Lockheed Martin (NYSE: LMT) and Austal‘s U.S. arm have received separate contract modifications to build three fiscal 2018 littoral combat ships for the U.S. Navy. The Defense Department said Tuesday Lockheed will develop one LCS and Austal USA will construct two ships under the fixed-price-incentive modifications awarded by Naval Sea Systems ...
Lockheed Martin (NYSE: LMT) has secured a potential $7.2B follow-on contract from the U.S. Air Force to build an additional 22 GPS III satellites. The service said Friday it expects the initial GPS IIIF satellite to be available for liftoff by 2026 under the fixed-price contract. œGetting to a manufacturing steady state in a fixed-price...
TYSONS CORNER, VA, September 7, 2018 ” Lockheed Martin (NYSE: LMT) has partnered with the Drone Racing League to establish a competition focused on utilizing artificial intelligence to operate an unmanned aircraft system, ExecutiveBiz reported Thursday. The company said Wednesday participants in the $2M AlphaPilot Innovation Challenge...
Lockheed Martin (NYSE: LMT) has received a potential $500M contract to supply the U.S. Navy with more than 200 units of equipment designed to test aircraft electronics. The company said Tuesday it will produce and deliver Electronic Consolidated Automated Support Systems over a seven-year period. Sailors uses eCASS to troubleshoot electronic co...
Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $250.4M U.S. Navy contract modification to provide special tools and test equipment for the eleventh batch of F-35s. The modification is composed of purchases from Navy, U.S. Marine Corps, U.S. Air Force, foreign military sales customers and international partners, the Defe...
TYSONS CORNER, VA, August 29, 2018 ” Lockheed Martin (NYSE: LMT) has shipped the first GPS III satellite from Buckley Air Force Base in Colorado to Cape Canaveral Air Force Station in Florida as part of a U.S. Air Force program to modernize the existing GPS constellation, ExecutiveBiz reported Tuesday. The company said Monda...
TYSONS CORNER, VA, August 23, 2018 ” AECOM (NYSE: ACM) has partnered with Lockheed Martin (NYSE: LMT) to build a battery energy storage system that will work to reduce energy consumption and associated expenses at Fort Carson in Colorado, ExecutiveBiz reported Wednesday. The team will utilize Lockheed’s GridStar Lithium energy storag...
Lockheed Martin (NYSE: LMT) could receive a potential $11 billion contract from the Defense Department in early September to produce 141 lot 11 F-35 jets for the U.S. military and foreign partners, Bloomberg reported Wednesday. The Defense Contract Management Agency told the publication that there have been delays in the del...
Michele Evans, deputy executive vice president for Lockheed Martin™s (NYSE: LMT) aeronautics business area, has been promoted to EVP of the same business in a move that takes effect Oct. 1. She will succeed Orlando Carvalho, who will retire after a nearly four-decade career with Lockheed, the company said Wednesday. “M...
Lockheed Martin (NYSE: LMT) has won a potential 10-year, $356.3M contract to modernize a manned-module simulator of the U.S. Army‘s Close Combat Tactical Trainer. The Army Contracting Command received three bids for the project via an online-based solicitation process and will provide funds and work locations over the ordering period that...
