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...
Lockheed Martin has received two U.S. Army contracts worth approximately $857 million combined to produce and deliver High Mobility Artillery Rocket Systems, or HIMARS, and prototype units of a missile communication technology, known as RIG-360. The Department of Defense said Friday Army Contracting Command launched an internet solicitation for both...
Lockheed Martin has agreed to acquire Amentum’s Rapid Solutions business for approximately $360 million in cash. Amentum said Wednesday the transaction is expected to conclude in the second half of 2025, subject to regulatory approvals and other customary closing conditions. Upon closing, Lockheed will integrate Rapid Solutions and about 230 e...
Lockheed Martin recorded a 4 percent year-over-year increase in fiscal 2025 first-quarter sales to $18 billion, a total backlog of $173 billion and Q1 net earnings of $1.7 billion, or $7.28 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $1.4 billion...
Lockheed Martin has received a $180 million contract modification from the U.S. Navy to procure parts, materials and components to support the conversion of three F-35 production aircraft to flight science replacement planes. Scope of Contract Action The Department of Defense said Monday the new flight science aircraft will help avert any rise in th...
Lockheed Martin has appointed Evan Scott, a 26-year company veteran, as chief financial officer. The defense technology company said Thursday Scott succeeds Jesus “Jay” Malave, who stepped down from the CFO role to pursue other opportunities. “Over his 26 years at Lockheed Martin, Evan has earned the utmost respect as an experience...
Lockheed Martin has secured a U.S. Army contract worth approximately $4.94 billion to produce Precision Strike Missile, or PrSM, Increment 1 weapon systems. The Department of Defense said Friday Army Contracting Command launched an online solicitation and received one offer for the firm-fixed-price contract. The service branch will obligate funding ...
Lockheed Martin has appointed Daniel Nimblett, a more than two-decade company veteran, as vice president of integrated air and missile defense, or IAMD, layered homeland defense. “I’ll be working with a brilliant and dedicated team to ensure a whole-of-industry approach in delivering an innovative next-generation missile defense shield f...
Lockheed Martin Aeronautics landed a potential $238 million contract modification from the U.S. Navy for the purchase of long lead materials, parts, components and related support services for F-35 aircraft production. Contract Scope The Department of Defense said Monday the new deal is an undefinitized modification to a fixed-price incentive contra...
Lockheed Martin’s Missiles and Fire Control business has secured a potential $1.9 billion modification to a previously awarded contract from the U.S. Air Force for the procurement of advanced, long-range missiles. JASSM, LRASM Contract Modification Details The Department of Defense said Thursday the modification to the firm-fixed-price, u...
