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Lockheed Secures $348M Contract Funds for F-35 Special Tools, Test Equipment Production

Lockheed Martin (NYSE: LMT) has received a three-year, $348.2M U.S. Navy contract modification to fund the production of special tools and test equipment for lot 12 F-35 jets. The Naval Air Systems Command is obligating the full amount of the modification from Navy, Marine Corps, Air Force and non-Department of Defense partner and foreign military sales funds, DoD said Tuesday.

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Lockheed Wins Potential $125M Contract to Engineer Navy Guided Missile Frigate Combat System

Lockheed Martin (NYSE: LMT) has won a potential $124.9M contract to integrate and test a combat system on guided missile frigate vessels for the U.S. Navy. The service branch received three offers for the cost-plus-incentive-fee, cost-plus-fixed-fee, firm-fixed-price contract via FedBizOpps, the Department of Defense said Monday.

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Lockheed Volunteers Satellites for Space Sustainability Project; Rick Ambrose Quoted

TYSONS CORNER, VA, June 24, 2019 — Lockheed Martin has offered its satellites to join a space sustainability project of the World Economic Forum which aims to determine how satellites follow best practices for debris mitigation and other space operations issues, ExecutiveBiz reported Thursday.

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Cubic to Provide Video Data Link Systems for Lockheed’s F-35 Update; Mike Twyman Quoted

TYSONS CORNER, VA, June 17, 2019 — A Cubic (NYSE: CUB) business unit will supply video data link systems to Lockheed Martin (NYSE: LMT) in support of a follow-on modernization program to further develop the combat capability of the F-35 Lightning II fighter aircraft, ExecutiveBiz reported Tuesday. Cubic Mission Solutions …

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Lockheed Unveils Object Recognition Tool With Deep Learning Capability; Maria Demaree Quoted

TYSONS CORNER, VA, June 13, 2019 — Lockheed Martin (NYSE: LMT) showcased a cloud-based object identification tool at the recent GEOINT 2019 Symposium, previously demonstrating how it analyzes satellite imagery using Maxar Technologies‘ (NYSE: MAXR) Geospatial Big Data platform, ExecutiveBiz reported June 6. The Global Automated Target Recognition system works …

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