Lockheed Martin‘s (NYSE: LMT) rotary and missions systems business has secured a $113.6 million contract modification from the U.S. Navy for shipboard electronic warfare systems. The award exercised an option for full rate production of Surface Electronic Warfare Improvement Program, or SEWIP AN/SLQ-32(V)6 and AN/SLQ-32C(V)6 systems, the Depar...
Lockheed Martin (NYSE: LMT) has agreed to acquire satellite maker Terran Orbital (NYSE: LLAP) for approximately $450 million to expand its satellite manufacturing and responsive space capabilities. The Bethesda, Maryland-based aerospace and defense contractor said Thursday it expects the transaction to conclude in the fourth quarter of 2024, subject...
Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are in negotiations with Sierra Space over the possible sale of their joint venture, United Launch Alliance, in a deal that could be worth approximately $2 billion to $3 billion, Reuters reported Friday. People familiar with the matter said the discussions could end without a deal. According...
Lockheed Martin (NYSE: LMT) has secured a U.S. Navy contract modification worth $611.3 million to develop infrared and radar detection capabilities for the F-35 program. The Department of Defense said Friday the aerospace and defense manufacturer’s aeronautics business is tasked with providing Multi-Ship Infrared Search and Track Incremen...
Lockheed Martin (NYSE: LMT) has secured a potential five-year, $191 million contract from the National Geospatial-Intelligence Agency to deliver services that facilitate online, on-demand access of users to GEOINT data and products to meet mission requirements. NGA said the Strata indefinite-delivery/indefinite-quantity contract also covers access t...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a potential $120.2 million contract modification from the U.S. Navy to provide additional long-lead time materials needed to produce Lot 9 CH-53K King Stallion heavy-lift helicopters. The Department of Defense said Monday the additional materials will support the production of 21 CH-53K...
Lockheed Martin (NYSE: LMT) reported a 9 percent year-over-year increase in fiscal 2024 second-quarter net sales to $18.1 billion, a total backlog of $158 billion and Q2 net earnings of $1.6 billion, or $6.85 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it recorded $1.9 billion in cash from operations and fre...
Lockheed Martin (NYSE: LMT) has secured a $180.5 million contract modification from the U.S. Navy for continued delivery of AN/SQQ-89A (V) 15 anti-submarine warfare systems and engineering support services. The Department of Defense said Friday Lockheed’s rotary and mission systems business will develop, integrate, manufacture and test Hypervisor ...
Sikorsky, a Lockheed Martin (NYSE: LMT) company, has received a U.S. Army contract modification worth $251.5 million for UH-60M aircraft delivery. The Department of Defense said Thursday Sikorsky will perform contract work at its Stratford, Connecticut location until June 30, 2027, the award’s estimated completion date. The full contract modif...
GovCon industry veterans Ron Fehlen and Jeff Schrader announced in separate LinkedIn posts that they have assumed new vice president roles within Lockheed Martin’s (NYSE: LMT) space business. Fehlen will serve as VP of mission architect for national security space at Lockheed Martin Space and Schrader will take on the role of VP of strategy...
