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Search Results for: Lockheed

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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Lockheed Awarded $327M UK Aerial Surveillance System Devt Contract

Lockheed Martin’s (NYSE: LMT) U.K. arm has received a potential $327 million contract to develop an airborne surveillance system for integration with the U.K. defense ministry’s fleet of Merlin HM Mk2 helicopters. The contract for the Crowsnest aerial surveillance program covers initial provisioning of spares as well as demonstration and manufacturing work, …

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January 13 Market Close: GovCon Index Rebounds, Holds at Weekly Loss as Lockheed Halts 4-Day Slide

Executive Mosaic’s GovCon Index rebounded Friday with strong performances by defense prime stocks as U.S. stocks rose on investor optimism from quarterly earnings beats by large financial institutions and positive retail sales numbers from December. GovCon Index gainers outnumbered laggards by a 2-to-1 ratio and nine of its 11 S&P 500 stocks moved …

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Lockheed CEO: New Deal to Cut Costs on Next F-35 Line ‘Close’

Lockheed Martin (NYSE: LMT) is “close to a deal” on a new contract that would “significantly” bring down costs of the next line of F-35 fighter jets and add 1, 800 new jobs at its Fort Worth, Texas facility that houses production, the company’s chief executive said Friday after a meeting with …

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Lockheed Continues Mentorship of Accurate Machine and Tool

TYSONS CORNER, VA, Jan. 13, 2017 — Lockheed Martin (NYSE: LMT) continues to mentor Accurate Machine and Tool under the Defense Department‘s Mentor-Protege Program to develop the small business’ efforts to support more customers and pursue opportunities in the public sector as a prime contractor, ExecutiveBiz reported Thursday. Lockheed said Wednesday it received a three-year …

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January 12 Market Close: GovCon Index Down, Lockheed Extends Drag Over Investors’ Continued F-35 Focus

Executive Mosaic’s GovCon Index fell for a second straight session Thursday on continued declines by large aerospace and defense primes as U.S. stocks also tumbled with earnings season at the forefront of investor attention. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and two of its 11 S&P 500 components …

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