Artificial intelligence is changing the game across all domains and industries, including in space. Maria Demaree, vice president and general manager of national security space at Lockheed Martin, spoke with Executive Mosaic about how AI is impacting missions from CJADC2 to space and more. Demaree, a two-time Wash100 Award winner, has been with Lo...
Lockheed Martin (NYSE: LMT) has received a potential 10-year, $4.1 billion follow-on contract from the Missile Defense Agency to further develop and integrate updates and capabilities into the Command and Control, Battle Management and Communications system. Under the C2BMC-Next program, Lockheed said Thursday it will improve sensor connection and a...
Lockheed Martin (NYSE: LMT) has secured a $439.9 million contract modification from the U.S. Navy to help military services activate sites and carry out initial aircraft sustainment activities for their F-35 aircraft fleet. The modification covers the provision of support equipment, pilot flight equipment, post-ejection survival training material an...
Lockheed Martin (NYSE: LMT) has secured a $276 million contract from the U.S. Air Force to build and manufacture a software-defined sensor system designed to train aircrew for engagements against advanced X-band and C-band radar threats. The company said Monday it will partner with SRC on the development of the Variable Aperture Digital Radar system...
Lockheed Martin is a multinational aerospace, defense, and technology corporation well-known for its state-of-the-art contributions to space exploration and national security. With more than a century of experience, it has made a name as a pioneer in cutting-edge technological solutions that influence the direction of the aerospace and defense indus...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential two-year, $219.7 million contract modification to supply surface-to-surface precision strike missiles to the service branch. Work on the PrSM Early Operational Capability Lot 3 requirement will occur in Grand Prairie, Texas, through March 6, 2026, the Department of Defense said Tuesda...
Lockheed Martin (NYSE: LMT) has disclosed a nonbinding proposal to acquire spacecraft manufacturer Terran Orbital (NYSE: LLAP) for more than $500 million, SpaceNews reported Friday. The defense contractor offered to pay $1 in cash for each share of Terran Orbital’s outstanding common stock, buy the company’s outstanding warrants for over...
Lockheed Martin (NYSE: LMT) has secured a potential five-year, $111.7 million delivery order under a previously awarded indefinite-delivery/indefinite-quantity contract to design and test an electronic warfare support system for the U.S. Navy’s submarines. The award has a base value of $43.4 million and covers the design and qualification test...
Lockheed Martin (NYSE: LMT) reported its fourth quarter and full year 2023 results. The full-year net sales were stronger than expected, rising two percent year-over-year to $67.6 billion, although it dipped half a percent lower in Q4 2023 to $18.9 billion versus Q4 2022. Also, the backlog reached a record $1.6 billion....
Erika Marshall, formerly a business development vice president at Lockheed Martin (NYSE: LMT), has been appointed VP of the defense contractor's command, control, communications, computers, intelligence, surveillance and reconnaissance portfolio. Marshall assumed the role after leading the C6ISR strategy and business development team for over f...
