Ray Piselli, vice president of international business at Lockheed Martin (NYSE: LMT), said the company plans to spend as much as $1 billion on manufacturing initiatives in Saudi Arabia and expects the investment to help the country’s military industry regulator GAMI and state-owned defense company SAMI drive the domestic private sector. Piselli sa...
Lockheed Martin (NYSE: LMT) has been awarded an $869.86 million contract modification by Naval Air Systems Command to expand the company’s capability development support for all three F-35 aircraft variants. The company’s aeronautics segment will conduct functional reviews of mission and weapons systems, which include hardware for ...
Lockheed Martin (NYSE: LMT) has received a $166.6 million contract modification from the U.S. Navy to provide, install and configure 22 F-35 aircraft training devices. The contractor will deliver interactive courseware, a multispectral database and full-mission simulators to the service branch as part of the contract action, the Department of Defens...
An industry team composed of Lockheed Martin (NYSE: LMT), Leonardo and Avio Aero has secured a potential $426 million contract to provide technical and logistical support services to Italy’s fleet of C-130J military transport aircraft. The Italian defense ministry’s aeronautical armaments and airworthiness directorate cleared the five-ye...
Executive Mosaic has featured Robert Lightfoot, executive vice president of Lockheed Martin’s space business, in the 2022 Wash100 class for his leadership in space business operations and exploration technology advancement. Lightfoot has been selected two times to the annual list of executives who continually drive growth and innovation in the...
As the 2022 Wash100 Voting season continues to heat up and the support from the government contracting (GovCon) community pours in, this year’s collection of Wash100 Award winners aren’t waiting until the April 30th vote deadline to challenge one another for the top spot in the rankings. Visit Wash100.com right now to participate in Executive...
Lockheed Martin (NYSE: LMT) will develop a 5G communications network testbed for the U.S. Marine Corps and the office of the undersecretary of defense for research and engineering under a $19.3 million prototype project agreement with the Department of Defense. Lockheed said Wednesday it will work with Intel (Nasdaq: INTC), DISH Wireless, Rampart Co...
Lockheed Martin (NYSE: LMT) has decided to drop a $4.4 billion deal to acquire Aerojet Rocketdyne (NYSE: AJRD) nearly three weeks after the Federal Trade Commission filed an antitrust lawsuit to block the planned merger citing the proposed transaction’s impact on competition. Jim Taiclet, chairman, president and CEO of Lockheed, said in a statemen...
NASA has awarded Lockheed Martin (NYSE: LMT), QinetiQ‘s space business and Space Flight Laboratory positions on the agency’s $6 billion procurement vehicle for spacecraft systems and related services through an on-ramp contracting procedure. The three awardees can vie for firm-fixed-price delivery orders from NASA centers and other feder...
Lockheed Martin (NYSE: LMT) will test a long-range anti-tank missile system for the U.S. Army under a three-year, $138.9 million other transaction agreement. The OTA also calls for the company to support federation and user operational assessment of the Spike Non Light of Sight weapon, the Department of Defense said Thursday. Israel-based Rafael Adv...
