Lockheed Martin (NYSE: LMT) has received a $157 million contract to help the Missile Defense Agency update an integrated architecture that offers commanders a global view of the battlespace. The company said Tuesday it will perform Spiral 8.2-7 upgrade work on MDA’s Command, Control, Battle Management and Communications system to help Ground-B...
John Mollard, vice president and treasurer at Lockheed Martin (NYSE: LMT), has assumed the position of acting chief financial officer at the Bethesda, Maryland-based aerospace and defense contractor. He will fill the role while the company searches for a permanent replacement for Kenneth Possenriede, who decided to retire after a 35-year career with...
Lockheed Martin (NYSE: LMT) reported fiscal year 2021 second quarter sales of $17 billion, up 5 percent from the prior year period. The Bethesda, Maryland-based company said Monday its earnings for the quarter were $6.52 per share, or $1.8 billion, representing a 73 cents per share growth over results a year ago. Lockheed’s aeronautics segment...
Lockheed Martin (NYSE: LMT) will supply additional missile launcher systems for installation on the U.S. Navy’s Arleigh Burke-class destroyers and Constellation-class frigates under a four-year, $231.4 million contract modification. The service branch procured 70 more MK41 Vertical Launching System modules along with ancillary equipment from c...
Lockheed Martin (NYSE: LMT) has received a $160.5 million contract modification to produce additional High Mobility Artillery Rocket System launchers for the U.S. Army and Marine Corps. The award includes a foreign military sale of M142 HIMARS and related support services to Taiwan, the Department of Defense said Wednesday. April 30, 2023, is the es...
Lockheed Martin (NYSE: LMT) has been awarded a $1.80 billion contract to perform recurring logistics work for domestic and international military customers that received F-35 air systems. The company’s aeronautics segment will conduct depot activation, ground maintenance, supply chain management and initial training efforts as part of the unde...
Lockheed Martin (NYSE: LMT) has won Switzerland’s fighter aircraft competition to provide the F-35 platform along with training and sustainment support services to the Swiss air force. The Bethesda, Maryland-based contractor said Wednesday that Swiss companies can take part in research, development, manufacturing and maintenance efforts associ...
Lockheed Martin (NYSE: LMT) will perform replacement-in-kind services for three Seahawk multimission naval helicopters under a $129 million contract modification awarded by the U.S. Navy. The branch will obligate the full amount of the modification to increase the scope for the company’s MH-60R production and delivery work under a previously a...
Lockheed Martin (NYSE: LMT) has promoted 19-year company veteran Kevin “Red” Smith to succeed Orlando “OJ” Sanchez as vice president of its F-22 program. Smith will oversee efforts to develop, produce and maintain systems for the U.S. Air Force’s F-22 aircraft fleet in his position, Lockheed said Tuesday. Prior to this appointment, he ...
Lockheed Martin (NYSE: LMT) has been awarded a $472.5 million contract modification by the U.S. Navy to develop and integrate F-35 aircraft weapons for the British and Italian governments. The company’s aeronautics segment will support the functional review and development test of three weapons systems on the conventional takeoff-and-landing a...
