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...
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...
