Lockheed Martin (NYSE: LMT) has received a $171.7 million U.S. Navy contract modification for the low-rate initial production of lot 11 F-35 aircraft. The award covers diminishing manufacturing sources redesign efforts for the air system and work will occur through January 2024 in Fort Worth, Texas, the Defense Department said Tuesday. DoD...
TYSONS CORNER, VA, July 31, 2018 ” Rick Ambrose, executive vice president of the space business at Lockheed Martin (NYSE: LMT) and a three-time Wash100 awardee, has said the U.K. government’s effort to further build the local space industry centers on rapid access to space at less cost, similar to the strategy implemented in the...
TYSONS CORNER, VA, July 27, 2018 ” Lockheed Martin (NYSE: LMT) will support the development of a launch site in Scotland and a new deployment platform for small satellites under two contracts potentially worth $31 million combined from the U.K. space agency, ExecutiveBiz reported July 18. Space News reported July 17 that the company will h...
TYSONS CORNER, VA, July 20, 2018 ” IBM (NYSE: IBM) and Lockheed Martin (NYSE: LMT) are among the companies that have been named to an advisory board for a new council co-led by Labor Secretary Alex Acosta and Presidential Adviser Ivanka Trump that focuses on the U.S. workforce, ExecutiveBiz reported Thursday. Bloomberg reported Thursd...
TYSONS CORNER, VA, July 19, 2018 ” Lockheed Martin (NYSE: LMT) has partnered with a joint venture between Raytheon (NYSE: RTN) and Thales to deliver command-and-control technology in support of NATO’s air and ballistic missile defense system, ExecutiveBiz reported Wednesday. ThalesRaytheonSystems will serve as system integrator and w...
Lockheed Martin (NYSE: LMT) has received a $164 million contract modification to continue field support services for the Missile Defense Agency‘s anti-ballistic missile defense system. The modification would increase the ceiling value of Lockheed’s Terminal High Altitude Area Defense Field Support contract from $561 million to ...
TYSONS CORNER, VA, July 18, 2018 ” Lockheed Martin (NYSE: LMT) has concluded quality tests on a titanium container that it built with 3D-printed parts to store fuel for the LM 2100 satellite bus as part of a multiyear development effort, ExecutiveBiz reported Thursday. The company said July 11 it used the Electron Beam Addit...
A Lockheed Martin (NYSE: LMT)-Northrop Grumman (NYSE: NOC) joint venture has secured contracts worth $170.5 million combined to supply fire control radar components for the U.S. Army‘s lots 7 and 8 Apache AH-64E helicopters. Longbow will supply FCR mast mounted assemblies, radar electronic units and spares to...
TYSONS CORNER, VA, July 16, 2018 ” Lockheed Martin™s (NYSE: LMT) Skunk Works division has collaborated with the Defense Advanced Research Projects Agency to conduct a series of flight tests in an effort to demonstrate integrated operations between air, space, land, sea and cyber platforms in contested environments, ExecutiveBiz r...
Lockheed Martin (NYSE: LMT) and the Defense Department have reached a œhandshake agreement for the company to produce 141 F-35 fighter aircraft for the U.S. and foreign partners, Defense News reported Sunday. Ellen Lord, defense undersecretary for acquisition and sustainment, said in a statement the joint program office and Lockheed are in...
