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...
A business segment of Lockheed Martin (NYSE: LMT) has received a $328.5 million contract to perform support work on Trident ballistic missile systems designed for U.S. and U.K. submarines. The company’s rotary and missions systems unit will provide support to the Strategic Weapon System Trident Fleet, integrate increment eight on shipboards a...
Lockheed Martin‘s (NYSE: LMT) aeronautics business will perform logistics support work for domestic and international customers of the F-35 Lightning II Joint Strike Fighter program under a U.S. Navy contract modification worth $2.22 billion. The Department of Defense said Thursday the company will conduct ground maintenance, operate an automa...
Estonia has closed a $200 million deal to purchase six M142 High Mobility Artillery Rocket System launchers, manufactured by Lockheed Martin (NYSE: LMT), along with associated equipment and support services from the U.S. government. The Estonian defense investment agency said deliveries of the systems are scheduled to begin in 2024 under the contrac...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential three-year, $430.9 million contract to procure M142 High Mobility Artillery Rocket System launchers for the service branch and multiple foreign military partners. Lockheed secured $209.3 million in initial procurement funds from the Army for HIMARS full-rate production services, the D...
Raytheon Technologies’ (NYSE: RTX) missiles and defense business and Lockheed Martin (NYSE: LMT) will serve as principal contractors for a potential $380 million foreign military sale of FIM-92K Stinger man-portable ground-to-air missiles and related equipment to the government of Finland. The Defense Security Cooperation Agency said Thursday the ...
