A joint venture between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will continue manufacturing the Javelin man-portable, anti-tank guided munition for soldiers under a $237.9 million contract modification from the U.S. Army. The service branch used fiscal 2022 missile procurement funds on the award and estimated the partnershi...
Lockheed Martin (NYSE: LMT) has secured a $372.5 million contract modification for the delivery of lots 15 and 16 of F-35 Lightning II aircraft‘s ancillary mission equipment requirements to the U.S. Air Force, Navy and Marine Corps. The Navy award also provides for the fighter jet’s initial spares in support of military customers, non-De...
Lockheed Martin (NYSE: LMT) has secured a $224 million contract modification from the U.S. Army for recapitalization work on a transportable automatic system for launching surface-to-surface missiles. The contractor will restructure the Multiple Launch Rocket System to allow it to be used on the M270A2 family of launcher weapons platforms, the Depar...
Lockheed Martin (NYSE: LMT) has secured a $74 million contract from the Missile Defense Agency to produce the U.S. government’s eighth Terminal High Altitude Area Defense battery. The company said Thursday it expects MDA to deploy the additional weapon system by 2025 to help defend against ballistic missile threats. The U.S. Army first activat...
Jeff Babione, a nearly three-decade veteran of Lockheed Martin (NYSE: LMT), has been named chief operating officer of Sierra Nevada Corp.‘s space subsidiary. He joins Sierra Space from his prior role as vice president and general manager at Lockheed’s Advanced Development Programs – also known as Skunk Works, the SNC subsidiary said Wednes...
A business segment of Lockheed Martin (NYSE: LMT) has received contract options worth $396.73 million from the U.S. Navy to produce submarine-launched ballistic missiles. The exercised options under a previously awarded contract are for Trident II D5 production and deployed systems support services, the Department of Defense said Tuesday. The Navy&#...
Naval Air Systems Command has awarded an additional $261.4 million to fund Lockheed Martin‘s (NYSE: LMT) preparations for lot 17 F-35 aircraft production. The Department of Defense said Thursday the company will obtain long-lead-time materials and support services necessary to manufacture nine carrier-based F-35 jets for the U.S. Navy and 15 c...
Lockheed Martin (NYSE: LMT) has secured a five-year, $3.26 billion contract to produce counterfire target acquisition radar systems for the U.S. Army. The firm-fixed-price contract covers full-rate AN/TPQ-53 production services, provision of spare parts and support services and system deployment to multiple customers under the foreign military sales...
Naval Sea Systems Command has issued a $222 million modification on a sonobuoy production contract shared between Lockheed Martin (NYSE: LMT) and ERAPSCO. The two companies will compete for orders and deliver up to 18,000 units of the AN/SSQ-125A series sonobuoy to the U.S. Navy under an exercised contract option, the Department of Defense said...
The State Department gave the green light for the U.K.’s plan to buy one ballistic missile defense radar and a pair of command and control battle management and communications systems, built by Lockheed Martin (NYSE: LMT), through a potential $700 million transaction with the U.S. government. The proposed foreign military sale will also includ...
