Lockheed Martin (NYSE: LMT) has booked a potential $2.45 billion contract modification from the U.S. Army to produce guided air and missile defense systems. The aerospace and defense contractor will manufacture the Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles at its facility in Grand Prairie, Texas, through the e...
Lockheed Martin (NYSE: LMT) raked in $15.1 billion in net sales for the first quarter of 2023, $6.23 billion of which was generated by its aeronautics business. The company on Tuesday released its quarterly financial performance showing net earnings of $1.7 billion, same as the prior-year period figures, and a revenue growth of 0.67 percent...
The State Department has approved a potential $259 million foreign military sale deal involving the modernization of Turkey’s F-16 avionics system. Lockheed Martin (NYSE: LMT) will be the prime contractor for the agreement, which is part of efforts by the Turkish government to maintain fighter aircraft safety and interoperability with NATO for...
Jason Hopkins, a nearly two-decade space sector veteran, has been appointed to a vice president role at Lockheed Martin‘s (NYSE: LMT) subsidiary offering lunar infrastructure services. He will oversee strategy and business development functions at Crescent Space, according to a LinkedIn post published Sunday. Lockheed launched Crescent in Marc...
Lockheed Martin‘s (NYSE: LMT) aeronautics business will move to boost the production capacity for F-35 Block 4 jets after the Naval Air Systems Command awarded a $172.1 million order modification under a basic ordering agreement. The company will use the money to obtain special test and tooling equipment and kits to support Next Gen Distribute...
The Missile Defense Agency intends to award a potential 10-year, $4.1 billion follow-on contract to Lockheed Martin (NYSE: LMT) to extend work on the Command and Control, Battle Management and Communications System. According to a SAM.gov notice for C2BMC Next, Lockheed’s rotary mission systems business is currently the only contractor with in...
General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) have won positions on a seven-year, $400 million contract to develop aerospace vehicle technologies and integrated systems for the U.S. Air Force. The Air Force Research Laboratory received 15 offers on the Advanced Aerospace Systems Technology Research program, the Depart...
The government of Australia has selected Lockheed Martin (NYSE: LMT) as the preferred bidder for a multibillion dollar project to develop the country’s next-generation military satellite communications system. Lockheed said Monday it will work with a team of Australian companies to build the control and ground segments for the JP9102 military satc...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $439.5 million contract to produce air-to-ground missile systems for U.S. and international defense customers. The award is a hybrid of cost-plus-fixed-fee, fixed-price incentive and firm-fixed-price arrangements, and contractor work is expected to be completed by the end of September 2025, the...
Lockeed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a potential five-year, $305 million contract to produce an integrated common processor for the U.S. Navy’s ship and shore surveillance equipment. The company will provide a common suite of signal processing and display technologies to support vessels equipped wi...
