Andre Trotter, a 15-year Lockheed Martin (NYSE: LMT) veteran, has been named segment vice president for deep space exploration, weather/earth sciences and commercial solutions at the Bethesda, Maryland-headquartered defense contractor. He announced his new post Saturday on LinkedIn and assumed the role after serving as VP overseeing Lockheed’s...
Defense contractors are in focus lately and Lockheed Martin (NYSE: LMT) is the first to report third-quarter earnings since recently. In the three months that ended Sept. 24, 2023, net sales increased nearly two percent to $16.9 billion compared to the third quarter in 2022. Lockheed said Tuesday its net earnings reached $1.68 billion. The...
The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $379 million contract to produce and deliver eight MH-60R Seahawk helicopters to the Armada, Spain’s naval force. The aircraft will serve as an upgrade and supporting fleet to the Spanish navy’s SH-60B Seahawk fleet, Lockheed said Thursday. The deal is covered by an existing basic order...
Justin Taylor, most recently vice president of artificial intelligence at Lockheed Martin (NYSE: LMT), has transitioned to the role of VP of the F-22 program at the Bethesda, Maryland-based aerospace and defense contractor, he announced in a LinkedIn post. He succeeds Kevin “Red” Smith, who went into retirement after a more than two-deca...
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...
