Lockheed Martin (NYSE: LMT) elevated the role of Jay Watson from director of advanced strategic programs to vice president of strategic reentry programs at the company’s missile defense operations, he announced in a LinkedIn post on Wednesday. Watson has been with Lockheed for almost three decades, joining in 1995 as engineering and science ma...
Lockheed Martin (NYSE: LMT) has secured a $996.2 million contract from the U.S. Air Force to design and manufacture a next-generation reentry vehicle for the service branch’s intercontinental ballistic missile weapon system. The contract covers engineering, manufacturing and design services for the MK21A Reentry Vehicle for the Sentinel progra...
Lockheed Martin (NYSE: LMT) has secured a $364.3 million contract from the U.S. Navy to manufacture and deliver six MH-60R Seahawk helicopters to the Norwegian government. The Sikorsky-built aircraft will help Norway conduct search and rescue missions, perform coastal and offshore patrolling and support other maritime activities, Lockheed said Thurs...
Lockheed Martin (NYSE: LMT) has dropped plans to compete for the U.S. Air Force’s KC-135 aerial refueling fleet recapitalization program after it decided not to respond to a request for information. Lockheed partnered with Airbus on the recapitalization program, offering the LMXT strategic tanker based on the latter’s A330 Multi Role Tanker ...
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...
