Shareholders at Aerojet Rocketdyne Holdings (NYSE: AJRD) voted Tuesday to approve the company’s $4.4 billion sale to Lockheed Martin (NYSE: LMT) and both parties still expect to close the transaction in the second half of this year. Aerojet Rocketdyne said Tuesday holders of approximately 99.76 percent of its stock were in favor of the merger...
Lockheed Martin (NYSE: LMT) has received a contract from an undisclosed commercial customer to build and deliver a payload meant to ensure space domain awareness, Rick Ambrose, executive vice president of the company’s space business and a 2021 Wash100 Award recipient, said in a LinkedIn post. The optical sensor-equipped payload will be used f...
TYSONS CORNER, VA, March 8, 2021 — Lockheed Martin (NYSE: LMT) has extended a partnership with information technology company NEC to continue using the latter’s System Invariant Analysis Technology to identify potential anomalies during spacecraft development and satellite ground support operations, ExecutiveBiz reported Tuesday. Lockheed sa...
Lockheed Martin (NYSE: LMT) will provide services worth approximately $71 million to the F-35 program under a compensation agreement reached with the Defense Contract Management Agency in January, Bloomberg reported Tuesday. The settlement covers refund for Lockheed’s fighter aircraft parts deliveries between 2015 and early 2020 that were deem...
Lockheed Martin (NYSE: LMT) has secured a six-year, $128.7M contract to provide integration support for integrate subsystems into the common missile compartment of U.S. and U.K. nuclear-powered submarines under construction. The company will add Trident II missile and reentry components to CMC assemblies for the U.S. Navy’s Columbia-class and ...
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) two firm-fixed-price contracts worth $842.7 million combined to build more anti-ship and air-to-surface missile systems. Lockheed will produce 137 Long Range Anti-Ship Missiles for the program’s fourth and fifth production lots under a $414.3 million award that also involves forei...
Lockheed Martin (NYSE: LMT) has received from the Federal Trade Commission a second request for additional information as FTC continues to review its proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD). The latest request extends for another 30 days the waiting period under the Hart-Scott-Rodino Act, Lockheed said Friday. In December, Lockheed s...
The State Department has cleared Finland’s request to procure 35 extended-range systems of Lockheed Martin‘s (NYSE: LMT) Guided Multiple Launch Rocket through a potential $91.2 million foreign military sales deal. Lockheed’s missile and fire control segment will be the principal contractor under the FMS agreement for 25 M30A2 ER GM...
General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) have received separate contracts from the Defense Advanced Research Projects Agency to design air-launched unmanned aerial vehicles that can deploy multiple weapons. All three companies will conduct preliminary design work for the first phase of DARPA's LongShot progr...
A Lockheed Martin (NYSE: LMT) business unit has secured a potential two-year, $129.4 million contract to provide logistics support for the U.S. Air Force’s C-5 Galaxy transport aircraft fleet. The company’s aeronautics segment will receive $31.5 million through a task order under the indefinite-delivery/indefinite-quantity contract, the ...
