Lockheed Martin (NYSE: LMT) reported a 9 percent year-over-year increase in fiscal 2024 second-quarter net sales to $18.1 billion, a total backlog of $158 billion and Q2 net earnings of $1.6 billion, or $6.85 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it recorded $1.9 billion in cash from operations and fre...
Lockheed Martin (NYSE: LMT) has secured a $180.5 million contract modification from the U.S. Navy for continued delivery of AN/SQQ-89A (V) 15 anti-submarine warfare systems and engineering support services. The Department of Defense said Friday Lockheed’s rotary and mission systems business will develop, integrate, manufacture and test Hypervisor ...
Sikorsky, a Lockheed Martin (NYSE: LMT) company, has received a U.S. Army contract modification worth $251.5 million for UH-60M aircraft delivery. The Department of Defense said Thursday Sikorsky will perform contract work at its Stratford, Connecticut location until June 30, 2027, the award’s estimated completion date. The full contract modif...
GovCon industry veterans Ron Fehlen and Jeff Schrader announced in separate LinkedIn posts that they have assumed new vice president roles within Lockheed Martin’s (NYSE: LMT) space business. Fehlen will serve as VP of mission architect for national security space at Lockheed Martin Space and Schrader will take on the role of VP of strategy...
Tony DeSimone has been appointed vice president of enterprise engineering at Lockheed Martin (NYSE: LMT). DeSimone announced his new role on LinkedIn, saying that, in this new position, he will be responsible for leading E&T execution across the company’s four business areas as well as its enterprise operations. A defense industry veteran ...
Lockheed Martin (NYSE: LMT) has secured a potential $226.8 million contract from the U.S. Army to provide Army Tactical Missile System missiles and launching assemblies. The Department of Defense said Tuesday Army Contracting Command is the contracting activity. One offer was received for the hybrid contract through an online solicitation. Work will...
Lockheed Martin (NYSE: LMT) has received a potential $122.4 million contract from the Missile Defense Agency to continue providing systems development, sustainment and test support services for the Long Range Discrimination Radar program. The Department of Defense said Friday the company will perform work in Moorestown, New Jersey and Clear, Alaska,...
Lockheed Martin (NYSE: LMT) has received a potential three-year, $5.3 billion contract from the U.S. Army to produce Phased Array Tracking Radar to Intercept on Target or PATRIOT Advanced Capability-3 missiles. The Department of Defense said Friday Army Contracting Command at Redstone Arsenal in Alabama received one offer for the PAC-3 missile produ...
Lockheed Martin‘s (NYSE: LMT) aeronautics business has secured a $1.56 billion contract from the U.S. Navy to provide F-35 logistics support services for domestic and international military customers. The contractor will perform ground maintenance, depot activities, automatic logistics information system operations and maintenance, supply chai...
Lockheed Martin (NYSE: LMT) has secured a potential one-year, $534 million contract modification from the U.S. Navy to provide systems engineering, development and testing support services for the Conventional Prompt Strike program. The Department of Defense said Wednesday the cost-plus-incentive-fee contract modification includes an optional line i...
