Australia expects to receive its first UH-60M Black Hawk aircraft made by Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary within the year as part of an approximately $1.95 billion foreign military sale agreement with the U.S. The Australian defense ministry said Wednesday its army will be provided with 40 multimission military helicopters, which...
Lockheed Martin (NYSE: LMT) has secured a potential seven-year, $853 million contract to help the U.S. Navy field and sustain the Aegis weapon system. The company’s rotary and mission systems business will provide engineering, software development, in-service maintenance, logistics, fielding and integration support for Aegis configurations del...
Lockheed Martin (NYSE: LMT) and the Department of Defense’s F-35 Joint Program Office have reached a $30 billion agreement for the company to manufacture and deliver up to 398 fighter jets for the U.S. military and international customers. The deal covers the production of 145 lot 15 F-35s and 127 lot 16 jets and includes...
The Missile Defense Agency is set to award Lockheed Martin (NYSE: LMT) a five-year, $527.7 million contract to support the development of an Aegis weapon system intended to protect Guam from potential missile attacks. Lockheed’s rotary and mission systems business will equip the agency’s planned Aegis Guam System with integrated ai...
Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) and ERAPSCO, a joint venture between Ultra Electronics and Sparton, $222.5 million in combined firm-fixed-price contract modifications to supply additional sonobuoys to the U.S. Navy. Lockheed and ERAPSCO will compete for individual orders to produce and deliver up to 36,000 units of ...
Lockheed Martin (NYSE: LMT) has landed a $1.05 billion contract to supply materials and services for 118 units of F-35 fighter jets for the U.S. armed forces and allies. The Department of Defense said Friday the U.S. Navy awarded the undefinitized advanced acquisition contract for Lot 18 F-35 aircraft, which also benefits the Air Force,...
A Lockheed Martin (NYSE: LMT) business has received a seven-year, $225.8 million contract to help the U.S. Air Force maintain an electro-optical targeting system used by military aircraft. The Sniper Comprehensive Advanced Targeting Pod sustainment program covers support services to manage system availability and reliability between maintenance peri...
Dan Rice, vice president of 5G.MIL Programs at Lockheed Martin, was featured in a recent Executive Spotlight interview with ExecutiveBiz published Monday. He talked about the company’s 5G.MIL initiative and how it is intended to provide resilient and secure “network-of-networks” connectivity to support U.S. military and allies. The Q&A...
Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has received a $302.2 million undefinitized contract action to produce, deliver and engineer Mark 48 heavyweight submarine-launched torpedoes for the U.S. and Australian navies. Sixty-one percent of contract purchases are for the U.S. Navy and the remaining 39 percent are for Au...
The governments of U.S. and Germany have agreed on the procurement of 35 F-35 Lightning II aircraft, manufactured by Lockheed Martin (NYSE: LMT), in a deal aimed at strengthening the latter’s operational interoperability with allied nation partners. The transaction covers the provision of engines, spare and replacement parts, mission equ...
