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...
Lockheed Martin (NYSE: LMT) has received two task orders worth $202.5 million combined under a basic ordering agreement with the U.S. Navy to provide services in support of the Joint Strike Fighter Program. The Department of Defense said Thursday Lockheed’s aeronautics business will provide non-recurring engineering under a potential $170 million ...
Lockheed Martin (NYSE: LMT) will help the U.S. Navy equip Zumwalt-class guided missile destroyers with a hypersonic boost glide system under a potential $2.22 billion contract. The award has an initial value of $1.1 billion and calls for the installation of the Conventional Prompt Strike system on DDG vessels, Lockheed said Friday. Under the contrac...
Robert Lightfoot, executive vice president of Lockheed Martin’s space business area, has been named to Executive Mosaic’s 2023 Wash100 list of highly esteemed leaders who shape the government contracting narrative at the intersection of federal and commercial sectors. This marks the third time that he has been recognized as a Wash100 Award winne...
Lockheed Martin‘s (NYSE: LMT) Astrotech Space Operations subsidiary and SpaceX have secured spots on a potential 10-year, $100 million contract to process payload and rocket payload for NASA missions. The Spacecraft Processing Operations Contract comprises task orders to perform work on systems prior to arrival at launch pads, the agency said ...
Lockheed Martin‘s (NYSE: LMT) venture capital arm has invested in Machina Labs, a Los Angeles-based manufacturing company that uses artificial intelligence and robotics to make advanced sheet metal products. Machina Labs said Thursday the money will support research and development and business growth efforts as well as advance the production ...
Lockheed Martin (NYSE: LMT) will perform non-recurring engineering work for an F-35 flight science test aircraft replacement project under a $320 million contract modification from Naval Air Systems Command. The company will engineer systems to support the production of F-35A, F-35B and F-35C jets intended for testing use by the Navy, Air Force, Mar...
Lockheed Martin’s (NYSE: LMT) net sales reached $66 billion in 2022, with aeronautics accounting for the biggest share of its business last year. Aeronautics contributed $26.98 billion to Lockheed’s sales, followed by its rotary and mission systems segment with $16.1 billion, and space and missiles and fire control each posting $11 billi...
