Lockheed Martin (NYSE: LMT) emerged as the final contender for the U.S. Army’s Precision Strike Missile prototyping competition, Jane’s 360 reported Tuesday. The PrSM program seeks to develop a precision-strike, surface-to-surface guided missile to replace the Army Tactical Missile System and that can be fired from the M142 High Mobility Artillery Rocket System and M270A1 Multiple Launch Rocket System to neutralize targets at ranges of up to 499 kilometers.

Stephanie Turner, a 25-year human resources professional and former director of corporate diversity and inclusion at Lockheed Martin (NYSE: LMT), has been named vice president of inclusion, diversity and social innovation at Mitre.

Lockheed Martin (NYSE: LMT) has received a potential $789.6M contract from the U.S. Navy to provide sustainment and maintenance support for the combat management system of the service’s littoral combat ships. The sole-source contract for the Littoral Combat Ship Component Based Total Ship System – 21st Century program has a base amount worth $98.6M, the Department of Defense said Friday.

Lockheed Martin (NYSE: LMT) has secured a $601.3M contract modification from the U.S. Navy to produce additional submarine-launched ballistic missile systems for the service branch and the U.K. The company will manufacture Trident II D5 missiles and support deployed systems through the sole-source contract, the Department of Defense said Thursday.

James Taiclet, a board member at Lockheed Martin (NYSE: LMT), has been elected by the board of directors to succeed Marillyn Hewson as president and CEO, effective June 15. Hewson, who has served as president and CEO since 2013 and a 2020 Wash100 award winner, will transition to the role of executive chairman of the board by mid-June, Lockheed said Monday.

Lockheed Martin (NYSE: LMT) has been awarded a $173.2M contract modification by the U.S. Navy to obtain materials, components and support needed to build the 15th batch of F-35 jets.

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential $155M contract to provide electro-optical sensors for integration onto Morocco's Apache attack helicopters.

The Space Force has awarded a $240M contract to Lockheed Martin (NYSE: LMT) and a $191M contract to Boeing (NYSE: BA) to develop payloads to help the service branch secure military satellite communications. The two companies will help the new service branch develop Protected Tactical Satcom payloads for a family-of-systems architecture designed to provide anti-jam, beyond line-of-sight communications to tactical warfighters, the U.S. Air Force said Tuesday.

Lockheed Martin (NYSE: LMT) has received a potential five-year, $286.8M contract from the U.S. Navy to produce, test and deliver towed arrays for the service branch.

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential $1.14B contract modification to manufacture surface-to-surface systems designed to engage service area and point targets.