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Raytheon Technologies (NYSE: RTX) and Lockheed Martin (NYSE: LMT) received separate contracts worth $116 million combined to design carrier-based, air-launched hypersonic missile systems for the U.S. Navy. Both companies have been tasked with conducting technical maturation and development efforts under the Hypersonic Air Launched Offensive An...
The U.S. Army has selected Lockheed Martin (NYSE: LMT) and a team of Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) to further develop their extended-range missile designs and propulsion systems for the Long Range Maneuverable Fires program. Raytheon and Northrop said Monday their team will co-design, produce and test the propuls...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $210.1 million order to provide logistics support for the U.K.’s F-35 air systems. Lockheed’s aeronautics unit will conduct ground maintenance, warehouse management, training and depot activities, the Department of Defense said Monday. DOD added that the business will operate and ma...
Lockheed Martin’s (NYSE: LMT) space business has received a potential $474.2 million contract modification to manufacture submarine-launched fleet ballistic missiles for the U.S. Navy. The award exercised options under an existing contract for the production of Trident II D5 missiles and delivery of related deployed systems services and supports a...
Lockheed Martin (NYSE: LMT) has booked a $99.9 million contract modification to help the U.S. Navy and foreign military sales customers sustain a key component of the Tomahawk Weapons System. The company will continue to provide maintenance and management support to tactical Tomahawk weapons control system operators, the Department of Defense said M...
Drew Robbins, vice president of sustainment innovation and operations at Lockheed Martin (NYSE: LMT) since June 2019, has transitioned to a new role as VP and deputy of F-35 development. He announced his new position in a LinkedIn post Sunday and will work from the company’s Fort Worth, Texas site. Robbins has held various roles...
Jim Taiclet, chairman, president and CEO of Lockheed Martin (NYSE: LMT), said High Mobility Artillery Rocket Systems or HIMARS and Javelin missiles are a big part of the arms package the U.S. government is providing for Ukraine to help the country defend itself against Russian invasion and that he expects to see robust orders for...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $214.5 million contract to conduct initial engineering efforts for international partner vessels equipped with the Aegis combat system. Lockheed’s rotary and mission systems business will help foreign military sales customers assess ship modernization plans and select new weapon...
Lockheed Martin (NYSE: LMT), L3Harris Technologies (NYSE: LHX) and Northrop Grumman (NYSE: NOC) will continue the development of air-to-ground weapon system offerings for a U.S. Air Force program under separate contracts worth nearly $54 million combined. USAF awarded $18 million each to Lockheed and Northrop and another $17.7 million to L3Harris fo...
A Lockheed Martin (NYSE: LMT) business unit will help the U.S. Navy engineer and maintain Mark 48 heavyweight torpedoes under a potential five-year, $91.9 million contract. Lockheed’s rotary and mission systems segment will perform work for the branch’s Intermediate Maintenance Activity in Pearl Harbor, Hawaii, the De...
