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Lockheed Martin's (NYSE: LMT) Sikorsky subsidiary has secured a $525.4M contract modification from the U.S. Army to build an additional 40 UH-60M helicopters. Sikorsky will provide 38 units of the multimission Black Hawk variant to the service branch and two aircraft to foreign military sales customers, the Department of Defense said Tuesd...

Brian Fitzpatrick, chief growth officer of LMI, has been selected by the board of directors to replace David Zolet as the company’s CEO on an acting basis. Zolet, who also serves as LMI president and a 2020 Wash100 award winner, will step down from his current roles to pursue a new career opportunity, while the board will begin its search for his...