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The Missile Defense Agency has awarded Lockheed Martin a $2.06 billion modification to a previously awarded contract for the production of Terminal High Altitude Area Defense interceptors. Under the contract, Lockheed‘s missiles and fire control division will build and deliver THAAD components under fixed-price incentive contract line-item numbers...
Lockheed Martin reported $18.2 billion fiscal 2025 second-quarter sales, a total backlog of $166.5 billion and Q2 net earnings of $342 million, or $1.46 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $201 million during the second quarter of 2025, d...
Lockheed Martin has secured a $999 million contract from the U.S. Air Force to provide lifecycle support for the Joint Air to Surface Standoff Missile and Long-Range Anti-Ship Missile. Get the scoop on the top Air Force priorities and initiatives at the Potomac Officers Club’s 2025 Air and Space Summit on July 31. JASSM, LRASM Lifecycle...
Lockheed Martin has named John Stevens vice president and chief M&A and securities counsel. Stevens confirmed the development in a LinkedIn post shared Thursday. In his new role, Stevens will lead corporate counsel for mergers and acquisitions, venture investments, corporate and securities law, treasury and corporate finance, investor ...
Lockheed Martin has received three contracts worth $3.1 billion combined from the Missile Defense Agency and U.S. Navy to provide continued support for the Aegis Ballistic Missile Defense weapon system. Aegis BMD Combat Systems Engineering Agent Award The Department of Defense said Tuesday Lockheed’s rotary and mission systems business w...
Boeing has announced the appointment of Jesus “Jay” Malave as executive vice president and chief financial officer, effective Aug. 15. Malave will replace current CFO Brian West, who will become a senior adviser to Boeing President and CEO Kelly Ortberg and assist with the upcoming CFO leadership transition. Who Is Jesus “Jay”...
Lockheed Martin has completed its acquisition of the Rapid Solutions business unit of Amentum. Lockheed said Thursday the move is intended to integrate the engineering and technology services company’s advanced space and airborne mission capabilities into its existing technology portfolio, strengthening its ability to support nationa...
Lockheed Martin has been awarded a $250 million contract modification by the U.S. Navy for the production and support of the F-35 Lightning II logistics information system. F-35 Logistics Information System Contract Modification Scope The Department of Defense said Wednesday the modification to the fixed-price incentive, cost-plus-fixed-fee, in...
Lockheed Martin has named Craig Martell, a two-time Wash100 Award recipient, as its new vice president and chief technology officer, effective Monday. Martell will bring over two decades of experience in both the government and private sectors, including at the Department of Defense and commercial technology organizations, Lockheed Martin said Monda...
Brian Petro announced on LinkedIn Friday that Lockheed Martin has appointed him as its new vice president of program finance for missiles and fire control. The long-time Lockheed Martin executive will direct all financial aspects for programs within the MFC business unit, including business development, execution, forecasting and reporting...
