Barry McCullough, formerly vice president of international business development at Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business, has been named as the unit’s VP of strategy and business development, Inside Defense reported Wednesday. The report said McCullough will lead the development and implementation of...
TYSONS CORNER, VA, May 9, 2018 ” Lockheed Martin (NYSE: LMT) has reached an agreement with the Defense Department on matters related to the cost of F-35 repairs and has resumed deliveries of the aircraft to the military, ExecutiveBiz reported Tuesday. Reuters reported Tuesday that the F-35 Joint Program Office indicated the deal cover...
Lockheed Martin (NYSE: LMT) has received a potential $194.3 million contract to provide consoles and cabinets for the machinery control system of the U.S. Navy‘s Arleigh Burke-class guided missile destroyers. DDG 51 MCS is designed to monitor and manage the ship™s auxiliary, damage control, electrical and propulsion systems, the...
The State Department has approved Germany™s request to procure three Lockheed Martin-built (NYSE: LMT) C-130J-30 military transport aircraft and three KC-130J tanker planes from the U.S. government under a potential $1.4 billion foreign military sales agreement. Lockheed will serve as the prime contractor in the proposed deal that see...
The U.S. Air Force intends to award Lockheed Martin (NYSE: NOC) and Northrop Grumman (NYSE: NOC) separate contracts to help the service branch define requirements for its future missile warning satellite constellation. Both companies will support the Next-Generation Overhead Persistent Infrared program that aims to build a constellation of satellite...
Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has received a $145.3 million contract modification from the Missile Defense Agency to manufacture additional Terminal High Altitude Area Defense systems. The modification increases the contract’s potential value to $1.4 billion and covers the production of lot 1...
TYSONS CORNER, VA, May 3, 2018 ” Lockheed Martin (NYSE: LMT) has delivered the final two C-130J-30 Super Hercules military transport aircraft that will be based at the U.S. Air Force‘s Yokota Air Base in Japan in support of several regional operations, ExecutiveBiz reported Wednesday. The company said Tuesday the 36th ...
TYSONS CORNER, VA, May 2, 2018 ” Lockheed Martin (NYSE: LMT) has unveiled a new facility in Pinellas Park, Florida, that will house production of canopies and bulkheads for F-35 fighter aircraft, ExecutiveBiz reported Tuesday. The company said Monday the facility adds 65,500 square feet of manufacturing and office space to the site and is...
A Lockheed Martin-led (NYSE: LMT) industry team has received a potential $1.4 billion contract to provide sustainment support for F-35 fighter jets worldwide. The contract awarded by the F-35 joint program office also covers Automatic Logistics Information System support, predictive health management and data analytics; supply chain logistics; ...
Lockheed Martin (NYSE: LMT) has secured a potential $828.7 million contract from the U.S. Army to produce Guided Multiple Launch Rocket Systems for Finland, South Korea and Romania. The Defense Department said Friday. the full obligated amount at the time of award is from the Army’s fiscal 2016, 2017 and 2018 “ot...
