Lockheed Martin‘s (NYSE: LMT) space business segment has secured a $1.2 billion contract modification to manufacture submarine-launched ballistic missiles for the U.S. Navy and a foreign military sales customer. The modification covers the production of Trident II D5 ballistic missiles and the provision of deployed systems support services for...
The U.S. Air Force awarded Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary a potential seven-year, $650 million contract to make upgrades to the HH-60W Combat Rescue Helicopter. The indefinite-delivery/indefinite-quantity award includes a $91 million initial delivery order and a minimum guarantee contract, the Department of Defense sai...
Lockheed Martin’s (NYSE: LMT) rotary and mission systems business has secured a potential seven-year, $1.05 billion contract to help the U.S. Navy integrate a combat management system across the Surface Force. The defense contractor will provide systems engineering and software integration services for the Integrated Combat System supporting the N...
Jim Taiclet, CEO of Lockheed Martin (NYSE: LMT), said the defense and aerospace contractor is in “late-stage negotiations” with a solid-rocket motor company to create a new supplier of solid rocket motor propulsion systems, DefenseNews reported Thursday. Speaking before the House Armed Services Cyber, Information Technologies and Innovation subc...
RTX (NYSE: RTX) and Lockheed Martin (NYSE: LMT) won other transaction authority agreements with a combined value of more than $730 million to perform necessary upgrades and replacement of FIM-92 Stinger missiles for the U.S. Army. RTX is expected to complete the OTA by March 2028, while Lockheed has until June 2028 to fulfill the...
Executive Mosaic, the Capital region’s premier government contracting membership organization, has named Lockheed Martin Vice President Jim Keffer as the chair of its 4×24 leadership series’ Multi-Domain Group. 4×24 is a favored tradition among GovCon’s most esteemed professionals, a combined social gathering, meeting of th...
Juanita Tavares, former vice president of production operations at Lockheed Martin‘s (NYSE: LMT) space business, has transitioned to the role of VP of global supply chain management at the Bethesda, Maryland-baed defense contractor, according to her LinkedIn post. She has been with Lockheed since September 2020, joining the company as director...
Lockheed Martin‘s (NYSE: LMT) space business has secured a $315.9 million contract modification from the U.S. Navy for continued work in support of the service branch’s intermediate range hypersonic missile program. The award covers options for equipment design, development, construction and integration for the Navy Intermediate Range Co...
Hank Tucker, a nearly 13-year Lockheed Martin (NYSE: LMT) veteran, has started a new role as vice president for mission systems at the company’s missiles and fire control business. He announced his new post Monday on LinkedIn and will also hold the sensors and global sustainment deputy title. “I will be responsible for strategy and...
Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) have received $1.5 billion in prototype agreements from the Space Development Agency to develop and operate 72 Beta satellites for the second tranche of the Proliferated Warfighter Space Architecture’s transport layer. SDA said Monday the PWSA Tranche 1 Transport Layer Beta prototype sat...
