The U.S. Space Force has awarded Lockheed Martin (NYSE: LMT) a $581.6 million contract to engineer legacy and modernized Global Positioning System satellites operating in orbit. Lockheed will collect data, resolve anomalies and perform cybersecurity work to support the Block IIR, IIRM, III and IIIF variants of the GPS constellation, the Department o...
The board of directors at Lockheed Martin (NYSE: LMT) has approved a cash dividend of $2.80 per share for the third quarter of its 2022 fiscal year. Shareholders of record as of the close of business on Sept. 1 will receive the dividend on Sept. 23, the company said Thursday. The Bethesda, Maryland-based aerospace and...
Lockheed Martin (NYSE: LMT) has received a $578.2 million contract modification from the U.S. Navy to provide program management, non-recurring work and training services needed to integrate F-35 aircraft systems for an unnamed international customer. The Department of Defense said Friday the full obligated amount at the time of award will come from...
Lockheed Martin has received a pair of contract options worth $130.5 million combined to produce an additional eight simulators for the U.S. Air Force‘s Advanced Radar Threat System Variant 2 program. The award represents the third and fourth options on the ARTS-V2 development and test contract, which has a cumulative face value of $589.8 mill...
Lockheed Martin (NYSE: LMT) will support the production of a long-range precision missile under a $450 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force. The contractor was tasked to work on development, integration, sustainment and other efforts related to the Joint Air-to-Surface Standoff Missile program over a five-...
Lockheed Martin (NYSE: LMT) has promoted 23-year company veteran Evan Scott to the position of treasurer and appointed Edward Paul, former vice president of accounting, to serve as controller. They will hold VP titles in addition to their new finance roles, Lockheed said Monday. Scott replaces John Mollard, who will retire from the company by...
ExecutiveBiz featured Maria Demaree, vice president and general manager of special programs at Lockheed Martin’s space business, in a recent Executive Spotlight interview published Monday. She talked about how the company is accelerating technology integration and digital transformation to keep up with security challenges. Demaree also discuss...
Lockheed Martin (NYSE: LMT) has received a two-year, $632.1 million contract from Naval Air Systems Command to create software builds and conduct developmental flight tests for the F-35 program. The company’s aeronautics segment will provide logistics, maintenance, engineering and material services to U.S. and international military customers,...
Lockheed Martin (NYSE: LMT) and Raytheon Technologies‘ (NYSE: RTX) Javelin Joint Venture received a pair of contracts worth potentially $309 million combined from the U.S. Army to produce anti-tank weapon systems. The partnership could manufacture more than 1,300 Javelin missiles with appropriations under the Ukraine Supplemental Appropriation...
Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $397.7 million contract modification to obtain initial spares for lot 16 F-35 Lightning II aircraft. The award is for deliveries of global spares pool and afloat and deployment spares packages to the U.S. Navy, Marine Corps, Air Force, non-Department of Defense agencies and foreign...
