Lockheed Martin (NYSE: LMT) has received a potential $3.43 billion contract modification from the U.S. Army to produce surface-to-surface weapon systems for the service branch. The Department of Defense said Friday the Army expects work on the Guided Multiple Launch Rocket System supply contract award to run through Oct. 20, 2027. Army Contracting C...
A joint venture of Lockheed Martin (NYSE: LMT) and RTX‘s (NYSE: RTX) Raytheon business has received a potential $1.3 billion follow-on contract from the U.S. Army to produce Javelin missiles and supply related equipment and services for the military branch. The companies said in a joint release published Thursday the follow-on award is part of...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a potential $3.9 billion contract to provide training systems and design, develop, integrate and test simulation platforms for the F-35 Lightning II fighter aircraft. The Department of Defense said Wednesday work on the sole-source, indefinite-delivery/indefinite-quantity contract will occur in O...
Michael Drews, a more than 20-year Lockheed Martin (NYSE: LMT) veteran, has taken on the role of vice president for global situational awareness and NC3 advanced capabilities and mission strategy at the Bethesda, Maryland-based aerospace and defense contractor. He announced his new position in a LinkedIn post published Monday. In this role, Drews wi...
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...
