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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...
Lockheed Martin (NYSE: LMT) has secured a $273 million contract modification to support the production of guided air and missile defense systems for the U.S. Army and foreign military sales customers. The defense contractor will provide hardware, equipment and facilities, as well as technical, planning, management, manufacturing and testing services...
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...
