The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential $2.93 billion contract to design and build three missile warning satellites that would succeed the service’s current Space Based Infrared System. Lockheed’s space systems business will also analyze requirements, procure critical path flig...
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential $480 million contract to design a second hypersonic weapon technology for the service branch. Lockheed’s missiles and fire control business will support critical design review, test and production readiness efforts under the Air-Launched Rapid ...
The Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $302 million delivery order to obtain ancillary mission equipment for the 12th F-35 aircraft batch. The Defense Department said Friday the company will use the funds to procure low-rate initial production lot 12 aircraft equipment for...
TYSONS CORNER, VA, August 6, 2018 ” Lockheed Martin (NYSE: LMT) has picked WAV4M as a domestic reseller of Universal Communications Platform products that are designed to help users operate in emergency environments, ExecutiveBiz reported Friday. The defense contractor said Wednesday WAV4M will market the communications products,...
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 ...
