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The Space Force has awarded a $240M contract to Lockheed Martin (NYSE: LMT) and a $191M contract to Boeing (NYSE: BA) to develop payloads to help the service branch secure military satellite communications. The two companies will help the new service branch develop Protected Tactical Satcom payloads for a family-of-systems architecture designed to ...

Lockheed Martin (NYSE: LMT) will acquire by default Vector’s satellite technology assets in bankruptcy proceedings after the U.S. Bankruptcy Court for the District of Delaware announced that no qualified bids were submitted by a Feb. 21 deadline, SpaceNews reported Monday....

The Defense Advanced Research Projects Agency has chosen Lockheed Martin (NYSE: LMT) to build and demonstrate an extra-large unmanned underwater vehicle through DARPA's Manta Ray program....

Greg Karol, former vice president of human resources at Lockheed Martin's (NYSE: LMT) aeronautics business area, has been promoted to senior VP of HR at the corporate level. His promotion is effective March 2 and he will oversee the company's global HR functions such as talent recruitment, development and retention, workforce training, c...

The Department of State has approved a potential $990M foreign military sale of Lockheed Martin-built (NYSE: LMT) long-range anti-ship missile systems and associated equipment to Australia. The FMS deal will cover the procurement of 200 AGM-158C LRASM systems and 11 units of the ATM-158C LRASM telemetry systems, the Defense Security Cooperation...