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 ...
Lockheed Martin (NYSE: LMT) has withdrawn a lawsuit it filed in federal court to challenge the U.S. Army‘s selection of Oshkosh Corp.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...
