CAE (NYSE: CAE) has agreed to acquire the commercial aviation training business of Lockheed Martin (NYSE: LMT) for an undisclosed sum with no timeframe given for the transaction’s projected closure. Montreal-based CAE said Monday said it seeks to expand its customer-installed base of commercial flight si...
Lockheed Martin (NYSE: LMT) has appointed Ulrich Finkenbusch to head the company’s operations in Germany. Finkenbusch returns to Germany more than one year after a stint with Lockheed’s international business development team in the U.S., the company said Wednesday. He served as a principal foreign policy adviser for ...
Lockheed Martin (NYSE: LMT) has withdrawn a lawsuit it filed in federal court to challenge the U.S. Army‘s selection of Oshkosh Corp. (NYSE: OSK) for the $6.75 billion Joint Light Tactical Vehicle contract, Reuters reported Wednesday. Andrea Shalal writes that John Kent, a Lockheed spokesman, told R...
Howard Ruddell, a former Lockheed Martin (NYSE: LMT) executive, was named the new Social & Scientific Systems executive vice president for corporate development. Ruddell has worked in the government professional services sector for more than 20 years and oversaw strategic planning, business development and operations for federal, ...
The Government Accountability Office has denied the Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) team’s protest of the U.S. Air Force‘s award of the highly-classified Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC) in a ruling that could give way for engineering and development work to start. Boeing and Lockheed hold a...
TYSONS CORNER, VA, February 12, 2016 ” A rocket built by the joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) carried a national security payload to space as part of the NROL-45 mission, ExecutiveBiz reported Thursday. United Launch Alliance said Wednesday an Aerojet Rocketdyne (NYSE: AJRD) RS-68A engi...
Oshkosh Corp. (NYSE: OSK) said Friday it will continue work on the potential $6.75 billion contract awarded in August 2015 to build the Humvee ground vehicle replacement for the U.S. Army and Marine Corps after a federal claims court denied Lockheed Martin‘s (NYSE: LMT) request for a preliminary injunction. Lockheed shifted its challenge of Os...
Lockheed Martin (NYSE: LMT) has received a three-year, $141.9 million foreign military sales contract from the U.S. Navy to perform reactivation and modernization work on P-3B maritime patrol aircraft for Greece. The Defense Department said Thursday that Lockheed’s aeronautics segment will restore one P-3B and obtain hardware kits needed ...
TYSONS CORNER, VA, February 10, 2016 ” MBDA has delivered the first Advanced Short Range Air-to-Air Missile to the U.K. in preparation for integration, fire tests and flight trials with the Lockheed Martin-built (NYSE: LMT) F-35B Lightning II jet, ExecutiveBiz reported Tuesday. MBDA said Monday it has also worked with B...
TYSONS CORNER, VA, February 9, 2016 ” The Remote Radar Head built by a Serco–Lockheed Martin (NYSE: LMT) team is now in full operations in the U.K. and will work to alleviate the Sheringham Shoal offshore wind farm’s potential impact on British air defense missions, ExecutiveBiz reported Monday. Serco said Thursday th...
