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Search Results for: Lockheed

Defense News: Lockheed to Get $1B in DoD Reimbursement Funds for LRIP Lot 9 F-35s

Lockheed Martin (NYSE: LMT) will receive approximately $1 billion in additional funds from the Defense Department after DoD decided to reimburse the company for production costs incurred on lot 9 of the F-35 Lightning II aircraft, Defense News reported Thursday. Valerie Insinna writes the F-35 joint program office will obligate funds …

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Lockheed-Elbit Team Eyes Contract on UK Challenger 2 Tank Life Extension Project

TYSONS CORNER, VA, Aug. 12, 2016 — Lockheed Martin (NYSE: LMT) has teamed with Elbit Systems to pursue a contract with the U.K. defense ministry for the update of the Challenger 2 tanks under the British army’s Life Extension Project, ExecutiveBiz reported Thursday. Lockheed said Wednesday the team plans to perform work …

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August 11 Market Close: GovCon Index Swings Positive on Orbital ATK Rebound & Lockheed Rise

Executive Mosaic’s GovCon Index staged a rally Thursday to barely miss a new record close as Orbital ATK (NYSE: OA) regained some ground from a record plunge in the previous session and Lockheed Martin (NYSE: LMT) rose to a new 52-week high in intraday trade. The Index closed 0.179 points shy of the …

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Lockheed to Deploy Lunar Imaging CubeSat With 2018 NASA Orion Mission

TYSONS CORNER, VA, Aug. 10, 2016 — Lockheed Martin (NYSE: LMT) will launch a CubeSat lunar research satellite with Orion‘s Exploration Mission-1 in 2018 under a contract with NASA, ExecutiveBiz reported Tuesday. The company said Monday the SkyFire miniature satellite will be equipped with an infrared camera and work to capture images of …

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Lockheed Ships ‘Space Based Infrared System’ GEO 3 Satellite for Launch Prep

TYSONS CORNER, VA, Aug. 9, 2016 — Lockheed Martin (NYSE: LMT) has delivered the latest Space Based Infrared System satellite to Cape Canaveral Air Force Station in preparation for its launch in October, ExecutiveBiz reported Monday. The company said Friday the SBIRS GEO Flight 3 satellite will launch aboard a United Launch Alliance-built Atlas …

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Lockheed Adopts New Name for Former Mission Systems & Training Unit

TYSONS CORNER, VA, Aug. 8, 2016 — Lockheed Martin‘s (NYSE: LMT) mission systems and training business will operate under the rotary and mission systems brand beginning Sept. 5 in a change that seeks to reflect the company’s expanded portfolio following the acquisition of Sikorsky Aircraft, ExecutiveBiz reported Friday. The rebranded rotary and mission …

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VA Taps Lockheed Subsidiary for Vets Benefits Enrollment System Modernization Project; Horace Blackman Comments

TYSONS CORNER, VA, Aug. 5, 2016 — A Lockheed Martin (NYSE: LMT) subsidiary will support the Department of Veterans Affairs‘ project to modernize the Enrollment Health Benefits Determination system under a $33.3 million task order, ExecutiveBiz reported Thursday. Systems Made Simple will develop, operate and maintain systems for the EHBD program as well as …

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Lockheed Eyes $15B Export Potential for ‘Made in India’ F-16 Jets

TYSONS CORNER, VA, Aug. 5, 2016 — Lockheed Martin (NYSE: LMT) anticipates $15 billion in potential exports of the F-16 fighter jet with the proposed transfer of that aircraft’s production to India, ExecutiveBiz reported Thursday. The Economic Times reported Thursday that an F-16 production line in India could lead to export sales of …

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Lockheed Receives $102M Navy Delivery Order for F-35 Software Data Loads

Lockheed Martin (NYSE: LMT) has received a $101.9 delivery order from the U.S. Navy to produce F-35 aircraft software data loads in support of verification and validation testing efforts at the military branch’s F-35 Reprogramming Center West. The company will also provide technical support to help the service branch design, test and …

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Lockheed-Built F-35A Achieves Initial Operational Capability

TYSONS CORNER, VA, Aug. 4, 2016 — The Lockheed Martin-built F-35A has reached initial operational capability after completing system tests and meeting requirements set by the U.S. Air Force, Executive Gov reported Wednesday. The Air Force said Tuesday Gen. Hawk Carlisle, commander of the Air Combat Command, declared the F-35A “combat ready” alongside …

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