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Peter Ruddock Appointed CEO of Lockheed’s UK Arm; Stephen Ball to Retire

Peter Ruddock, business development director for Lockheed Martin‘s (NYSE: LMT) subsidiary in the U.K., will elevate to the chief executive role there on Jan. 2,  2016. The company said Wednesday he will oversee more than 3, 000 employees across 21 sites for the London-headquartered Lockheed Martin UK subsidiary. Ruddock will …

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Vinny Sica: Lockheed Upgrades to Help Sustain Air Force GPS Control Segment

TYSONS CORNER, VA, November 16,  2015 — Lockheed Martin‘s (NYSE: LMT) GPS Intrusion Protection Reinforcement updates for the U.S. Air Force has entered into full operations, ExecutiveBiz reported Tuesday. “The GPS Control Segment Sustainment contract is vitally important to the sustainment of positioning, navigation and timing services for our military, …

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State Dept OKs Finland’s $150M Purchase of Lockheed Martin Rocket Pods

TYSONS CORNER, VA, November 12,  2015 — Finland’s proposed $150 million purchase of Lockheed Martin (NYSE: LMT) rocket systems and warhead rockets has received clearance from the State Department under the foreign military sales program, ExecutiveBiz reported Wednesday. The Defense Security Cooperation Agency said Tuesday Finland plans to use the rocket pods …

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Lockheed Martin to Prepare DARPA RF Mapping Tech for Transition

TYSONS CORNER, VA, November 11,  2015 — Lockheed Martin (NYSE: LMT) will prepare the Defense Advanced Research Projects Agency‘s radio frequency mapping technology for transition to the U.S. Marine Corps under an $11.8 million contract for the program’s final phase, ExecutiveBiz reported Tuesday. DARPA said Friday Lockheed will further develop RadioMap technologies through Phase …

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France Requests $650M Lockheed C-130J Transport, Refueling Aircraft Sale

The State Department has approved France’s request to purchase four Lockheed Martin-built (NYSE: LMT) transport planes and tankers from the U.S. government under a $650 million foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday the future sale includes two C130J transport planes and two KC-130J tankers with turboprop engines from Rolls-Royce plus four engine …

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Lockheed Lands $969M Contract Modification to Produce Air Force C130-J Aircraft

Lockheed Martin (NYSE: LMT) has received a potential five-year, $968.7 million contract modification to build 17 C-130J transport planes for the U.S. Air Force. The award covers the production of six C-130J-30 Super Hercules, nine MC-130J Commando II, one KC-130J tanker and one HC-130J Combat King II aircraft, the Defense Department said Tuesday. …

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Army Fires Lockheed-Built Missiles in Tactical Munitions Test

TYSONS CORNER, VA, November 10,  2015 — The U.S. Army has test-fired Lockheed Martin‘s (NYSE: LMT) Guided Multiple Launch Rocket System and Army Tactical Missile System during a tactical munitions reliability activity in New Mexico, ExecutiveBiz reported Monday. The company said Monday the Army fired eight GMLRS and one ATACMS from the High Mobility Artillery Rocket …

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Navy Awards Lockheed $113M F-35A Long Lead Parts Contract Modification

Lockheed Martin (NYSE: LMT) has received a $112.8 million contract modification from the U.S. Navy to obtain an undisclosed number of long-lead time components for F-35A fighter aircraft. The Defense Department said Monday Lockheed’s aeronautics business will help procure additional materials for the company to build and deliver a 10th lot of F-35A jets to …

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US Govt Clears $115M Sale of Lockheed-Built Targeting Pods to Kuwait

TYSONS CORNER, VA, November 9,  2015 — The State Department has cleared a potential $115 million sale of Lockheed Martin‘s (NYSE: LMT) Sniper Advanced Targeting Pods to Kuwait as part of a foreign military sale agreement, ExecutiveBiz reported Friday. The Defense Security Cooperation Agency said Thursday the Kuwait government requested 14 targeting …

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Lockheed Awarded $263M to Maintain Saudi Arabia’s F-15 Sensors; Paul Lemmo Comments

Lockheed Martin (NYSE: LMT) has been awarded a $262.8 million contract with the U.S. Air Force to maintain sensor suites on Saudi Arabia’s F-15 aircraft. The company will work with Saudi-based Advanced Electronics Co. to sustain the sniper advanced targeting pods, LANTIRN navigation pods and infrared search and track systems, Lockheed said …

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