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...
Executive Mosaic has featured Stephanie Hill, executive vice president of rotary and mission systems at Lockheed Martin, in the 2022 Wash100 class for her strategic vision in engineering advancement and modern warfare. Hill has been selected three times to Executive Mosaic’s premier group of executives who continually drive growth and innovati...
John Clark, a 23-year Lockheed Martin (NYSE: LMT) veteran, has been appointed vice president and general manager of the company’s advanced development programs division, also known as Skunk Works. His appointment is effective April 4 and he will succeed Jeff Babione, who will retire at the end of March after a nearly three-decade career with...
Germany has decided to procure the Lockheed Martin-built (NYSE: LMT) F-35 Joint Strike Fighter to replace its Panavia Tornado fighter aircraft by 2030, Breaking Defense reported Monday. Christine Lambrecht, Germany’s defense minister, said the F-35 will be for the nuclear sharing mission and offers a potential for cooperation with NATO allies and ...
Executive Mosaic has featured Lockheed Martin Chairman, President and CEO Jim Taiclet in the 2022 Wash100 class for his strategic vision in the aerospace and defense technology area. Taiclet has been selected two consecutive times to the annual list of leaders who continually drive growth and innovation in the government contracting sector. He succe...
The U.S. Air Force has chosen Lockheed Martin (NYSE: LMT) to replace a tactical ground-based radar system used to carry out airspace defense operations. USAF said Wednesday it will exercise an option of a previously awarded contract to procure the company’s AN/TPY-4(V)1 technology for the Three-Dimensional Expeditionary Long-Range Radar produc...
