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Lockheed Martin (NYSE: LMT) has been awarded a potential three-year, $197.6 million contract modification to carry out computer program baseline development work on the U.S. Navy‘s Aegis combat systems. The contract also covers design, testing, systems engineering, delivery and integration work on technology insertion-relat...

Lockheed Martin (NYSE: LMT) has received a $106 million contract modification to manufacture additional C-130J aircraft for the U.S. Air Force for fiscal year 2017. The company will build two C-130J-30, three HC-130J, five MC-130J and one KC-130J under the multiyear production contract, the Defense Department said Tuesday. Lockheed will pr...

TYSONS CORNER, VA, March 14, 2016 ” The Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) joint venture United Launch Alliance has assigned $134 million toward the development of the Vulcan rocket in an effort to be independent from the Russian RD-180 engine, ExecutiveBiz reported Friday. Space News reported Thursday&nb...

Lockheed Martin (NYSE: LMT) has been awarded a potential $93.4 million contract to design and produce eight inertial navigation subsystems for the U.S. Navy™s Trident II D5 missiles. The sole-source contract also covers continued technology refresh development support for Shipboard Systems Integration increment 8 and SSI incremen...

TYSONS CORNER, VA, March 11, 2016 ” Lockheed Martin and partner Michelin North America will manage the U.S. Navy™s naval aviation tires under a potential four-year, $131 million contract, ExecutiveBiz reported Thursday. The two companies worked together on the initial contract which resulted in the delivery of more than 440, 000 tires over...

TYSONS CORNER, VA, March 10, 2016 ” A Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture will help fund the development of Aerojet Rocketdyne™s AR-1 and Blue Origin™s BE-4 rocket engines, ExecutiveBiz reported Wednesday. National Defense magazine reported Tuesday that United Launch Alliance will invest in the on...

Sikorsky Aircraft, a subsidiary of Lockheed Martin (NYSE: LMT), has received a $387.2 million contract modification to produce additional Black Hawk helicopters for the U.S. Army. Sikorsky will deliver 35 UH-60M Black Hawk helicopters to the Army to exercise an option in a previously awarded contract, the Defense Department said Tuesday. T...

TYSONS CORNER, VA, March 8, 2016 ” Orbital ATK (NYSE: OA) and Aerojet Rocketdyne have received separate contracts from the U.S. Army to test propulsion systems for the Lockheed Martin-built (NYSE: LMT) Guided Multiple-Launch Rocket System, ExecutiveBiz reported Monday. The Defense Department said Friday the Army awarded a $17.8 millio...

Barbie Bigelow, a former senior vice president and chief information officer at Engility™s (NYSE: EGL) TASC subsidiary, will join Pasadena, Calif.-based construction services contractor Jacobs Engineering Group (NYSE: JEC) as SVP and CIO. Bigelow will directly report to Chief Financial Officer Kevin Berryman and start in the role on&n...