The U.S. government is expected to receive an approximately $3 billion purchase request from Israel for 25 F-35 aircraft manufactured by Lockheed Martin (NYSE: LMT). Yoav Gallant, the Israeli defense minister, approved a proposal to expand the air force fleet to 75 stealth fighter jets by acquiring a third squadron of the “Adir” F-35 air...
Sintavia, a maker and supplier of thermodynamic components for defense and aerospace applications, has secured a strategic investment from Lockheed Martin (NYSE: LMT). Florida-based Sintavia said Wednesday it will use the equity investment to further advance the development and testing of its thermodynamic designs and components used in multicircuit...
Lockheed Martin (NYSE: LMT) will develop a long-range electronic warfare system prototype for the second phase of a U.S. Army program aimed at providing higher echelons with situational awareness through the detection and disruption of signals of interest from adversaries. The Terrestrial Layer System-Echelons Above Brigade is designed to support EW...
Lockheed Martin‘s (NYSE: LMT) venture capital arm has been expanding its investment scope in the past few years to help small businesses keep up with the volatility of the government contracting industry, Washington Business Journal reported Friday. Chris Moran, vice president and general manager of Lockheed Martin Ventures, told the Washingto...
Lockheed Martin (NYSE: LMT) has issued a statement saying it will continue to work with the U.S. government on the Adaptive Engine Transition Program and other capability upgrades for the F-35 fighter aircraft. “AETP technologies deliver more power and greater cooling capability, which is required as we modernize the F-35 beyond Block 4,” Lockhe...
Maria Demaree, a vice president and general manager of Lockheed Martin’s space business, received her 2023 Wash100 Award from Executive Mosaic CEO Jim Garrettson during a recent presentation ceremony. The Wash100 list annually recognizes the most influential and impactful executives working in the government and government contracti...
Jim Taiclet, chairman, president and CEO of Lockheed Martin (NYSE: LMT), said he believes the company is in a “strong position” given with the White House’s fiscal year 2024 budget request of approximately $886 billion for the Department of Defense, FlightGlobal reported Sunday. The proposed budget for DOD reflects a 3.3 percent year-on-ye...
Lockheed Martin‘s (NYSE: LMT) missiles and fire control business will provide engineering support for the development of a component intended to modernize a missile defense system segment under a $50 million contract from the U.S. Army. Associated work on the THAAD 5.0 Patriot Advanced Capability-3 missile segment will be done at Lockheed MFC&...
Lockheed Martin (NYSE: LMT) and GlobalFoundries (Nasdaq: GFS) have partnered with the intent to advance chip technological innovation and strengthen the resiliency and security of U.S. semiconductor supply chains for mission-critical security systems. GF and Lockheed will identify critical needs in secure chip manufacturing and innovation across sev...
Red 6 has raised $70 million in a Series B funding round meant to help the augmented reality startup to continue investing in its proprietary technology for a combat pilot training system. RedBird Capital Partners led the financing round, in which Lockheed Martin‘s venture capital arm and Boeing‘s investment partnership with A...
