TYSONS CORNER, VA, June 11, 2018 ” Lockheed Martin (NYSE: LMT) aims to shift an estimated $460 million in savings the company said it generated through the recent U.S. tax reform law toward research and development as well as investments in technology startups, ExecutiveBiz reported Friday. The company said Thursday part of the savings wil...
Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps. The modification allocates $74.7 million for long-lead time materials, parts, components an...
TYSONS CORNER, VA, June 8, 2018 ” Lockheed Martin (NYSE: LMT) aims to utilize $100 million in savings the company says it generated through the U.S. tax reform to invest in technology startup companies via its venture capital arm, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Chris Moran, head of Lockheed Martin Ventures,...
Lockheed Martin (NYSE: LMT) has received a potential $558.3 million contract from the U.S. Navy to provide sustainment services to support the low-rate initial production of lot 11 F-35 Lightning II fighter jets. The Defense Department said Thursday the sustainment support contract includes training facilities and devices, Autonomic Logist...
Lockheed Martin (NYSE: LMT) will help in the post-production efforts of the Patriot Advanced Capability-3 missile support center under a $282 million contract modification from the U.S. Army. Work will run through May 19, 2019, and will support local clients and foreign military sales customers Germany, Japan, Kuwait, Netherlands, Qatar, S...
TYSONS CORNER, VA, May 23, 2018 ” Lockheed Martin™s (NYSE: LMT) fifth Advanced Extremely High Frequency satellite has completed a series of launch environment tests in preparation for its delivery to the U.S. Air Force in 2019, ExecutiveBiz reported Tuesday. The company said Monday it performed a 39-day thermal vacuum chamber test and an a...
Lockheed Martin (NYSE: LMT) has awarded BAE Systems a potential five-year, $100 million contract to provide sustainment support for electronic warfare platforms aboard the F-35 Lightning II fighter jet. BAE said Tuesday it will oversee the supply chain for the EW suite, manage regional warehouses with on-hand EW component inventories and establish m...
https://www.youtube.com/watch?v=q9vYToNAT0Q Major General Duncan Heinz (USMC, ret.), President and CEO of IBC Advanced Alloys, discusses IBC’s recent three-year contract with Lockheed Martin to produce a specialized beryllium-aluminum part for the F-35....
Bethesda, Md.-based firm Lockheed Martin (NYSE: LMT) has promoted Michele Evans, an executive at its rotary and mission systems unit, to serve as the company™s deputy executive vice president for the aeronautics division starting June 4. The aerospace and defense company said Monday Evans will oversee several initiatives such as the F-35, ...
TYSONS CORNER, VA, May 15, 2018 ” Lockheed Martin (NYSE: LMT) has partnered with King’s Academy in Jordan to sponsor a robotics laboratory at the nonprofit school in an effort to support science, technology, engineering and math education, ExecutiveBiz reported Monday. TradeArabia reported Saturday that the opening of the Lockhe...
