Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has secured a $214.7 million contract modification to continue modernization of the U.S. Army’s Multiple Launch Rocket System. The service branch used fiscal 2021 missile procurement funds on this award covering M270A2 MLRS work, the Department of Defense said Tuesday....
TYSONS CORNER, VA, April 28, 2021 — Lockheed Martin (NYSE: LMT) introduced a suite of tactical satellite offerings designed to provide intelligence, surveillance and reconnaissance mission data to military customers, ExecutiveBiz reported April 14. The company said its new satellite product line is built on the LM 400 midsize bus technology and po...
Lockheed Martin (NYSE: LMT) generated $16.3 billion in net sales for the first quarter of its 2021 fiscal year, up 4 percent from the same period a year ago, along with earnings of $6.56 per share for the three-month financial period. Bethesda, Maryland-based Lockheed said Tuesday Q1 net earnings came in at $1.8 billion, compared with...
Stephanie Hill, executive vice president of rotary and mission systems (RMS) for Lockheed Martin, has received her second Wash100 Award, the highest honor in all of government contracting (GovCon). Previously, Hill received the Wash100 Award in 2015 for her leadership and her efforts to push for science, technology, engineering and mathematics (STEM...
Executive Mosaic is pleased to present Jim Taiclet, president and CEO of Lockheed Martin, as a recipient of the 2021 Wash100 Award for sustaining company growth through acquisition deals and contract wins, promoting support to supply chains during the COVID-19 pandemic, and advancing military technology and 5G. This marks the first-time that Taiclet...
Lockheed Martin (NYSE: LMT) has received a $447.2 million order under a U.S. Navy basic ordering agreement to manufacture 12 MH-60R Seahawk multimission helicopters for South Korea. The order, which is intended to fulfill a foreign military sales requirement, covers production and delivery services, the Department of Defense said Monday. Naval Air S...
General Atomics, Lockheed Martin (NYSE: LMT) and Blue Origin have received contracts to conduct risk reduction efforts for the first phase of a Defense Advanced Research Projects Agency program aiming to build and demonstrate nuclear thermal propulsion technology. The three companies will aim to design propulsion systems and spacecraft concepts for ...
Lockheed Martin (NYSE: LMT) has tapped Bridget Lauderdale, vice president and general manager for the integrated fighter group at the company’s aeronautics business, to assume the same roles in support of the F-35 Lightning II Program, effective April 12. Lauderdale will work with U.S. and international clients and lead the F-35 program as it ...
Dana “Keoki” Jackson, a more than 23-year veteran of Lockheed Martin (NYSE: LMT), has joined Mitre as senior vice president and general manager of the nonprofit corporation’s national security sector. He will be responsible for expanding and implementing national security programs that support the departments of Defense and Justice as well...
Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has secured a $610.5 million contract from the Missile Defense Agency to continue providing a range of support services for Saudi Arabia’s Terminal High Altitude Area Defense system to fulfill a foreign military sales requirement. Work under the THAAD FMS Phase II contract ...
