Lockheed Martin (NYSE: LMT) has received a potential $80.5 million contract modification from the U.S. Navy to continue to conduct additional implementation studies for the Aegis ballistic missile defense system. The Defense Department said Wednesday the studies will be used to support future shipbuilding programs of foreign military sales clie...
Fred Ross, Lockheed Martin’s deputy program manager for the F-35 Lighting II fighter effort, discusses the latest on program including the Lot 10 contract and what’s next with Defense & Aerospace Report Editor Vago Muradian. The interview was conducted at the Air Force Association’s Air Warfare Symposium March 1-3, 2017, in Orl...
Lockheed Martin (NYSE: LMT) has won two contracts worth a combined $103.4 million to support the Missile Defense Agency‘s efforts to reduce risk for missile technologies. The Defense Department said Thursday Lockheed’s space systems business will help MDA optimize performance and address risk for a gimbaled seeker assembly, integrat...
TYSONS CORNER, VA, March 8, 2017 ” The U.S. and South Korea have begun the deployment of the Lockheed Martin-manufactured (NYSE: LMT) Terminal High-Altitude Area Defense system in the Korean Peninsula to address potential missile threats from North Korea, Executive Gov reported Tuesday. Reuters reported Tuesday the THAAD system w...
Lockheed Martin‘s (NYSE: LMT) commercial engine solutions business, formerly Kelly Aviation Center, has secured a potential nine-year, $1 billion contract to provide engine overhaul and logistics support services for the U.S. Air Force’s KC-10 tanker aircraft. The service branch received two proposals for the indefinit...
TYSONS CORNER, VA, March 7, 2017 ” Lockheed Martin (NYSE: LMT) is in talks with Belgium, Spain and Switzerland for the countries’ potential purchase of F-35 fighter aircraft, ExecutiveBiz reported Monday. Defense World reported Friday Jeff Babione, executive vice president and general manager of Lockheed’s F-35 program, to...
TYSONS CORNER, VA, March 7, 2017 ” The latest phase of the Australian air force’s potential multimillion-dollar program for the modernization of its over-the-horizon radar system has received bids from BAE Systems and Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Monday. Aviation Week reported Thursday phase 6 of the J...
The Defense Logistics Agency has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $750 million contract to supply the U.S. Air Force with flight line spare parts. The Defense Department said Friday Lockheed won the contract, which contains a five-year base period plus three-year and two-year option periods, via a com...
Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a $100.4 million contract modification to update the U.S. Navy‘s shipboard sensor processing systems under the Technical Insertion-16 Acoustic – Rapid-Commercial-Off-The-Shelf Insertion program. The Defense Department said Friday the progra...
Executive Mosaic, Tysons Corner, VA March 1, 2017 — Rick Ambrose, executive vice president of Lockheed Martin™s space systems segment, has been inducted into Executive Mosaic™s 2017 Wash100 for his effective partnering and investment leadership. The Wash100 is the premier group of private and public sector e...
