The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential nine-year, $1.20 billion contract to support modernization of South Korea’s fleet of F-16 Fighting Falcon jets. Lockheed will perform the F-16 upgrades as part of a foreign military sales agreement between the governments of the U.S. and South Korea, the Defense Depart...
TYSONS CORNER, VA, Nov. 15, 2016 ” DigitalGlobe (NYSE: DGI) has launched its new Lockheed Martin-built (NYSE: LMT) commercial imaging satellite onboard an Atlas V rocket from Vandenberg Air Force Base in California, ExecutiveBiz reported Monday. The WorldView-4 satellite will work to increase the number of images in DigitalGlobe’s co...
Lockheed Martin (NYSE: LMT) has received a $125.2 million contract modification for engineering and technical support work on commercial off-the-shelf sonar equipment for the U.S. Navy. The Defense Department said Monday that Lockheed’s rotary and mission systems business will continue to develop and produce Acoustic-Rapid COTS Inser...
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TYSONS CORNER, VA, Nov. 11, 2016 ” Marillyn Hewson, Lockheed Martin (NYSE: LMT) CEO, has stated that sustained investment, interoperability and talent development could support and maintain the technological edge of NATO and its partners, ExecutiveBiz reported Thursday. Hewson noted in written remarks published Wednesday that a defense industri...
TYSONS CORNER, VA, Nov. 7, 2016 ” The Defense Department‘s cost assessment and program evaluation office has unveiled its new Lockheed Martin-built (NYSE: LMT) cost-tracking software to aid DoD estimators in evaluating the agency’s programs, ExecutiveBiz reported Thursday. The FlexFile program is design...
TYSONS CORNER, VA, Nov. 4, 2016 ” Lockheed Martin (NYSE: LMT) has delivered a C-5M Super Galaxy airlifter to the Joint Base San Antonio-Lackland, Texas where it will be assigned to the U.S. Air Force Reserve Command™s 433rd Airlift Wing, ExecutiveBiz reported Thursday. The company said Tuesday the airlifter was ferried from ...
The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel a...
TYSONS CORNER, VA, Nov. 2, 2016 ” Turkey’s defense procurement panel is set to acquire a second batch of Lockheed Martin-built (NYSE: LMT) F-35 Lightning II fighter aircraft through the multinational Joint Strike Fighter program, ExecutiveBiz reported Tuesday. Defense News reported Monday the country aims to build a new-generation aircraf...
Lockheed Martin (NYSE: LMT) has received a $536.4 contract modification from the U.S. Air Force to provide sustainment services for the military branch’s F-22 Raptor aircraft fleet. The Defense Department said Monday work will occur in Fort Worth, Texas through Dec. 31, 2017. The Air Force obligated $62 million in fiscal 2017 operati...
