Shares in Lockheed Martin (NYSE: LMT) traded down approximately 5 percent as noon Eastern time approached Monday after President-elect Donald Trump criticized the F-35 Joint Strike Fighter program on Twitter in the early morning hours. “The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and...
TYSONS CORNER, VA, Dec. 9, 2016 ” The U.S. Air Force will select two Air National Guard bases to host its Lockheed Martin-built (NYSE: LMT) F-35A Joint Strike Fighter jet, Executive Gov reported Thursday. The military service will choose from Dannelly Field Air Guard Station, Gowen Field Air Gu...
TYSONS CORNER, VA, Dec. 8, 2016 ” The U.S. Air Force‘s Space and Missile Systems Center has approved the launch of the third Lockheed Martin-built (NYSE: LMT) Space Based Infrared System missile-warning satellite, Executive Gov reported Wednesday. Space News reported Tuesday the military service also cleared an update for t...
TYSONS CORNER, VA, Dec. 6, 2016 ” Lockheed Martin (NYSE: LMT) has updated the ground control system of the U.S. Air Force‘s Global Positioning System satellites as part of the GPS operational control segment modernization effort, ExecutiveBiz reported Friday. The Commercial Off-the-Shelf Upgrade #2 became fully operational ...
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Lockheed Martin (NYSE: LMT) has been awarded a four-year, $133.4 million contract modification by the U.S. Air Force to provide a stretch version of the C-130J Super Hercules airlifter to France. Lockheed’s aeronautics business will build C-130J-30 aircraft for the French military at a company facility in Marietta, Georgia, and ...
The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defen...
TYSONS CORNER, VA, Nov. 30, 2016 ” Lockheed Martin (NYSE: LMT) will restructure its training and logistics systems business in an effort to boost client service efficiency and mitigate engineering, development and proposal costs, ExecutiveBiz reported Tuesday. The company said Monday it will categorize its training and logistics offerings into ...
The State Department has approved a potential $200 million foreign military sale of Lockheed Martin-built (NYSE: LMT) Joint Air-to-Surface Standoff Missile Extended Range systems, equipment and training services to Poland. Poland ordered 70 units of AGM-158B JASSM-ER, two flight test vehicles, two mass simulant vehicles, on...
The Defense Department has paid Lockheed Martin (NYSE: LMT) an upfront fee of $1.28 billion to bankroll the 10th batch of F-35 aircraft through a potential $7.19 billion “undefinitized” contract action by DoD, Bloomberg reported Wednesday. Anthony Capaccio writes DoD made the down payment to Lockheed as both parties work t...
