Lockheed Martin‘s Sippican business has received a $139 million contract modification from the U.S. Army for Stinger missile fuze/warhead body assemblies. The Department of Defense said Thursday that contract work is expected to run through Nov. 30, 2027, with work locations and funding to be determined with each order. In April 2021, Sippican...
Lockheed Martin has finalized its acquisition of Terran Orbital and its subsidiary Tyvak International in a transaction that expands its space capabilities and enables it to rapidly develop and deploy mission-ready spacecraft. The Bethesda, Maryland-based aerospace and defense contractor first announced the transaction in August. “The addition...
Sikorsky, a Lockheed Martin subsidiary, has secured a $1.2 billion contract modification from the U.S. Army for the procurement of UH-60M helicopters. The Department of Defense said Monday the award covers UH-60M aircraft for foreign military sales to Australia, Brazil, Greece, Sweden and Thailand in fiscal 2025. Sikorsky will perform contract work ...
Lockheed Martin posted $17.1 billion in net sales and $1.6 billion in net earnings during the third quarter of 2024. The defense contractor said Tuesday in its financial results for the quarter ended Sept. 29 that its net sales grew 1 percent compared to $16.9 billion in Q3 2023. Business Segment Financial Results The aeronautics...
The space domain is evolving rapidly. New commercial entrants, rising military activity and growing threats are shaping the space domain, prompting government contractors to rethink their approaches and prioritize speed. Executive Mosaic sat down with 2024 Wash100 Award winner Maria Demaree, vice president and general manager of National Security ...
Lockheed Martin (NYSE: LMT) has named Chauncey McIntosh, a more than 20-year program management, business and engineering leader, as vice president and general manager of the F-35 Lightning II Program. The company said Wednesday McIntosh will take on the role on Dec. 1, succeeding Bridget Lauderdale, who will retire by the end of 2024 after...
The U.S. Air Force has awarded Lockheed Martin‘s (NYSE: LMT) missiles and fire control business a $3.23 billion sole-source contract for the production of joint air-to-surface standoff missiles and long-range anti-ship missiles. The firm-fixed-price, undefinitized contract action covers JASSM Lot 22 and foreign military sales missile procureme...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $422.2 million contract valued to provide logistics, sustainment, project management and engineering services in support of the Czech Republic’s F-35 Joint Strike Fighter program. Work on the foreign military sale will be performed in undisclosed locations within and outside the con...
David Young, a strategy and business development leader, has joined Lockheed Martin’s (NYSE: LMT) space business as vice president and deputy general manager for national security space. He disclosed his new position in a LinkedIn post published Monday. In this capacity, he will lead over 8,000 space professionals to meet the mission requirements ...
Lockheed Martin (NYSE: LMT) has secured a $297.1 million contract from NASA to oversee the development of a lightning mapping instrument called the GeoXO Lightning Mapper. NASA said Tuesday the cost-plus-award-fee contract, awarded on behalf of the National Oceanic and Atmospheric Administration, covers the production of two flight instruments ...
