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Lockheed Martin (NYSE: LMT) and Austal™s U.S. arm have received six-year contracts worth $584.2 million each to help the U.S. Navy build Littoral Combat Ships. The contract modification awarded to Austal USA covers LCS design, planning, construction and testing activities in exercise of an option to a previously awarded contract, the Defen...
TYSONS CORNER, VA, Oct. 6, 2017 — Lockheed Martin‘s (NYSE: LMT) T-50A aircraft has reached a milestone with its 100th sortie in Greenville, South Carolina, as the company pursues the U.S. Air Force‘s Advanced Pilot Training contract, ExecutiveBiz reported Thursday. The company said Wednesday the T-50A is undergoi...
James Craig, a 35-year veteran of Lockheed Martin (NYSE: LMT), has joined Cubic™s (NYSE: CUB) global defense segment as vice president and general manager of ground training systems. œJim brings a wealth of talent, energy and remarkable program execution credentials to Cubic, Dave Buss, president of Cubic Global Defense, said in a statemen...
Lockheed Martin (NYSE: LMT) and Rockwell Collins (NYSE: COL) have won three-year contracts from the U.S. Air Force to perform risk reduction and technology maturation work on a platform designed to replace the service™s aerial launch control system. The military branch awarded an $80.7 million contract to Lockheed™s space systems business ...
Karen Shields, a Centers for Medicare and Medicaid Services veteran, has been appointed vice president of health sector at Serco Inc. — the British contractor’s North American arm. She will oversee efforts to grow a portfolio of consulting, operational and business processing platforms designed to help customer agencies deliver...
The U.S. Navy has awarded a potential five-year, $1.12 billion contract modification to Lockheed Martin‘s (NYSE: LMT) space systems business for the production of Trident II D2 missiles and support for deployed systems. The Defense Department said Friday the modification contains a $418.7 million initial value and also incl...
TYSONS CORNER, VA, Sept. 28, 2017 ” Lockheed Martin (NYSE: LMT) has unveiled four new series of satellite buses designed with 280 common components as part of efforts to cut design time and cost, ExecutiveBiz reported Sept. 20. The company said Sept. 19 the LM 50, LM 400, LM 1000 and LM 2100 lines launched during t...
Lockheed Martin (NYSE: LMT) has secured a potential $70 million contract modification from the U.S. Air Force to accelerate, stabilize and restore the supply rate of F-22 sustainment efforts. The Defense Department said Friday the Air Force Life Cycle Management Center will obligate $35 million in fiscal 2017 operations and maintenance funds at t...
TYSONS CORNER, VA, Sept. 18, 2017 — Lockheed Martin (NYSE: LMT) has established a new 7,000-square-foot training facility in Troy, Alabama, that will deliver on-site education programs for local employees, military and government agencies in efforts to develop the state’s workforce, ExecutiveBiz reported Friday. The company said Thursda...
TYSONS CORNER, VA, Sept. 15, 2017 — Lockheed Martin (NYSE: LMT) will collaborate with Elbit Systems to build a maritime electronic warfare technology in pursuit of a British navy contract for EW modernization, ExecutiveBiz reported Thursday. The companies’ U.K. business operations entered into the strategic teaming agreement for the Mar...
