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The U.S. Army has established final requirements for the Future Attack Reconnaissance Aircraft program after conducting final design and risk review activities in December, Defense News reported Tuesday. The service branch‚Äôs Requirements Oversigt Council convened last week to finalize the Abbreviated Capabilities Development Document which de...

Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has secured a $610.5 million contract from the Missile Defense Agency to continue providing a range of support services for Saudi Arabia’s Terminal High Altitude Area Defense system to fulfill a foreign military sales requirement. Work under the THAAD FMS Phase II contract ...

Lockheed Martin (NYSE: LMT) has secured a three-year, $175.5 million contract modification to continue support services for the U.S. Army’s Guided Missile and Launching Assembly Service Life Extension Program. The service branch used fiscal 2020 procurement appropriations to cover the full obligated amount, the Department of Defense said Thurs...

Executive Mosaic is pleased to present Rick Ambrose, executive vice president of the space business segment at Lockheed Martin, as a recipient of the 2021 Wash100 Award for his significant contributions to the federal sector, space domain and his drive to advance spacecraft development and other space tech capabilities. For the sixth year, Ambrose h...

The State Department has approved Germany’s request to procure five Boeing-built (NYSE: BA) P-8A Poseidon maritime surveillance planes from the U.S. government through a potential $1.77 billion foreign military sale transaction. The German government asked to buy P-8As to replace its current fleet of Lockheed Martin-made (NYSE: LMT) P-3C Orion...

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has been awarded a one-year, $155.2 million contract modification by the U.S. Navy to obtain long-lead materials in preparation for lot 6 production of CH-53K King Stallion helicopters. The award is for parts and components needed to manufacture nine CH-53K aircraft, the Department of Defense s...

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) two firm-fixed-price contracts worth $842.7 million combined to build more anti-ship and air-to-surface missile systems. Lockheed will produce 137 Long Range Anti-Ship Missiles for the program’s fourth and fifth production lots under a $414.3 million award that also involves forei...

Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, will proudly present the 2021 Wash100 Award, the most prestigious and prominent award in all of GovCon, to the 100 distinguished executives who have demonstrated excellence in leadership, innovation, ...

Rick Ambrose, executive vice president of Space for Lockheed Martin, was presented with his 2020 Wash100 Award on Tuesday. Ambrose earned his fifth Wash100 Award for driving the company’s satellite capabilities as well as the nation’s upcoming lunar and space exploration missions. This marks the fifth Wash100 Award win for Ambrose and the four...

James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), has said the company has expedited payments to 10K suppliers that include 5.9K U.S. small businesses during the coronavirus pandemic and estimated that accelerated supply chain invoices will reach more than $1B by the end of this year....