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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...
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...
