Lockheed Martin (NYSE: LMT) will provide F-35 Joint Strike Fighter program management, nonrecurring requirements and training support for the government of Germany under a potential $622.4 million contract with the U.S. Navy. Work on the cost-plus-fixed-fee contract will occur in Texas, Florida and South Carolina through December 2027, the Departmen...
Lockheed Martin (NYSE: LMT) has booked a three-year, $175.2 million contract modification to manufacture additional surface-to-surface precision-strike guided missile systems for initial U.S. Army deployment. The award funds work on the first and second early operational capability production batches of the Precision Strike Missiles, according to a ...
Lockheed Martin (NYSE: LMT) has wrapped up the critical design review of its satellites and related ground systems for the first tranche of the transport layer as part of the Space Development Agency’s Proliferated Warfighter Space Architecture. The CDR phase included a system optical communications terminal interoperability test and design valida...
Lockheed Martin (NYSE: LMT) has secured a pair of contract modifications worth $1.06 billion combined from the U.S. Army to produce air-to-ground and guided air-and-missile defense systems. The Bethesda, Maryland-headquartered defense contractor will manufacture and deliver Patriot Advanced Capability-3 missiles under a $556.1 million contract modif...
A Lockheed Martin (NYSE: LMT) subsidiary has won a $220.8 million other transaction agreement to build a prototype of high-energy laser technology for the U.S. Army’s ground-based Indirect Fire Protection Capability weapon system. Aculight will provide development, integration, manufacturing, testing and delivery services to the IFPC-HEL progr...
Lockheed Martin (NYSE: LMT) logged an 8 percent increase year-over-year in fiscal 2023 second-quarter net sales to $16.7 billion, net earnings of $1.7 billion or $6.63 per share and a record backlog of $158 billion. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.5 billion to shareholders in the form of cash...
Lockheed Martin (NYSE: LMT) will continue providing the U.S. Navy with AN/SQQ-89A (V) 15 anti-submarine warfare systems, spares and support services under a $100 million contract modification. The Department of Defense said Thursday Lockheed’s rotary and mission systems business was contracted for work on Hypervisor Technology Zero AN/SQQ-89A ...
Christopher Wronsky, vice president of human resources at Lockheed Martin’s (NYSE: LMT) rotary and mission systems business, has been chosen to succeed Greg Karol as senior VP and chief HR officer of the corporation on Sept. 1. Lockheed said Tuesday that Karol, a nearly four-decade Lockheed veteran, will retire once the transition period...
David Cline, a 23-year Lockheed Martin (NYSE: LMT) veteran, has joined General Dynamics (NYSE: GD) as vice president of strategic capture within its information technology business. He announced his new position with GDIT on Monday in a LinkedIn post and most recently was capture management principal for Lockheed’s global business development ...
Lockheed Martin (NYSE: LMT) will support technical refresh work on pilot and maintainer training equipment for the F-35 Joint Strike Fighter program under a U.S. Navy contract modification worth $122.7 million. The Department of Defense said Thursday the funds will cover training site standup, schedules, support capability and system maintenanc...
