TYSONS CORNER, VA, May 6, 2019 ” Lockheed Martin (NYSE: LMT) established a new production line for the F-16 Fighting Falcon aircraft last month in South Carolina as it seeks to use the refurbished hangar as manufacturing base for the F-16 Block 70 later in the year, ExecutiveBiz reported April 24. Michele Evans, executive vice...
Robert Lightfoot, former acting administrator of NASA, has been appointed vice president of strategy and business development at Lockheed Martin™s (NYSE: LMT) space segment in a move that will take effect May 6. He will oversee new business strategy, technology concepts and strategic planning activities for the space business area, which covers...
Lockheed Martin (NYSE: LMT) has secured a potential $1.14B contract from the U.S. Navy to provide sustainment services for the F-35 Lightning II program. Work under the cost share contract includes supply chain management, ground maintenance, depot activation, action request resolution and health management implementation, the Department of Defense ...
Lockheed Martin™s (NYSE: LMT) rotary and mission systems business secured a potential $201.7M contract to provide engineering services to the U.S. Navy. The sole-source, cost-plus-fixed-fee contract has a face value of $26.9M and will reach its potential value if the service branch exercises all options, the Department of Defense said Friday. T...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $723.5M contract modification to provide multiple variants of the Hellfire II missile system. Lockheed will deliver missiles to domestic and foreign military sales customers that include Lebanon, Netherlands and France, the Department of Defense said Thursday. Hellfire II uses a semi-activ...
Lockheed Martin (NYSE: LMT) has received a $90.7M contract modification from the Naval Air Systems Command to create an organic depot repair process for the F-35 integrated core processor. The fixed-price-incentive-fee award combines purchases from the U.S. Air Force, Navy and Marine Corps, the Department of Defense said Thursday. Work under the mod...
A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its sales in the first quarter of 2019 climb 23 percent to $14.3B primarily driven by sales growth in the company™s aeronautics and missiles and fires control business units. Jim McAleese, founder and principal of McAleese & Associates and a...
Lockheed Martin (NYSE: LMT) received a $117.1M delivery order modification to provide F-35 air vehicle spares to the U.S. Air Force and U.S. Marine Corps. The company will deliver a deployment and afloat spares package and related consumables as part of the modification awarded by Naval Air Systems Command, the Department of Defense said Tuesday....
Lockheed Martin (NYSE: LMT) secured a potential three-year, $362.7M contract to deliver M270A0, M270A1 and M270A2 Multiple Launch Rocket Systems to the U.S. Army. The company will also provide M270A2 flyaway package, production line spares and authorized stockage list kits as well as production line restart and proposal costs, the Department of Defe...
TYSONS CORNER, VA, April 22, 2019 ” Maria Demaree, vice president and general manager of the mission solutions segment within Lockheed Martin‘s (NYSE: LMT) space sector, highlighted the function of the company’s new SmartSat technology to reprogram satellites in case of issues or changing requirements, ExecutiveBiz reported April 7....
