The Defense Department and Lockheed Martin (NYSE: LMT) have finalized an $8.5 billion contract for the manufacturer to supply 90 lot 10 F-35s, an order that is $728 million less than the cost of the previous batch of the fighter jets, Reuters reported Friday. Mike Stone writes the latest F-35 deal lowers the price of the air...
TYSONS CORNER, VA, Feb. 3, 2017 ” Lockheed Martin (NYSE: LMT) has completed and delivered the first F-22 Raptor fighter aircraft to have undergone inlet coating repair work at its Speedline facility in Marietta, Georgia, ExecutiveBiz reported Thursday. The company said Wednesday it performs modification support ser...
TYSONS CORNER, VA, Feb. 2, 2017 ” A joint venture of Lockheed Martin (NYSE: LMT) and MBDA has submitted a bid in response to Poland’s solicitation for an air and missile defense system under the country’s Wisla program, ExecutiveBiz reported Wednesday. Defense News reported Tuesday that MEADS International‘...
Lockheed Martin (NYSE: LMT) has been awarded a potential four-year, $166 million contract to provide automatic test equipment and support services to the U.S. Navy. The Defense Department said Wednesday the contract covers full-rate production of 36 electronic Consolidated Automated Support Systems as well as sustaining...
TYSONS CORNER, VA, Feb. 1, 2017 — The U.S. Navy has awarded a Lockheed Martin (NYSE: LMT) business a $45.8 million delivery order for 29 automatic radar periscope detection and discrimination standard retrofit p-kits for MH-60R helicopters, ExecutiveBiz reported Tuesday. Lockheed’s mission systems and training unit will perform...
TYSONS CORNER, VA, Jan. 30, 2017 ” Lockheed Martin (NYSE: LMT) has opened a new office in Littleton, Colorado, for its autonomous systems business unit, ExecutiveBiz reported Friday. Denver Business Journal reported Wednesday the industrial space is designed to support Lockheed’s efforts to develop new autonomous ...
TYSONS CORNER, VA, Jan. 26, 2017 ” Aerospace Industrial Development Corp. has begun to implement updates to Taiwan’s fleet of Lockheed Martin-built (NYSE: LMT) F-16 Fighting Falcon aircraft, ExecutiveBiz reported Wednesday. Taiwanese state-owned AIDC stated that it expects to complete the modernization work on 144 F-16s in ...
TYSONS CORNER, VA, Jan. 25, 2017 ” The National Oceanic and Atmospheric Administration has released the first image captured by a Harris-built (NYSE: HRS) digital camera onboard the Lockheed Martin-produced (NYSE: LMT) Geostationary Operational Environmental Satellite-16, ExecutiveBiz reported Tuesday. The weather satellite’...
Executive Mosaic’s GovCon Index traded higher Tuesday on a lift from Boeing (NYSE: BA) and government services stocks as Lockheed Martin (NYSE: LMT) fell after the defense contractor reported material weaknesses related to internal controls for financial statements at its Sikorsky helicopter subsidiary. All three major U.S. stock indices also...
TYSONS CORNER, VA, Jan. 24, 2017 — The U.S. Air Force has launched the third Lockheed Martin-built (NYSE: LMT) missile warning satellite that will work to perform infrared surveillance and provide global situation awareness to the U.S. and its allies, ExecutiveBiz reported Monday. The Space Based Infrared System GEO Flight 3 sa...
