Vincent Stewart, a 38-year U.S. Marine Corps veteran and a four-time Wash100 Award winner, will formally join the board of directors of Lockheed Martin (NYSE: LMT) on Friday. The retired USMC lieutenant general will serve as an independent director and as part of the board’s classified business and security committee, Lockheed said Tuesday. St...
In a recent Executive Spotlight interview, ExecutiveBiz spoke with Robert Lightfoot, executive vice president of Lockheed Martin Space and a two-time Wash100 Award winner, to talk about his strategic growth goals, the challenges of federal talent recruitment as well as the business side of innovation. Here’s an excerpt from the interview with Ligh...
Naval Sea Systems Command has awarded Lockheed Martin (NYSE: LMT) a $185.9 million contract option to provide engineering design and development services for the U.S. Navy’s submarine fleet. The military branch will obligate $18.4 million at the time of award using its fiscal 2022 funds for research, development, test and evaluation and shipbu...
Lockheed Martin (NYSE: LMT) has received a potential five-year, $307.1 million contract from the U.S. Army to repair and recertify its Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles. U.S. Army Contracting Command at Redstone Arsenal in Alabama is the contracting activity and obligated at the time of award $150.4 mi...
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...
