A Lockheed Martin (NYSE: LMT) business has received a $240 million contract from the U.S. Air Force to develop a variant of the company’s cruise missile system offering. The missiles and fire control segment at Lockheed will conduct development, test and integration efforts related to JASSM AGM-158D, the Department of Defense said Thursda...
Lockheed Martin’s (NYSE: LMT) rotary and mission systems unit has won a potential $642.9 million contract to manufacture Vertical Launching System hardware for the U.S. Navy and foreign military customers. The company was granted a base firm-fixed-price and cost-plus-fixed-fee award valued at $194 million to supply customers with MK 41 VLS mod...
Stacy Kubicek, a nearly two-decade Lockheed Martin (NYSE: LMT) veteran, has been named vice president and general manager of sensors and global sustainment within the company’s missiles and fire control business. Kubicek announced her new position in a LinkedIn post published Monday and joins the MFC group from her prior role as VP and GM...
A Lockheed Martin (NYSE: LMT) business segment has received two U.S. Air Force contracts totaling $1.19 billion to manufacture cruise missiles. The company’s missile and fire control unit will produce lot 21 Joint Air-to-Surface Standoff Missile systems under a $750.5 million firm-fixed-price contract and lot seven Long-Range Anti-Ship Missile...
Lockheed Martin’s (NYSE: LMT) space segment will streamline its five business lines into three as part of a realignment initiative meant to improve the delivery of space capabilities to customers, facilitate collaboration with suppliers and partners, better address emerging threats and further advance growth and innovation. Maria Demaree, most...
A partnership between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will manufacture man-portable, anti-tank guided munition systems for domestic and international defense customers under a U.S. Army contract worth potentially $7.2 billion. The award to Javelin Joint Venture has a base value of $1.02 billion and covers weapon pro...
Lockheed Martin (NYSE: LMT) has booked a five-year, $1.44 billion contract from the U.S. Navy to continue developing warfighting capabilities for the F-35 program. The company will develop Multiship Infrared Search and Track Increment 2, Electronic Warfare Band 2/5 Radar Warning Receiver, Beyond Line of Sight communications and Modernized Countermea...
Lockheed Martin‘s (NYSE: LMT) aeronautics business segment has booked a $7.8 billion contract modification from the U.S. Navy to manufacture 126 F-35 fighter jets for domestic and international military customers. The award reflects an option for lot 17 production and delivery services covering 81 F-35A, 26 F-35B and 19 F-35C units, the Depart...
Lockheed Martin (NYSE: LMT) has booked a $615 million follow-on contract from the U.S. Army to produce more High Mobility Artillery Rocket Systems. The award supports full-rate production of HIMARS launch platforms and support equipment to meet domestic and international orders, the company said Friday. HIMARS is part of Lockheed’s multiple la...
Lockheed Martin (NYSE: LMT) has booked a potential $4.79 billion contract to produce surface-to-surface munitions and associated equipment for the U.S. Army’s Guided Multiple Launch Rocket System. The service branch ordered two full-rate production lots of the GMLRS Unitary and Alternative Warhead rounds for itself and foreign military custome...
