Lockheed Martin (NYSE: LMT) has secured a $158 million contract for the second early operational capability production of the U.S. Army’s new surface-to-surface missile system. The new order came after the service branch completed its manufacturing readiness assessment of the Precision Strike Missiles program, Lockheed said Tuesday. The Army o...
Jon Rambeau, a 26-year veteran of Lockheed Martin (NYSE: LMT), has been appointed to serve as president of the integrated missions systems business at L3Harris Technologies (NYSE: LHX). He will assume his new position on Oct. 17 and succeed Sean Stackley, who will transition to a new role as senior vice president of strategy and...
Switzerland will buy from the U.S. government 36 Lockheed Martin-built (NYSE: LMT) F-35A fighter jets under a potential $6.25 billion contract. The European country expects deliveries of the F-35 conventional takeoff-and-landing variant to occur between 2027 and 2030 to replace its fleet of F/A-18 Hornet and F-5 Tiger fighter jets under the procurem...
A Raytheon Technologies (NYSE: RTN) and Lockheed Martin (NYSE: LMT) joint venture will manufacture man-portable, anti-tank guided munitions for the U.S. Army as part of a $311.2 million contract modification. The full-rate Javelin production award includes foreign military sales to Jordan and Lithuania, the Department of Defense said Tuesday. Contra...
Christopher Geiger, a 21-year veteran of Lockheed Martin (NYSE: LMT), has been promoted to a vice president position at the Bethesda, Maryland-based defense and aerospace contractor. He will be responsible for leading the internal audit and enterprise risk management functions in his VP role, according to his LinkedIn profile. Geiger will also parti...
Tim Cahill, senior vice president of global business development and strategy at Lockheed Martin (NYSE: LMT), has been appointed to serve as executive VP of the defense contractor’s missiles and fire control business segment. Cahill will assume his new position on Nov. 1 and succeed Scott Greene, who will retire after an over four-decade company...
The missiles and fire control unit of Lockheed Martin (NYSE: LMT) has received a $121.6 million contract to supply the U.S. Army with components for an integrated targeting and pilotage system designed to help Apache helicopter aircrews identify targets. Under the firm-fixed-price contract, the business will deliver Modernized Target Acquisition Des...
Lockheed Martin (NYSE: LMT) has received a $503.7 million firm-fixed-price order from the U.S. Navy to produce and deliver naval helicopters to the Australian government. The order involves the supply of a dozen Seahawk MH-60 “Romeo” aircraft units, manufactured by Lockheed’s Sikorsky business, to fulfill a foreign military sales...
The U.S. Army has selected General Dynamics (NYSE: GD) and Lockheed Martin (NYSE: LMT) to develop extended-range electronic warfare system concepts for the first leg of a potential $163 million prototype competition, Breaking Defense reported Thursday. Phase one of the Army’s Terrestrial Layer System-Echelons Above Brigade program is valued at...
Lockheed Martin (NYSE: LMT) has secured a $7.63 billion contract modification to continue lot 15 production of F-35 fighter jets and technical hardware for U.S. and international defense customers. The modification covers the delivery of 129 units of the aircraft’s conventional takeoff and landing, short takeoff/vertical landing and carrier varian...
