Lockheed Martin has secured a U.S. Navy contract modification worth approximately $3.36 billion to provide F-35 logistics support services for domestic and international military customers. Contract Scope The Department of Defense said Monday Lockheed’s aeronautics business will perform ground maintenance, depot activities, action request solution...
The U.S. Navy has awarded Lockheed Martin a potential $11.76 billion contract modification to produce and deliver 145 units of Lot 18 F-35 full-rate production aircraft to the U.S. armed forces and allies. The Department of Defense said Friday Naval Air Systems Command expects work on the undefinitized, fixed-price incentive award to occur in Texas,...
Lockheed Martin has secured a $245 million contract extension from the U.S. Naval Sea Systems Command to continue the delivery of essential systems for the Mark-48 Guidance and Control, or G&C, Mod 7 program. The defense company said Tuesday the contract covers the production of MK-48 torpedo guidance and control sections for the U.S....
Lockheed Martin has named Maria Demaree, a more than 30-year company veteran, as senior vice president of enterprise business and digital transformation and chief information officer in a string of leadership appointments. The company said Tuesday Demaree, who currently serves as VP and general manager of Lockheed’s national security space busines...
The U.S. Navy has awarded Lockheed Martin an $869.94 million fixed-price-incentive-firm-target contract to procure long lead materials, parts, components and support services for the F-35 Lot 20 production aircraft. The products and services will support the manufacturing of fighter jets for the U.S. Air Force, Navy and Marine Corps; non-Department ...
Lockheed Martin has appointed Robert Toth as vice president of air mobility and maritime missions and Brian Dunn as vice president and deputy for strategy and business development at the missiles and fire control business. The executives announced their appointments via separate LinkedIn posts. Toth joined Lockheed in 2016 after years-long service i...
Lockheed Martin‘s Sippican business has received a $139 million contract modification from the U.S. Army for Stinger missile fuze/warhead body assemblies. The Department of Defense said Thursday that contract work is expected to run through Nov. 30, 2027, with work locations and funding to be determined with each order. In April 2021, Sippican...
Lockheed Martin has finalized its acquisition of Terran Orbital and its subsidiary Tyvak International in a transaction that expands its space capabilities and enables it to rapidly develop and deploy mission-ready spacecraft. The Bethesda, Maryland-based aerospace and defense contractor first announced the transaction in August. “The addition...
Sikorsky, a Lockheed Martin subsidiary, has secured a $1.2 billion contract modification from the U.S. Army for the procurement of UH-60M helicopters. The Department of Defense said Monday the award covers UH-60M aircraft for foreign military sales to Australia, Brazil, Greece, Sweden and Thailand in fiscal 2025. Sikorsky will perform contract work ...
Lockheed Martin posted $17.1 billion in net sales and $1.6 billion in net earnings during the third quarter of 2024. The defense contractor said Tuesday in its financial results for the quarter ended Sept. 29 that its net sales grew 1 percent compared to $16.9 billion in Q3 2023. Business Segment Financial Results The aeronautics...
