Lockheed Martin (NYSE: LMT) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.4B in a move to expand its capabilities in the areas of hypersonics, space exploration, integrated air and missile defense and tactical missiles. The deal is expected to conclude in the second half of 2021, subject to approval by Aerojet Rocketdyne...
Rick Ambrose, executive vice president of Space for Lockheed Martin, was presented with his 2020 Wash100 Award on Tuesday. Ambrose earned his fifth Wash100 Award for driving the company’s satellite capabilities as well as the nation’s upcoming lunar and space exploration missions. This marks the fifth Wash100 Award win for Ambrose and the four...
Lockheed Martin (NYSE: LMT) has won a potential 10-year, $900M contract to establish a depot sustainment facility for the U.S. Air Force's F-16 Fighting Falcon aircraft fleet....
James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), has said the company has expedited payments to 10K suppliers that include 5.9K U.S. small businesses during the coronavirus pandemic and estimated that accelerated supply chain invoices will reach more than $1B by the end of this year....
Lockheed Martin (NYSE: LMT) secured a $511M contract option to produce the 13th and 14th spacecraft for the GPS III Follow-On communication satellite program managed by the Space and Missile Systems Center, SpaceNews reported Thursday....
Lockheed Martin’s (NYSE: LMT) rotary mission systems business has received a three-year, $89.2M contract modification to produce an additional 35 automated systems for U.S. Navy avionics testing and validation....
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $1.40B contract to maintain C-130J Super Hercules transport aircraft to fulfill foreign military sales requirements....
Lockheed Martin (NYSE: LMT) has completed its purchase of the hypersonic strike and defense business from Huntsville, Alabama-based software and systems engineering firm Integration Innovation Inc. for an undisclosed amount. Former i3 CEO Mike Wicks joined Lockheed as vice president for the Bethesda, Maryland-based firm's Hypersonic Engineering...
Lockheed Martin's (NYSE: LMT) space business has secured a $108.8M contract modification to manufacture and support Trident II missiles for the U.S. Navy. The award exercised options under an existing contract for Trident II D5 production and systems support services, the Department of Defense said Monday....
Paul Lemmo, vice president of integrated warfare systems and sensors at Lockheed Martin (NYSE: LMT), has been promoted to president of the aerospace and defense contractor’s Sikorsky subsidiary, Inside Defense reported Wednesday. Lemmo will succeed the retiring Dan Schultz, a 14-year Lockheed veteran, in January....
