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Lockheed to Continue Navy Submarine Engineering Support Under $120M Contract Modification

Lockheed Martin (NYSE: LMT) has received a $119.7 million contract modification to help the U.S. Navy integrate visual systems and other components into submarines. The Defense Department said Monday Lockheed’s rotary and mission systems unit will perform design, development, test, reverse engineering, technology insertion/refreshment, field engineering and system support under …

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Lockheed Martin Building Full-Scale Deep Space Habitat Prototype for NASA

TYSONS CORNER, VA, July 24, 2017 — Lockheed Martin (NYSE: LMT) is working to build a prototype cislunar habitat that would house astronauts during extended missions as part of NASA‘s Next Space Technologies for Exploration Partnerships effort, ExecutiveBiz reported Friday. The company said Thursday its full-scale NextSTEP-2 prototype is a refurbished Donatello Multi-Purpose …

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Lockheed Secures $75M Option on Air Force C-130J Sustainment Contract

Lockheed Martin (NYSE:LMT) has received a $74.7 million contract modification to support long-term sustainment work on the U.S. Air Force‘s fleet of C-130J military transport aircraft. The modification exercises the first option under a previously awarded indefinite-delivery/indefinite-quantity contract and covers inventory control point management, sustaining engineering, repair of reparables, technical data, …

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Lockheed to Help Navy Deploy Aegis Combat Systems Under $93M Contract Modification

Lockheed Martin (NYSE: LMT) has received a one-year, $93.5 million contract modification to complete the development and fielding of the Aegis Weapon System and integrated Aegis Combat System on three of the U.S. Navy‘s Arleigh Burke-class destroyers. The Defense Department said Friday the contract covers follow-on support services for USS Thomas Hudner, USS Paul …

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Lockheed Secures $192M in Navy Aegis Combat System Modernization Funds

Lockheed Martin (NYSE: LMT) has received a potential $192.3 million contract modification from the U.S. Navy for production support to the Aegis combat system modernization effort in fiscal 2017. The Defense Department said Thursday Lockheed’s rotary and mission systems business will perform work in Moorestown, New Jersey; Clearwater, Florida; and Owego, New York …

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Lockheed Invests in AI Tech for ‘Intelligent’ Maintenance Support to Canada’s C-130Js

TYSONS CORNER, VA, July 20, 2017 — Lockheed Martin (NYSE: LMT) has placed a $1.1 million investment to help advance the development of an artificial intelligence tool that Canada-based contextere intends to support aerospace and defense maintenance personnel, ExecutiveBiz reported Wednesday. The intelligent personal agent will work to assist in field service, industrial inspection and maintenance, …

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Lockheed- & Northrop-Led Teams in Shortlist for Australia’s Simulation Requirement

TYSONS CORNER, VA, July 19, 2017 — The Australian government has shortlisted industry teams led by Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) for the JP 9711 Core Simulation Capability program, ExecutiveBiz reported Tuesday. Shephard Media reported Monday that the teams will seek to secure work to update Australia’s networked simulation …

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Lockheed Martin’s Rick Ambrose Lands NDIA Recognition for Space Systems Work

TYSONS CORNER, VA, July 18, 2017 — Lockheed Martin (NYSE: LMT) Executive Vice President Rick Ambrose has received recognition from the National Defense Industrial Association for his work in the space systems industry, GovCon Executive reported Friday. NDIA said its space division will present the Peter B. Teets Award to Ambrose, head …

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Lockheed Martin Launches New Facility to Drive UK Cybersecurity Efforts

TYSONS CORNER, VA, July 17, 2017 — Lockheed Martin (NYSE: LMT) has unveiled a new $3.9 million cybersecurity hub in the U.K. that will work to supplement cyber-related technology development and collaboration efforts in the country, ExecutiveBiz reported Friday. The company said Thursday the Cyber Works center in Gloucester seeks to …

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Lockheed Secures $130M Army Contract Funds for Fiscal 2017 PAC-3 Missile Production

Lockheed Martin (NYSE: LMT) has secured a $130.3 million modification to build additional Patriot Advanced Capability-3 air defense missiles for the U.S. Army and government customers under the foreign military sales program. The Defense Department said Friday Lockheed will provide a total of 35 PAC-3 missile segment enhancement interceptors to the …

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