Lockheed Martin (NYSE: LMT) will provide diminishing manufacturing sources parts for the F-35 aircraft production and sustainment under a $79 million cost-plus-fixed-fee contract from the U.S. Navy. The Department of Defense said Wednesday the procurement will support fighter jets of the Air Force, Marine Corps, Navy, foreign military sales customer...
Lockheed Martin (NYSE: LMT) has secured a pair of modifications worth $553.4 million combined to build and deliver surface-to-surface rocket weapon systems to the U.S. Army and foreign military customers. The company will provide Guided Multiple Launch Rocket Systems to the service branch under a $332.1 million modification to a GMLRS supply contrac...
Lockheed Martin (NYSE: LMT) has secured an $861.3 million contract modification to produce and deliver additional high mobility artillery rocket system launchers and provide support services for the U.S. Army. Army Contracting Command-Redstone received one bid for the firm-fixed-price contract modification via the internet and will determine work lo...
Lockheed Martin‘s missiles and fire control business (NYSE: LMT) will assess the potential of integrating enabling technologies into a prototype weapon system as part of a U.S. Army award with a $170.2 million ceiling value. Work under the other transaction authority agreement will occur in Grand Prairie, Texas, and several locations through F...
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...
