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...
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&#...
