Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $22.71B contract modification to build and deliver 255 lot 12 F-35 aircraft to domestic and international military clients. The U.S. Navy awarded the modification for the company to manufacture 106 F-35 units for the U.S. military; 89 units for non-Defense Department users;...
Lockheed Martin (NYSE: LMT) has landed a $350M modification to an existing production support indefinite-delivery/indefinite-quantity contract for the U.S. Air Force‘s Joint Air-to-Surface Standoff Missile. The company will provide logistics, integration, production, sustainment, system updates and management support for all JASSM variant...
The U.S. Navy has awarded a $130.4M contract modification to Lockheed Martin‘s (NYSE: LMT) aerospace business for decomposition and design efforts in preparation for F-35 Block 4 modernization. The company will work to help the aircraft meet weapon and air system requirements corresponding to Block 4.1 standard, the Defense Department sai...
TYSONS CORNER, VA, October 31, 2018 ” Lockheed Martin (NYSE: LMT) and the Missile Defense Agency have completed a demonstration of the company’s updated Aegis Combat System designed to counter medium-range ballistic missile threats, ExecutiveBiz reported Monday. The company said Friday the at-sea Flight Test Standard Missil...
Lockheed Martin‘s (NYSE: LMT) Sikorsky Aircraft subsidiary has received a $717.4M sole-source contract to perform logistics and repair services for 98 components of the U.S. Navy‘s CH-53 and MH-53 helicopters. The service branch will allot $142.7M to finance the firm-fixed-priced, performance-based logistics contract’s delivery ord...
TYSONS CORNER, VA, October 23, 2018 ” Lockheed Martin (NYSE: LMT) is working on a pilot program with the Defense Department and industry partners with the aim to establish a “comprehensive” view of the defense supply chain amid concerns over possible foreign infiltration, ExecutiveBiz reported Monday. Fifth Domain reported Sunday th...
TYSONS CORNER, VA, October 8, 2018 ” Lockheed Martin (NYSE: LMT) has named Raytheon (NYSE: RTN) and a partnership between Northrop Grumman (NYSE: NOC) and Ball Aerospace as potential suppliers of mission payloads for the U.S. Air Force‘s Next Generation Overhead Persistent Infrared geosynchronous Earth orbit satellite, ExecutiveBiz r...
Lockheed Martin (NYSE: LMT) has received a three-year, $390.7M contract from the U.S. Air Force to produce lot 16 Joint Air-to-Surface Standoff Missile systems. The company will provide 360 extended-range JASSMs, as well as three separation test vehicles and one flight test vehicle, tooling and test equipment for foreign military sales cus...
TYSONS CORNER, VA, October 5, 2018 ” Lockheed Martin (NYSE: LMT) has unveiled a new concept for a reusable spacecraft that could operate with NASA‘s planned Lunar Orbital Platform-Gateway in support of future crewed missions to the moon and Mars, ExecutiveBiz reported Thursday. The company said Wednesday the single-stage lunar lander...
TYSONS CORNER, VA, October 3, 2018 ” Lockheed Martin (NYSE: LMT) is studying the possible uses of machine learning and robotics to support additive manufacturing as part of work required under a $5.8M U.S. Navy contract, ExecutiveBiz reported Tuesday. The company said Monday its Advanced Technology Center will work with the Office of Naval...
