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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....
Lockheed Martin (NYSE: LMT) has secured a potential 11-year, $879M to help the U.S. Air Force maintain re-entry system and vehicle subsystems that support an intercontinental ballistic missile platform. The indefinite-delivery/indefinite-quantity contract includes maintenance, sustainment, developmental and production engineering, aging surveillance...
Jim Garrettson, founder and CEO of Executive Mosaic, presented Rick Ambrose, executive vice president of space systems for Lockheed Martin, with his fourth Wash100 Award on Monday. Executive Mosaic recognizes Ambrose for leading the improvement of space technologies, including use of the cloud for space missions. We are pleased to present the most c...
TYSONS CORNER, VA, April 5, 2019 ” Lockheed Martin (NYSE: LMT) will integrate a new software-defined space technology, designed to enable the modification of small satellite missions while in orbit, into two nanosatellites that are scheduled to launch this year, ExecutiveBiz reported March 21. The company said March 20 its SmartSat architecture...
