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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...
Lockheed Martin’s (NYSE: LMT) space business has received a potential six-year, $194 million contract from NASA to design, develop and test multiple Mars ascent vehicles, including a flight system and test units. The Mars Ascent Vehicle Integrated System cost-plus-fixed-fee contract includes the design and development of the vehicle’s ground sup...
Lockheed Martin (NYSE: LMT) has secured a $1.42 billion sole-source contract to provide logistics and mission sustainment services to the U.S. Air Force’s fleet of military transport planes. The AF Life Cycle Management Center is obligating $91 million in fiscal 2022 operations and maintenance funds at the time of the award and expects the company...
Lockheed Martin (NYSE: LMT) reported $17.7 billion in net sales during the fourth quarter of its 2021 fiscal year, up 4 percent from the prior-year period, and posted $2 billion, or $7.47 per share, in Q4 net earnings from continuing operations. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday Q4 cash from operations reache...
On Wednesday, top executive officials from federal space agencies and industry spoke on optimizing acquisition processes, accelerating technology innovation and creating more interoperable systems in the wake of massive space sector reorganization and reinvigoration efforts during GovCon Wire Events’ Space Acquisition Forum. Following an ...
The Federal Trade Commission postponed a decision on Lockheed Martin’s (NYSE: LMT) proposed $4.4 billion cash acquisition of rocket propulsion builder Aerojet Rocketdyne (NYSE: AJRD) for two weeks, giving U.S. antitrust regulators extra time to assess the terms of the companies’ deal, Reuters reported Tuesday. Sources told Reuters that the a...
Justin Taylor Justin Taylor, Greg Forrest and Mike Harasimowicz of Lockheed Martin (NYSE: LMT) said accelerating the ethical application of artificial intelligence is key to achieving the potential of AI in addressing national security challenges and helping the government carry out its missions. The Bethesda, Maryland-based aerospace and defense co...
