Lockheed Martin has received a $383 million award from the U.S. Navy to work on the next generation of the Trident II Strategic Weapons System D5 missile. Navy Contract Details The cost-plus-incentive-fee and cost-plus-fixed-fee contract modification entails the design of the integrated, modernized missile, called the Trident II D5 Life Extension 2,...
Lockheed Martin has reported 2024 net sales of $71 billion, a 5 percent increase from $67.57 billion generated in 2023, and backlogs of $176 billion compared to just $160.6 billion the year prior. The company said in its recent earnings release that it is expecting a modest increase in net sales in 2025. “2024 was...
The U.S. Navy has awarded Lockheed Martin a potential eight-year, $1 billion contract to support the development, integration, production and testing of AN/SQQ-89A(V)15 anti-submarine warfare combat systems. The Department of Defense said Monday Naval Sea Systems Command launched a competitive procurement process for the indefinite-delivery/indefini...
Lockheed Martin will equip the F-22 Raptor aircraft with a system of next-generation infrared defensive sensors as part of a $270 million contract from the U.S. Air Force. The defense contractor said Wednesday the stealth fighter aircraft will be fitted with the Infrared Defensive System, or IRDS, a set of embedded TacIRST sensors designed to...
Lockheed Martin has appointed industry leaders OJ Sanchez and Mike Shoemaker as vice president and general manager of Skunk Works and Integrated Fighter Group, respectively. “With their combined experience, OJ and Mike will work closely together – and with our broader team – to drive innovation and strategy across platforms, across Aeronautics...
Lockheed Martin has received a U.S. Navy contract worth approximately $198.1 million to provide maintenance, program management and logistics support services for Australia’s fleet of MH-60R helicopters. IDIQ Contract Scope The Department of Defense said Friday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract will p...
Lockheed Martin has secured a U.S. Navy contract modification worth approximately $3.36 billion to provide F-35 logistics support services for domestic and international military customers. Contract Scope The Department of Defense said Monday Lockheed’s aeronautics business will perform ground maintenance, depot activities, action request solution...
The U.S. Navy has awarded Lockheed Martin a potential $11.76 billion contract modification to produce and deliver 145 units of Lot 18 F-35 full-rate production aircraft to the U.S. armed forces and allies. The Department of Defense said Friday Naval Air Systems Command expects work on the undefinitized, fixed-price incentive award to occur in Texas,...
Lockheed Martin has secured a $245 million contract extension from the U.S. Naval Sea Systems Command to continue the delivery of essential systems for the Mark-48 Guidance and Control, or G&C, Mod 7 program. The defense company said Tuesday the contract covers the production of MK-48 torpedo guidance and control sections for the U.S....
Lockheed Martin has named Maria Demaree, a more than 30-year company veteran, as senior vice president of enterprise business and digital transformation and chief information officer in a string of leadership appointments. The company said Tuesday Demaree, who currently serves as VP and general manager of Lockheed’s national security space busines...
