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...
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...
