Lockheed Martin (NYSE: LMT) has dropped its plans to buy small satellite manufacturer Terran Orbital (NYSE: LLAP) for more than $500 million, SpaceNews reported Thursday. The Bethesda, Maryland-based aerospace and defense contractor confirmed to SpaceNews that it will no longer pursue its offer to acquire Terran Orbital. “We are committed to suppo...
Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders th...
Lockheed Martin‘s (NYSE: LMT) rotary and mission systems division has secured a $157 million contract to help the U.S. Air Force sustain the enterprise management software of the service branch’s air-launched cruise missile system. The contractor will perform sustainment and modernization of the Joint Air-to-Surface Standoff Missile ente...
Lockheed Martin (NYSE: LMT) has been selected to develop the Missile Defense Agency’s next-generation missile interceptor system designed to defend the U.S. homeland against intercontinental ballistic missile threats. The company said Monday it will serve as the prime contractor on the Next Generation Interceptor program and spearhead the syst...
Artificial intelligence is changing the game across all domains and industries, including in space. Maria Demaree, vice president and general manager of national security space at Lockheed Martin, spoke with Executive Mosaic about how AI is impacting missions from CJADC2 to space and more. Demaree, a two-time Wash100 Award winner, has been with Lo...
Lockheed Martin (NYSE: LMT) has received a potential 10-year, $4.1 billion follow-on contract from the Missile Defense Agency to further develop and integrate updates and capabilities into the Command and Control, Battle Management and Communications system. Under the C2BMC-Next program, Lockheed said Thursday it will improve sensor connection and a...
Lockheed Martin (NYSE: LMT) has secured a $439.9 million contract modification from the U.S. Navy to help military services activate sites and carry out initial aircraft sustainment activities for their F-35 aircraft fleet. The modification covers the provision of support equipment, pilot flight equipment, post-ejection survival training material an...
Lockheed Martin (NYSE: LMT) has secured a $276 million contract from the U.S. Air Force to build and manufacture a software-defined sensor system designed to train aircrew for engagements against advanced X-band and C-band radar threats. The company said Monday it will partner with SRC on the development of the Variable Aperture Digital Radar system...
Lockheed Martin is a multinational aerospace, defense, and technology corporation well-known for its state-of-the-art contributions to space exploration and national security. With more than a century of experience, it has made a name as a pioneer in cutting-edge technological solutions that influence the direction of the aerospace and defense indus...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential two-year, $219.7 million contract modification to supply surface-to-surface precision strike missiles to the service branch. Work on the PrSM Early Operational Capability Lot 3 requirement will occur in Grand Prairie, Texas, through March 6, 2026, the Department of Defense said Tuesda...
