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James Taiclet, a board member at Lockheed Martin (NYSE: LMT) since 2018, on Monday officially assumed his duties as president and CEO of the company. He succeeds Marillyn Hewson, who now serves as executive chairman of the board and continues to support the leadership transition....

Lockheed Martin (NYSE: LMT) has received a four-year, $368.1M contract modification from the U.S. Navy to manufacture five units of the F-35 conventional takeoff and landing variant and one piece of the short takeoff/vertical landing version for the Italian military....

Lockheed Martin (NYSE: LMT) has secured $1.04B contract modification to support the production of updated guided air and missile defense systems for the U.S. Army and seven foreign countries. Work covers planning, technical, management, incidental, testing and manufacturing services for the Phased Array Tracking Radar to Intercept on Target Adva...