Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday. Julie Johnsson and Anthony Capaccio write Lockheed CEO Marillyn Hewson, also an inductee into Executive Mosaic™...
Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a $98.5 million contract modification to update the U.S. Navy‘s AN/SLQ-32 electronic warfare system. The Defense Department said Friday the modification covers full-rate production of the Surface Electronic Warfare Improvement Program‘s Block 2 ...
Germany looks to procure six C-130J Super Hercules airlifters worth approximately $966 million from Lockheed Martin (NYSE: LMT) as part of a joint operating agreement with France, Reuters reported Friday. Andrea Shalal writes Germany aims to send a formal request to the U.S. government in 2019 to buy C-130Js in support of ...
Lockheed Martin (NYSE: LMT) has received a potential five-year, $347 million contract from the General Services Administration to provide a range of technical, functional and managerial support services at the Defense Department‘s cybercrime center. The contract covers Defense Cyber Crime Center services such as l...
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...
