremony for a newly renovated facility at Cape Canaveral Air Force Station in Florida that will host company employees who will work on the military service’s Fleet Ballistic Missile program, ExecutiveBiz reported Tuesday. The company said …

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Lockheed to Supply Navy Integrated Undersea Surveillance Tech Under $121M Contract Modification

Lockheed Martin (NYSE: LMT) has received a $120.9 million contract modification from the U.S. Navy to provide an integrated undersea surveillance system as well as engineering services for a sonar system. The Defense Department said Friday Lockheed’s rotary and mission systems business will support the Acoustic-Rapid-Commercial-Off-The-Shelf Insertion sonar system that works to integrate and …

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