TYSONS CORNER, VA, Aug. 4, 2022 — Robert Lightfoot, executive vice president of Lockheed Martin’s (NYSE: LMT) space business, has reiterated the importance of the company’s collaboration with technology companies on the continued development of defense capabilities, ExecutiveBiz reported. “By partnering with and investing in the best of ...
Lockheed Martin (NYSE: LMT) has increased the size of its $200 million venture capital fund to $400 million as the company looks to expand startup investments aimed at helping accelerate defense innovation. Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a statement released Tuesday the fund vetted over 1,000 sta...
Scott Greene, executive vice president of the missiles and fire control business segment at Lockheed Martin (NYSE: LMT), plans to retire from the company by Dec. 31 after a more than 41-year career. Greene will continue to run the MFC business until a successor is found and then serve as a strategic adviser to help...
Lockheed Martin (NYSE: LMT) has received a five-year, $213.3 million contract from the U.S. Navy to help modernize an F-35 data center located at Eglin Air Force Base in Florida. The company will perform engineering, maintenance, logistics and material support work for the modernization of the Australia Canada United Kingdom Reprogramming Laboratory...
The space divisions of Lockheed Martin (NYSE: LMT) and Maxar Technologies (NYSE: MAXR) have received 10-month contracts to study spacecraft designs for the National Oceanic and Atmospheric Administration’s Geostationary Extended Observations program with NASA. NASA awarded $5 million to each contractor to conduct concept development and technology...
Lockheed Martin (NYSE: LMT) revised its revenue forecast for the company’s 2022 fiscal year, cutting its full-year sales outlook to $65.25 billion from the previous guidance of $66 billion. The defense and aerospace company said Tuesday second quarter sales were $15.45 billion, compared with the $17.03 billion recorded in the same period a yea...
William LaPlante, under secretary of defense for acquisition and sustainment, has shared that Lockheed Martin (NYSE: LMT) and the Department of Defense reached a “handshake” deal for the next lot buy of about 375 units of the F-35 fighter jet, Reuters reported Monday. While production is set to take a three-year period like the previous...
Estonia will receive up to six M142 High Mobility Artillery Rocket System launchers as well as related equipment and support from Lockheed Martin (NYSE: LMT) under a potential $500 million Foreign Military Sales deal recently cleared by the State Department. The proposed transaction also includes the sale of missile pods for the Guided Multiple Laun...
Does Lockheed Martin have government contracts? The primary activities of Lockheed Martin, a multinational security and aerospace company, are the design, research, manufacture, business development, integration, and maintenance of high-tech equipment. Although the company is a private company, it mainly offers its products and services to th...
Lockheed Martin (NYSE: LMT) has received a $58.8 million other transaction authority agreement to continue building prototypes of an electronic warfare and cyber capability for integration with the U.S. Army’s Stryker vehicles. The OTA agreement will run through October 2023 in support of a manufacturing proof of concept for the Army’s Terre...
