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Lockheed Martin (NYSE: LMT) has received a three-year, $167.5M contract to supply long-range anti-ship missile systems to the U.S. Air Force. The company's missiles and fire control systems unit will provide 48 LRASMs along with tooling and test equipment through the sole-source contract, the Department of Defense said Tuesday....

Paul Cormier, formerly president of products and technologies at Red Hat, has been named president and CEO of the open source software provider. He succeeds Jim Whitehurst, who transitioned to new roles as chairman of Red Hat and president of its parent company, IBM (NYSE: IBM)....