Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions from the company’...
Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index̵...
Erich Sanchack, formerly vice president of competitive enhancements at Lockheed Martin (NYSE: LMT), has been named senior VP of federal sales at CenturyLink (NYSE: CTL) in a move that takes effect Nov. 1. CenturyLink said Tuesday he will succeed Tim Meehan, who will transition to a new role as VP of ...
TYSONS CORNER, VA, Oct. 24, 2016 ” Lockheed Martin (NYSE: LMT) plans to establish a program management office at the Falcon Hill National Aerospace Research Park at Hill Air Force Base for the Intercontinental Ballistic Missile replacement effort, ExecutiveBiz reported Friday. The company said Thursday it has selected the lo...
A business unit of Lockheed Martin (NYSE: LMT) has received a $92.8 million contract modification to perform engineering and interim logistics work on a military communications satellite system for the U.S. Navy. Lockheed Martin Space Systems will also deliver spares and associated materials for the military branch...
TYSONS CORNER, VA, Oct. 18, 2016 ” The F-35 fighter jets built by Lockheed Martin (NYSE: LMT) for the U.S. Air Force are scheduled to complete repairs to their fuel pipes and resume operations by the end of the year, ExecutiveBiz reported Monday. Breaking Defense reported Friday the F-35 Joint Program Office has indicated that re...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $743.2 million modification under a previously awarded advance acquisition contract for the ninth batch of F-35 fighters. The Defense Department said Monday the modification allocates additional funds to address diminishing manufacturing and material shortages for redesign and development...
TYSONS CORNER, VA, Oct. 17, 2016 ” Lockheed Martin (NYSE: LMT) has submitted its bid and named the companies it will subcontract for the U.S. Air Force™s ground-based strategic deterrent program, ExecutiveBiz reported Thursday. The National Defense Magazine reported Thursday General Dynamics (NYSE: GD), D...
TYSONS CORNER, VA, Oct. 17, 2016 ” Lockheed Martin (NYSE: LMT) will provide a gap-filler radar system to Jordan under a potential $41.6 million foreign military sales deal through the U.S. Air Force, ExecutiveBiz reported Friday. The Defense Department said Thursday the contract also covers the supply of two new lo...
TYSONS CORNER, VA, Oct. 14, 2016 ” Lockheed Martin (NYSE: LMT) has unveiled a fifth global information technology service center in Puerto Rico in efforts to meet demand for IT support to the company’s approximately 98, 000 employees around the world, ExecutiveBiz reported Thursday. News is my Business report...
