The Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $1.3 billion contract modification to deliver 13 F-35 low-rate initial production fighter planes to the U.S. Navy, Marine Corps and Air Force. The Defense Department said Monday the obligated amount of $311.9 million at the time of award is from the three service branc...
A Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) joint venture has secured a potential $116.7 million contract to produce fire control radar systems for India through a foreign military sales deal. Longbow LLC will also support the U.S. Army‘s Apache Attack Helicopter Project Management Office under the firm-fixed-...
TYSONS CORNER, VA, April 28, 2016 ” Rick Ambrose, executive vice president of the space systems business at Lockheed Martin (NYSE: LMT), believes the integration of defense and commercial systems works to support the future space requirements of government, ExecutiveBiz reported Tuesday. Ambrose told Space News in an interview p...
TYSONS CORNER, VA, April 27, 2016 ” Lockheed Martin‘s (NYSE: LMT) mission systems and training business will provide logistics, maintenance and support services for an estimated 400 Consolidated Automated Support System stations under a $21.9 million U.S. Navy contract, ExecutiveBiz reported Tuesday. The Defense Department ...
The merger of Leidos Holdings (NYSE: LDOS) with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business involves “one or two” contracts for systems engineering and technical assistance service work that has largely been spun out of the latter company, Leidos CEO Roger Krone told investors Tuesday. ...
The GovCon Index outpaced narrow activity in U.S. financial markets Tuesday with a sharp gain of 1.258 percent to 76.924 Tuesday on Lockheed Martin‘s (NYSE: LMT) lift of its full-year earnings and revenue outlook and subsequent positive swings by many prime aerospace and defense contractors. Lockheed led all net change gain...
Lockheed Martin (NYSE: LMT) has one pending regulatory review remaining in the U.K. over the merger of its information systems and global solutions business with Leidos Holdings (NYSE: LDOS) ahead of the deal’s intended closure in either the third or fourth quarter, Lockheed CEO Marillyn Hewson told investors Tuesday. Both compa...
Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based ae...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $73.8 million contract modification to acquire long-lead parts and components needed to build F-35A fighter jets for Japan. The Defense Department said Friday that Lockheed will use the materials to complete and deliver six F-35As under low-rate initial production Lot 12 to ...
TYSONS CORNER, VA, April 21, 2016 ” Lockheed Martin (NYSE: LMT) and the Defense Department‘s F-35 joint program office have concluded initial tests on a prototype third-generation helmet for the fighter jet, ExecutiveBiz reported Wednesday. Defense News reported Tuesday the team also integrated design updates on the F-35 es...
