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Lockheed F-22 Receives AFA Alison Award for 2015

TYSONS CORNER, VA, October 2,  2015 — GovCon Executive reported Thursday on Lockheed Martin’s F-22 Raptor program being named a recipient of the 2015 John R. Alison Award. The recognition comes from the Air Force Association, which picks winners for their “outstanding contribution to national defense.” AFA bestowed the award at …

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Lockheed Gets $1.5B Modification on Navy Trident II D5 Missile Contract

Lockheed Martin (NYSE: LMT) has been awarded a potential $1.5 billion contract modification to provide the U.S. Navy with additional Trident II D5 missiles and related support services. The contract modification also covers life extension production and development and deployed systems support work on the missiles to be carried out in …

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DoD Seeks to Lock in Next Lockheed F-35 Orders By Fall

TYSONS CORNER, VA September 25, 2015 — ExecutiveBiz reported Thursday that Lockheed Martin (NYSE: LMT) could be nearing final talks with the Defense Department over a new round of F-35 fighter jet orders. Reuters reported Tuesday on remarks by Frank Kendall, the Pentagon’s top acquisition chief, referring to negotiations for the ninth and …

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Reports: US Regulators OK Lockheed’s Sikorsky Acquisition

U.S. regulators have approved Lockheed Martin‘s (NYSE: LMT) $9 billion acquisition of United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary, Reuters reported Thursday. Andrea Shalal writes that filings with the U.S. Securities and Exchange Commission indicate that U.S. officials, as well as regulators in Japan and South Korea, have approved the acquisition deal. …

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Lockheed’s Additional $3B Stock Buyback Plan Gets Board OK

Lockheed Martin (NYSE: LMT) will buy back as much as $3 billion of company stock following approval from its board of directors. The company said Thursday any transaction that will be made under its extended share repurchase program is subject to authorization from management and market regulations. Lockheed reported $45.6 …

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Lockheed Exhibits New Amphibious Combat Vehicle Offering

TYSONS CORNER, VA September 24, 2015 — Lockheed Martin (NYSE: LMT) has taken the wraps off a new amphibious combat vehicle it plans to offer as replacement candidate for the U.S Marine Corps assault amphibious vehicle. The modular eight-wheel-drive armored ACV 1.1 is upgradable and designed to accommodate a variety of weapons, sensors …

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Lockheed Lands $120M Navy Submarine Imaging System Engineering Contract

Lockheed Martin (NYSE: LMT) has received a $120, 400, 598 contract modification to engineer and test the U.S. Navy’s submarine imaging system. The company will work to design, refresh, reverse engineer, assess and develop the AN/BVY-1 system, the Defense Department said Wednesday. Lockheed will execute the option under a previously awarded …

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Lockheed Orders Selex Precision Lasers for F-35 EOTS

TYSONS CORNER, VA September 21, 2015 — Lockheed Martin (NYSE: LMT) has ordered 165 Selex precision ranging and targeting lasers for the F-35’s electro-optical targeting system, ExecutiveBiz reported Friday. The follow-on contract expands the business partnership at the same time the Finmeccanica company’s lasers manufacturing facility in Edinburgh, Selex said Tuesday. …

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Lockheed Receives Work on UK Desert Hawk Core Support Program

TYSONS CORNER, VA September 18, 2015 — The British defense ministry has picked Lockheed Martin (NYSE: LMT) to help transition the Desert Hawk unmanned aerial system to become part of the U.K.’s core defense platform. Lockheed said the contract comes amid a growing need for drones in changing environments and a $250 …

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Paul Lemmo: Lockheed Demos Infirno HD Sensor’s Detection, ID Functions

TYSONS CORNER, VA September 17, 2015 — Lockheed Martin (NYSE: LMT) has tested its Infirno sensor system to evaluate the technology’s detection and identification functions using high-definition video at various ranges and environments, ExecutiveBiz reported Wednesday. Paul Lemmo, vice president of Fire Control/SOF CLSS at Lockheed Martin, said Tuesday the …

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