Two executives at Lockheed Martin and Cubic will moderate panel discussions of the fifth-generation wireless communications technology at a Sept. 16 virtual event hosted by the Potomac Officers Club. Dawna Morningstar, director of Lockheed’s Next Gen Solutions division, will join representatives from the Army, Air Force and Virginia Tech for t...
Thirteen lawmakers have expressed their support for Lockheed Martin‘s (NYSE: LMT) proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD) in their joint letter to Kathleen Hicks, deputy secretary at the Department of Defense, Reuters reported Wednesday. Lockheed first announced its move to acquire the rocket propulsion maker for approximately ...
Lockheed Martin (NYSE: LMT) will continue to help the Indian air force maintain Super Hercules tactical airlifters under a five-year, $328.8 million direct commercial sale contract. The follow-on agreement includes program management, engineering and logistics support, contractor furnished equipment, software and publication services necessary to ad...
Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $97.7 million contract modification to develop a runtime server for the F-35 pilot training system. The Department of Defense said Monday that the company’s aeronautics segment will provide the hardware to the U.S. Navy, Air Force and non-DOD participants. NAVAIR will obligate...
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...
