TYSONS CORNER, VA, February 7, 2019 ” Lockheed Martin (NYSE: LMT) has unveiled an upcoming $50M facility at its campus in Orlando as the company moves to expand its workforce and meet requirements for a series of defense contracts, ExecutiveBiz reported Wednesday. Orlando Sentinel reported Tuesday that the 250K-square-foot building is anti...
TYSONS CORNER, VA, February 6, 2019 ” Rick Ambrose, executive vice president of Lockheed Martin‘s (NYSE: LMT) space business, has expressed the company’s support for collaboration and multinational participation in the push to advance capabilities in the space industry, ExecutiveBiz reported Jan. 30. Ambrose, a 2019 Wash100 aw...
Lockheed Martin (NYSE: LMT) has received a three-year, $90.3M contract modification from the U.S. Navy to identify and implement measures to reduce the cost of the F-35 air system. The company will aim to complete the cost reduction efforts by June 2022, the Department of Defense said Tuesday. The Navy, Air Force and Marine Corps will...
Lockheed Martin (NYSE: LMT) has received a $100.6M contract modification from the U.S. Air Force to design, develop, integrate and test subsystem design changes for the extended range variant of the Joint Air-to-Surface Standoff Missile system. The project will center on the JASSM-ER wings and chines and work under the modification is scheduled...
TYSONS CORNER, VA, January 31, 2018 ” Lockheed Martin (NYSE: LMT) has entered into a partnership with a nonprofit organization as part of a program to generate civilian work opportunities for military veterans and drive job growth in Florida, ExecutiveBiz reported Wednesday. Veterans Florida said Jan. 24 Lockheed will support the expansion...
A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its fiscal 2018 sales rise 8 percent to $53.8B and the increase was primarily driven by revenue growth in the Bethesda, Md.-based company’s aeronautics and missiles and fire control segments. Jim McAleese, founder and principal of McAleese &...
Lockheed Martin (NYSE: LMT) will continue to manufacture submarine-launched ballistic missiles for the U.S. Navy and the government of U.K. under a four-year, $559.6M contract modification. The company will also support both countries’ deployed Trident II D5 missile systems, the Department of Defense said Thursday. The Navy will obligate ...
Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a five-year, $542.2M contract to provide F-35 ancillary mission equipment and associated initial spares to U.S. and international military customers. The Department of Defense said Tuesday the company will initially receive $437.3M in U.S. Air Force, Navy and M...
Lockheed Martin (NYSE: LMT) has received a potential $131.6M contract to perform sustaining engineering work on the U.S. Air Force‘s fleet of C-5 Galaxy airlifters. The Air Forcewill obligate $23.5M at the time of award from its fiscal 2019 operations and maintenance and transportation working capital funds, the Department of Defense said...
Robert Cleave, a 13-year veteran of Lockheed Martin (NYSE: LMT) and founder of satellite operator Xtar, has been named chief revenue officer of space launch company Vector. He will lead a line of business as well as budgeting, customer acquisition and partnership efforts in his new position, Vector said Thursday. The three-d...
