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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...
Lockheed Martin (NYSE: LMT) has secured a $524.1 million contract modification from the U.S. Navy to obtain long-lead items, components and support services needed to build the 15th and 16th batches of F-35 aircraft for the Italian military. The procurement funds are for equipment and efforts required for manufacturing 14 units of the aircraft’s c...
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...
