Lockheed Martin has secured a $1.14 billion modification to an existing advanced acquisition contract to procure additional long-lead materials, parts and components for F-35 Lot 20 and Lot 21 production aircraft. The Department of War announced the award Friday. The modification provides additional funding for long-lead items tied to 65 Lot 20 airc...
The U.S. State Department has cleared two potential foreign military sales to Denmark totaling an estimated $3.73 billion for air-to-air missiles and an integrated air and missile defense capability. RTX is the principal contractor for the AIM-120C-8 Advanced Medium Range Air-to-Air Missiles sale, the Defense Security Cooperation Agency said F...
Terran Orbital has appointed Cheryl Paquete as chief financial officer. Paquete will be in charge of the company’s financial strategy and contribute to efforts that would support the company’s plan to scale satellite manufacturing operations. Who Is Cheryl Paquete? Paquete spent nearly two decades at Lockheed Martin Space, where she spea...
Lockheed Martin has received a $453.9 million contract modification from the U.S. Air Force for the Mk21A Reentry Vehicle program. The Department of Defense said Thursday the modification increases the total cumulative value of the contract from $1.03 billion to approximately $1.48 billion. Work on the program is slated to be carried out in King...
Lockheed Martin reported $18.6 billion in fiscal 2025 third-quarter sales, up 9 percent from $17.1 billion in the same period last year, a record backlog of $179 billion and Q3 net earnings of $1.6 billion, or $6.95 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said it returned...
Lockheed Martin has secured a $233 million contract to provide IRST21 Block II systems and initial spares to the U.S. Navy and Air National Guard. What are the Details of Lockheed’s IRST21 Block II Contract? The global defense technology company said Monday the firm-fixed-price contract initiates full-rate production of its infrared search an...
Lockheed Martin has named Shawn Anderson, a company veteran of more than two decades, vice president of F-35 sustainment integration. Anderson announced his new role at Lockheed in a LinkedIn post. He brings to the position over 20 years of leadership experience in the aerospace and defense sector with a focus on contract negotiation, procurement...
Lockheed Martin will produce and support the deployment of Trident II ballistic missiles for the U.S. Navy and foreign military sales customers, the United Kingdom. Challenges surrounding foreign military sales, including delays and bureaucracy, will be one of the major topics that will be addressed at the Potomac Officers Club’s 2025 GovCon I...
The Department of State has cleared a potential $1.75 billion foreign military sale of M142 High Mobility Artillery Rocket Systems to Canada, with Lockheed Martin designated as the principal contractor. The Defense Security Cooperation Agency said Wednesday that it had already submitted the required certification to Congress. The Potomac Officers Cl...
Lockheed Martin has secured a $12.53 billion contract modification from the U.S. Navy to produce and deliver F-35 aircraft units for the Air Force, Marine Corps, Navy, international partners and foreign military sales customers. The award covers the definitization of 148 Lot 18 aircraft and expands the scope for the production and delivery of 148...
