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Lockheed Martin (NYSE: LMT) has secured a three-year, $175.5 million contract modification to continue support services for the U.S. Army’s Guided Missile and Launching Assembly Service Life Extension Program. The service branch used fiscal 2020 procurement appropriations to cover the full obligated amount, the Department of Defense said Thurs...
The Missile Defense Agency has awarded $1.6 billion in contracts through fiscal year 2022 to Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) to conduct technology development and risk reduction work on the Next Generation Interceptor program. MDA received three proposals for the contracts and is obligating $291.9 million in research and...
Executive Mosaic is pleased to present Rick Ambrose, executive vice president of the space business segment at Lockheed Martin, as a recipient of the 2021 Wash100 Award for his significant contributions to the federal sector, space domain and his drive to advance spacecraft development and other space tech capabilities. For the sixth year, Ambrose h...
A Lockheed Martin (NYSE: LMT) business segment has received a one-year, $93.2 million contract modification to help the U.S. Navy maintain combat management technology used on Freedom-class Littoral Combat Ships. The award covers sustainment work on the LCS Component-Based Total Ship System – 21st Century and related elements of the combat archite...
Lockheed Martin‘s (NYSE: LMT) space business has received contract options worth $558.8 million combined to manufacture Trident II (D5) submarine-launched ballistic missile systems for the U.S. and U.K. navies. The U.S. Navy will obligate $485.1 million on the award while its British counterpart will provide the remaining $73.7 million, the De...
Stacy Kubieck, vice president and general manager of Lockheed Martin’s Mission Solutions, acted as the moderator for an expert panel discussion during Potomac Officers Club’s 2021 SDA Forum on March 4th, 2021. The following panelists discussed SDA’s multi-year plan to create cutting edge satellite constellation networks to provide U.S. militar...
Lockheed Martin (NYSE: LMT) has received a potential $1.54 billion contract modification to design, build and integrate equipment in support of flight test demonstrations of the U.S. Navy’s missile system. The company’s space business will perform work in Colorado, California, Utah, Massachusetts, New York, Alabama, Maryland, Arizona, Louisiana,...
TYSONS CORNER, VA, March 12, 2021 — Lockheed Martin (NYSE: LMT) is getting ready for a mission to launch and demonstrate its LM 400 satellite bus for various mission areas, ExecutiveBiz reported Monday. Via Satellite quoted Rick Ambrose, executive vice president of Lockheed’s space segment and a 2021 Wash100 Award recipient, as saying the LM...
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...
