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Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson has said she assured President-elect Donald Trump that the company will work to reduce the cost of the F-35 fighter aircraft, CNN reported Friday. Danielle Wiener-Bronner writes Hewson made the remarks in a Twitter post Friday a day after Trump asked Boeing (NYSE: BA) to quote a competin...
Lockheed Martin (NYSE: LMT) has received a potential $284.6 million contract from the U.S. Navy to produce infrared target sight systems for the AH-1Z Cobra attack helicopter. The company™s Orlando, Florida-based missile and fire control unit will produce the sight system in Orlando and Ocala in Florida through January 2022 for the Navy an...
Lockheed Martin (NYSE: LMT) has received a potential three-year, $1.45 billion contract to produce and supply Patriot Advanced Capability-3 and PAC-3 Missile Segment Enhancement interceptors for the U.S. Army and allied countries through a foreign military sales agreement. The fixed-price-incentive contract covers the delivery of 205 PAC-3...
Lockheed Martin (NYSE: LMT) has received an $88 million contract modification from the U.S. Navy to provide Trident II D5 missile field processing and deployed system support. The Defense Department said Monday the military branch issued the modification to fund work and exercise contract options under a previously awarded contr...
Executive Mosaic’s GovCon Index traded higher on contributions from large defense prime contractors as U.S stocks pared back some gains from earlier in the session after the terror attack in a Berlin Christmas market and the assassination of Russia’s ambassador to Turkey. GovCon Index gainers outnumbered decliners by a 3-to-1 r...
TYSONS CORNER, VA, Dec. 19, 2016 ” Lockheed Martin (NYSE: LMT) and Collinear Networks have entered into a partnership in efforts to commercialize wireless transmission technology over a period of more than two years, ExecutiveBiz reported Friday. Collinear has worked to develop a Lockheed-built hybrid point-to-point wireless transmiss...
Lockheed Martin (NYSE: LMT) has purchased a minority stake in San Diego-based semiconductor firm IQ-Analog for an undisclosed amount through the former™s venture capital arm, the Wall Street Journal reported Thursday. Doug Cameron writes the move is part of Lockheed™s efforts to tap emerging technology firms as the Defense Depart...
The U.S. Navy has awarded Lockheed Martin‘s (NYSE: LMT) aeronautics business a $181.2 million contract modification to perform recurring logistics and sustainment work on F-35 fighter jets for U.S. and foreign military customers. The modification covers ground maintenance, action request resolution, depot activation, operations ...
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TYSONS CORNER, VA, Dec. 14, 2016 ” Lockheed Martin (NYSE: LMT) has completed the encapsulation of the EchoStar XIX broadband satellite in anticipation of its Dec. 18 launch aboard United Launch Alliance‘s Atlas V 431 rocket, ExecutiveBiz reported Tuesday. The encapsulation required the satellite to be connected to an a...
