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...
TYSONS CORNER, VA, Sept. 14, 2017 ” Vinny Sica, vice president and general manager for mission solutions at Lockheed Martin (NYSE: LMT), has said the business unit is working to build on its integrated offerings for international customers as the space industry continues to transform and the domain becomes congested, contested and competit...
Navy Vice Adm. Mathias Winter, head of the F-35 joint program office, has said he expects JPO to close a deal with Lockheed Martin (NYSE: LMT) for lot 11 F-35 Lightning II aircraft by Oct. 15, Defense News reported Thursday. Winter told reporters Wednesday after his speech at the Defense News Conference the JPO has completed a proposa...
TYSONS CORNER, VA, Sept. 5, 2017 ” Lockheed Martin (NYSE: LMT) has begun the construction of a future 266,000-square-foot satellite manufacturing facility in Colorado in efforts to address upcoming production requirements, ExecutiveBiz reported Friday. The Denver Business Journal reported Thursday that Lockheed’s space systems busine...
TYSONS CORNER, VA, Sept. 1, 2017 ” Lockheed Martin (NYSE: LMT) and its partner Mahindra Defence Systems have unveiled a new facility in India that features a full-motion simulator that will work to train C-130J Super Hercules aircrew in the Indian air force, ExecutiveBiz reported Thursday. Mahindra said Wednesday the training cen...
Stephanie Hill, vice president and general manager of cyber, ships and advanced technologies at Lockheed Martin (NYSE: LMT), has been named senior VP for corporate strategy and business development at the Bethesda, Maryland-based aerospace and defense contractor in a move that takes effect Sept. 11. Hill will also serve as a corporate officer a...
