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Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of 2010. Ear...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $383 million contract to maintain, operate and sustain its persistent threat detection systems. “The availability of timely intelligence is vital to protecting deployed personnel and high-value assets, ” said Jim Quinn, vice president of C4ISR systems at Lockheed. “Our PTDS t...
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a $7, 214, 015 contract modification for the F-22 structural maintenance and repair team. Wright-Patterson Air Force Base, Ohio, is the contracting activity....
Lockheed Martin (NYSE: LMT) will offer a final assembly of 40 F-35 Joint Strike Fighters to Japanese firms in an attempt to secure a $8 billion contract. Lockheed has also indicated that it will offer manufacture of major components, maintenance work and engine assembly of the F-35 to Japanese firms. Boeing is also pursuing the...
The U.S. Navy has awarded Lockheed Martin’s (NYSE: LMT) mission systems and sensors business a potential $228, 155, 587 cost-plus-fixed-fee contract. The company will provide Japan with Aegis weapon systems and Aegis combat systems under the foreign military sales program. The initial contract award is for $157, 582, 983. The using service...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $187 million contract modification to provide system engineering sustainment activities. Contract work will meet the requirements and delivery schedule of the low rate initial production, lot five, F-35 Joint Strike Fighter. Work is expected to be completed in May 2012. The Naval Air Systems Co...
The U.S. Air Force has awarded Lockheed Martin’s (NYSE: LMT) simulator, training and support business a $23, 990, 000 contract modification for the C-130 Aircrew Training Systems visual system replacement. The Aeronautical Systems Center/WNSK, Wright-Patterson Air Force Base, Ohio, is the contracting activity....
The Defense Logistics Agency has awarded Lockheed Martin’s (NYSE: LMT) MS2 radar systems business a firm-fixed-price, basic ordering agreement contract. The award is for radar equipment and is worth up to $46, 503, 900. The U.S. Navy is the using service. The date of performance completion is Jan. 30, 2017. The DLA Aviation, Philadelphia, Pa.,...
Lockheed Martin (NYSE: LMT) has a deal in place with Israel to make the F-35 Lightning II the Israel Air Force’s next-generation fighter aircraft. According to the firm, “Israeli Ministry of Defense Director General (Maj. Gen. Ret.) Udi Shani signed the Letter of Offer and Acceptance for the procurement of the F-35 aircraft.” Israel be...
According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a $136, 598, 000 modification to a previously awarded advance acquisition contract (N00019-09-C-0022) to procure long-lead materials in support of P-8A low-rate initial production II aircraft. Work will be performed in Seattle, Wash. (63.8 percent); Greenlawn, N.Y. (...
