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...
The U.S. Army has awarded Lockheed Martin’s missiles and fire control business a potential $1.73 billion contract modification to provide the service branch with the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor system, or M-TADS/PNVS. The Department of Defense said Friday the Army Contracting Command at Redstone Ar...
Lockheed Martin has secured a $509.8 million contract modification from the U.S. Air Force for the delivery of Global Positioning System III Follow-On Space Vehicles 21 and 22. GPS III Follow-On Satellites Contract Details The Department of Defense said Wednesday the two additional GPS IIIF satellites are expected to be delivered by November 20...
Lockheed Martin has received a potential $214.4 million contract from the U.S. Army to support the recapitalization of the Multiple Launch Rocket System, or MLRS, into the M270A2 configuration. The Department of Defense said Friday the Army Rapid Capabilities and Critical Technologies Office at Redstone Arsenal in Alabama is funding the cost-plus-fi...
The National Geospatial-Intelligence Agency has awarded Lockheed Martin the potential seven-year, $615.7 million GEOINT Collection NeXT, or GCX, contract. NGA said Wednesday it awarded the GCX indefinite-delivery/indefinite-quantity contract concurrently with the initial task order. What Is the GEOINT Collection NeXT Contract? According to a presoli...
X-Bow Systems announced that Lockheed Martin made a significant investment in the company during its recently concluded Series B funding round. The non-traditional producer of advanced manufactured solid rocket motors and defense technologies said Monday that it raised over $105 million. In line with the investment, Lockheed Martin entered a s...
