Lockheed Martin (NYSE: LMT) has received a potential eight-year, $250 million contract from U.S. Special Operations Command to develop an aircraft computer technology that can support communications interface between contrasting systems. The company’s aerospace segment will perform engineering and integration work to synchronize feedback acros...
Lockheed Martin (NYSE: LMT) reported $16 billion in net sales and $614 million, or $2.21 per share, in net earnings from continuing operations during the third quarter of fiscal year 2021. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it generated $1.9 billion in Q3 cash from operations, raised its quarterly dividend to ...
John Donovan, former CEO of AT&T’s (NYSE: T) communications subsidiary, has joined the board of directors of Lockheed Martin (NYSE: LMT) as an independent director. He will serve on Lockheed’s classified business and security committee, the company said Thursday. Donovan also leads the President’s National Security Telecommunic...
Lockheed Martin (NYSE: LMT) has received a $206.8 million order modification from Naval Air Systems Command to adapt F-35 systems for developmental test and system modernization efforts. The Department of Defense said Wednesday the company’s aeronautics segment will conduct non-recurring engineering activities, plan system adjustments and prov...
Lockheed Martin (NYSE: LMT) has received a contract from the U.S. Army to build five more Sentinel A4 radar systems intended for the detection and identification of multiple aerial threats. The company said Monday it projects the delivery of additional radars to occur over the next year for use in operational assessments at the...
Rick Ambrose, executive vice president of Lockheed Martin’s (NYSE: LMT) space business and a six-time Wash100 Award winner, will retire in March 2022 after a two-decade career with the Bethesda, Maryland-based aerospace and defense contractor. Jim Taiclet, chairman, president and CEO of Lockheed and a 2021 Wash100 Award recipient, said in a statem...
Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $1.1 billion contract modification from Naval Air Systems Command to carry out lot 15 production of F-35 jets. This award calls for the company to deliver six units of the fifth-generation aircraft to the U.S. Marine Corps and another 10 to the U.S. Air Force, the...
Lockheed Martin‘s (NYSE: LMT) rotary and mission systems unit has secured a potential $117 million contract to provide systems and related equipment to the U.S. Navy. Naval Sea Systems Command received one offer for the fixed-priced-incentive fee contract through a competitive procurement approach, the Department of Defense said Thursday. The ...
Lockheed Martin (NYSE: LMT) has secured a $2.01 billion contract to provide logistics support for the F-35 air systems of U.S. and foreign military sales customers as well as non-Department of Defense participants in the fighter aircraft program. A Lockheed-led industry team will perform ground maintenance work, resolve action requests, maintain an ...
Lockheed Martin (NYSE: LMT) has received a three-year, $101.3 million contract modification from the U.S. Army to provide Hellfire missile systems to domestic and international defense customers. Army Contracting Command obligated the full amount using defense-wide funds from the U.S. military and foreign military sales funds from Indonesia, Greece,...
