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...
Jamie Landers, former director of business development for advanced programs at Lockheed Martin (NYSE: LMT), has joined Maxar Technologies (NYSE: MAXR) as vice president of business development. She announced her new role at the satellite imagery provider in a LinkedIn post Tuesday. Landers led BD functions for Lockheed’s Advanced Program Deve...
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...
