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ERAPSCO and Lockheed Martin (NYSE: LMT) have been awarded spots on a potential $220.8M contract to supply the U.S. Navy with sonobuoys. The service intends to buy up to 18K AN/SSQ-125A units through the issuance of delivery orders under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Thursday. ERAPSCO, a joi...
Lockheed Martin (NYSE: LMT) has received a potential $167.1M contract from the U.S. Navy to provide a submarine-launched ballistic missile system’s navigation technology. The company’s rotary and mission systems business will deliver the Trident II D5 Strategic Weapon System component for submarines of the Navy’...
Lockheed Martin (NYSE: LMT) has received a potential $99.2M contract to purchase tools and equipment needed to maximize the production rate of Joint Air-to-Surface Standoff Missiles and Long Range Anti-Ship Missiles for the U.S. Air Force. Work will take place in Orlando, Fla., through Feb. 28, 2022, the Department of Defens...
Lockheed Martin (NYSE: LMT) has secured a potential five-year, $585.2M delivery order from the Missile Defense Agency to design and produce a homeland defense radar system for installation in Oahu, Hawaii. MDA obligated $51.4M in initial research development test and evaluation funds for project that commenced Tuesday and will continue through Dec. ...
Lockheed Martin (NYSE: LMT) has secured a potential $92.5M contract to provide support services for H-60 multirole helicopters of the U.S. Navy as well as Australia, Denmark and Saudi Arabia under the foreign military sales program. The company will update, implement and maintain H-60 software and systems configurations under the cost...
TYSONS CORNER, VA, December 17, 2018 ” Rick Ambrose, executive vice president for Lockheed Martin‘s (NYSE: LMT) space business, has said the company’s move to partner with Amazon Web Services to deliver a cloud-based satellite communications ground system is meant to address cost challenges associated with establishing such inf...
TYSONS CORNER, VA, December 12, 2018 ” Lockheed Martin (NYSE: LMT) has entered into a partnership with Amazon Web Services in an effort to enable customers to access satellite data and send satellite commands via the cloud even with unexpected outages or disturbances, ExecutiveBiz reported Nov. 28. The AWS Ground Station service will opera...
Kenneth Possenriede, a more than 30-year Lockheed Martin (NYSE: LMT) veteran, has been named executive vice president and chief financial officer of the company in a move that will take effect Feb. 11. He will succeed the retiring Bruce Tanner, a 37-year company executive who served as CFO for more than a decade, Lockheed said...
TYSONS CORNER, VA, December 4, 2018 ” Lockheed Martin (NYSE: LMT) has placed an investment of $300K with Valencia College in Orlando to establish an advanced manufacturing training center that is aimed to produce the city’s future high-technology workers, ExecutiveBiz reported Monday. The company said Friday the funds are part of a t...
Lockheed Martin (NYSE: LMT) has landed a potential five-year, $240M contract to help the Missile Defense Agency develop, apply and sustain a modular objective simulation framework for ballistic missile defense systems. MDA will obligate $1.7M in fiscal 2018 research and development funds to finance initial activities under the contract’s ...
