Lockheed Martin‘s (NYSE: LMT) aeronautics segment will develop a common reprogramming tool for the F-35 program under a $111.1 million contract modification awarded by the U.S. Navy. The business will establish network connections to create the CRT and select a service-oriented architecture to modernize software and hardware for use by aircraf...
Lockheed Martin (NYSE: LMT) and Red Hat have partnered to support national security missions using artificial intelligence and Kubernetes technologies. Lockheed will use Red Hat Device Edge to equip unmanned aerial systems and other military platforms with updated software designed to enable such systems to manage large AI workloads and speed up the...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential $476.8 million contract to provide Guided Multiple Launch Rocket Systems. Army Contracting Command received one offer for the cost-plus-fixed-fee, firm-fixed-price contract and expects work to run through Aug. 15, 2025, the Department of Defense said Friday. The service will obligate ...
Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) received the most money through Department of Defense contracts during the government’s 2021 fiscal year, according to data from the Pentagon’s Office of Local Defense Community Cooperation. The “Fiscal Year 2021 Defense Spending by State” report...
Lockheed Martin (NYSE: LMT) has booked a $1.99 billion order from NASA to manufacture Orion spacecraft for an additional three human space exploration missions under the Artemis program. The space agency placed the order under the $4.6 billion Orion Production and Operations Contract to procure vehicles for Artemis VI through VIII missions, Lockheed...
Lockheed Martin (NYSE: LMT) logged a 3 percent jump in fiscal year 2022 third quarter sales to $16.58 billion and three of the company’s four business areas also posted revenue increases for the July-September period. The company reported third quarter net earnings of $6.71 per share, $4.5 higher than the prior year period, and raised...
Michael Williamson, vice president and general manager of missiles and fire control at Lockheed Martin (NYSE: LMT), will assume the role of senior VP for the company’s global business development and strategy on Nov. 1. He will succeed Tim Cahill, who will transition to the role of executive VP of the company’s MFC business segment,...
Maria Ricciardone Lee, a corporate finance executive with two decades of industry experience, has been appointed to succeed Greg Gardner as vice president of investor relations at Lockheed Martin (NYSE: LMT). She will assume the position on Oct. 17 while Gardner will stay at Lockheed until he retires on Dec. 31 after a 37-year career,...
Three companies have secured contract modifications worth up to $5.1 billion combined over a five-year period for sonobuoy production and delivery services to the U.S. Navy. Lockheed Martin (NYSE: LMT), Sparton and Sonobuoy Systems, formerly Ultra USSI, can pursue individual orders through exercised options under an indefinite-delivery/indefinite-qu...
Robert Lightfoot, executive vice president of Lockheed Martin Space, accepted his 2022 Wash100 Award, the most significant award of consequence in all of government contracting (GovCon), last Wednesday for his leadership and drive for innovation in space technology, including the advancement of space exploration and expanding Lockheed...
