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...
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...
