A joint venture of Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) has received a $181.3 million contract from the U.S. Army to manufacture guidance electronics unit hybrid regulators for foreign customers. Raytheon/Lockheed Martin Javelin JV will produce the regulators for Estonia and the Czech Republic under the foreign military sal...
TYSONS CORNER, VA, April 1, 2016 ” A joint venture of Lockheed Martin (NYSE: LMT), Jacobs Engineering (NYSE: JEC) and Serco will oversee the operations of the U.K. government’s atomic weapons establishment under an updated contract, ExecutiveBiz reported Thursday. Serco said Thursday the AWE Management Ltd. JV will run the ...
TYSONS CORNER, VA, April 1, 2016 ” Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), has said the company aims to further market expansion efforts through its merger with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business, ExecutiveBiz reported Thursday. Krone told Forbes in an interview pub...
Lockheed Martin (NYSE: LMT) and Austal have been awarded separate contract modifications to build two fiscal 2016 littoral combat ships for the U.S. Navy. Lockheed will build one Freedom-variant warship (LCS 25) under a $564 million contract modification and Austal™s U.S. business will construct an Independence-variant combat vessel (...
TYSONS CORNER, VA, March 31, 2016 ” NASA will build new ground infrastructure at Kennedy Space Center to support the processing of the Lockheed Martin-built (NYSE: LMT) Orion spacecraft and Boeing-built (NYSE: BA) Space Launch System, ExecutiveBiz reported Wednesday. The space agency said Wednesday its plan is the result of an as...
TYSONS CORNER, VA, March 29, 2016 ” Lockheed Martin (NYSE: LMT) has hired Kay Sears, formerly president of Intelsat General, as its space systems organization’s new vice president for strategy and business development, GovCon Executive reported Wednesday. Lockheed said March 22 Sears will be in charge of the business unit’...
Lockheed Martin (NYSE:LMT) has received a $180 million contract modification from the U.S. Navy to continue procurement of F-35 aircraft parts. The Defense Department said Thursday the modification builds on the advance acquisition contract awarded in December 2015 for long-lead-time materials, components and parts for the low-rate in...
Lockheed Martin (NYSE: LMT) has received a $1.5 billion contract modification to fund the procurement of C-130J aircraft for the U.S. Air Force. The Defense Department said Thursday the contract represents full funding for the procurement of long-lead items the Air Force ordered along with 28 fiscal 2016 C-130J. The covered aircraft are&nb...
TYSONS CORNER, VA, March 24, 2016 ” A Lockheed Martin (NYSE: LMT) subsidiary has received a task order under the potential $262 million Transformation Twenty One Total Technology contract to provide claims processing support to the Department of Veterans Affairs, ExecutiveBiz reported Friday. Systems Made Simple will provide a reposit...
TYSONS CORNER, VA, March 23, 2016 ” Lockheed Martin (NYSE: LMT) is working with the U.S. and Indian governments to discuss the potential move of some F-16 aircraft production operations to India, ExecutiveBiz reported Tuesday. The Hindu newspaper reported Monday the plan works to support the country’s recapitalization targe...
