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...
Lockheed Martin (NYSE: LMT) will manufacture and deliver a dozen units of the F-16 Block 70 aircraft to Jordan’s royal air force under a finalized agreement between the Middle Eastern country and the U.S. government. Jordan ordered the fighter jets in a move to strengthen defense capabilities and enhance combat readiness and interoperability w...
Lockheed Martin (NYSE: LMT) has received a potential two-year, $84.9 million contract modification to provide four Three-Dimensional Expeditionary Long-Range Radar systems for the U.S. Air Force. This award brings the contract’s ceiling value to $182.9 million and covers production management support, travel, data and other services, the Departmen...
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...
