Hank Tucker, a nearly 13-year Lockheed Martin (NYSE: LMT) veteran, has started a new role as vice president for mission systems at the company’s missiles and fire control business. He announced his new post Monday on LinkedIn and will also hold the sensors and global sustainment deputy title. “I will be responsible for strategy and...
The State Department has approved Finland’s request to purchase Multiple Launch Rocket Systems with an updated configuration and related equipment from the U.S. government under a potential $395 million foreign military sale deal. Finland has requested services to modernize its M270A1 MLRS fleet into the M270A2 model to enhance interoper...
The U.S. Air Force awarded RTX (NYSE: RTX) a $1.15 billion contract to supply the latest Advanced Medium-Range Air-to-Air Missile configuration to domestic and international defense customers. The award covers AIM-120 D-3 and C-8 variants developed through the AMRAAM Form, Fit, Function Refresh program, RTX said Tuesday. It marks the fifth productio...
Boeing (NYSE: BA) has secured a potential $100 million contract to engineer a suite of high-speed fiber-optic shipboard networking systems for the U.S. Navy and foreign military sales customers. Naval Sea Systems Command issued a $16.8 million initial award for design agent and technical engineering support to the AN/USQ-82(V) family of systems, whi...
The U.S. Navy has chosen 10 companies for a potential five-year, $178.4 million contract vehicle to help the Naval Information Warfare Center Pacific manage, engineer and secure information technology systems. The cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract has a $76.4 million initial award covering three base years a...
The Aerospace Industries Association, Professional Services Council and the National Defense Industrial Association have issued a report providing the State Department with recommendations on how to transform the foreign military sales process and defense trade system. Comments and feedback from the three associations’ members representing aer...
Lockheed Martin’s (NYSE: LMT) rotary and mission systems unit has won a potential $642.9 million contract to manufacture Vertical Launching System hardware for the U.S. Navy and foreign military customers. The company was granted a base firm-fixed-price and cost-plus-fixed-fee award valued at $194 million to supply customers with MK 41 VLS mod...
Lockheed Martin (NYSE: LMT) has booked a five-year, $1.44 billion contract from the U.S. Navy to continue developing warfighting capabilities for the F-35 program. The company will develop Multiship Infrared Search and Track Increment 2, Electronic Warfare Band 2/5 Radar Warning Receiver, Beyond Line of Sight communications and Modernized Countermea...
Elbit Systems (Nasdaq: ESLT) has secured a pair of contracts worth $202 million combined to deliver intelligence and electronic warfare aircraft and autonomous artillery systems to unnamed foreign customers. The company said Tuesday it will equip a commercial aircraft platform with an EW suite, designed to help the operator defend against communicat...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $439.5 million contract to produce air-to-ground missile systems for U.S. and international defense customers. The award is a hybrid of cost-plus-fixed-fee, fixed-price incentive and firm-fixed-price arrangements, and contractor work is expected to be completed by the end of September 2025, the...
