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Lockheed Martin (NYSE: LMT) has received a $116.82 million contract modification to upgrade, integrate and sustain the U.S. Air Force™s Joint Air-to-Surface Standoff Missiles. The modification exercises the option on a previously awarded contract for production, system upgrade, maintenance, management and logistical work in support of...
TYSONS CORNER, VA, March 2, 2016 ” Lockheed Martin (NYSE: LMT) and its partners will work on the preliminary design of the Quiet Supersonic Transport X-plane under a $20 million task order award from NASA, ExecutiveBiz reported Tuesday. The space agency said Tuesday the award is part of its New Aviation Horizons program, whi...
Lockheed Martin (NYSE: LMT) has received a $769.5 million contract modification to conduct logistics maintenance for F-35 Lightning II aircraft delivered to the U.S. military, non-Defense Department participants and foreign military sales customers. The company will perform ground maintenance, depot activation, action request resolution, automa...
John Rood, vice president of government affairs at Lockheed Martin (NYSE: LMT), will transition into new roles as senior vice president of the company’s international business organization and corporate officer by March 7. He will oversee the organization’s expansion strategies as well as facilitate its government relations, client...
TYSONS CORNER, VA, February 29, 2016 ” A Lockheed Martin (NYSE: LMT) executive has said the company will work to cover the production of F-35 aircraft through a potential international block buy in fiscal year 2017, ExecutiveBiz reported Friday. Defense News reported Thursday Jeff Babione, Lockheed’s F-35 program manager, told report...
TYSONS CORNER, VA, February 26, 2016 ” Lockheed Martin (NYSE: LMT) currently works on the redesign of the U.S. Navy‘s Submarine Warfare Federated Tactical Systems installed on several submarine classes, ExecutiveBiz reported Thursday. The company said Tuesday it will perform work at its anti-submarine warfare laboratory in Virgi...
The team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will not pursue a legal challenge in federal claims court of the U.S. Air Force™s award of the Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC), Bloomberg reported Friday. Julie Johnsson writes the decision comes a week after the Government Accoun...
TYSONS CORNER, VA, February 25, 2016 ” Sikorsky, a Lockheed Martin (NYSE: LMT) subsidiary, has partnered with Saudi Arabia’s Taqnia Aeronautics to explore the potential production of the S-70 Black Hawk helicopter in the country, ExecutiveBiz reported Wednesday. Lockheed said Tuesday the partnership aims to facili...
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 ...
