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Lockheed Tapped for Increased Hellfire Missile Production Under $80M Army Deal

TYSONS CORNER, VA, Feb. 1, 2018 — A Lockheed Martin (NYSE: LMT) business unit will build on its production of the AGM-114 Hellfire missiles for the U.S. Army under an $80.2 million contract modification, ExecutiveBiz reported Wednesday. The Defense Department said Tuesday Lockheed Martin Missiles and Fire Control will be tasked to set up …

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June 1 Market Close: GovCon Index, US Stocks Inch Upward on Economic Reports

The GovCon Index started the month of June with a gain of 0.507 points to 78.613 Wednesday as U.S. investors digested several reports to gauge the country’s economy ahead of Friday’s jobs report and Federal Reserve Chair Janet Yellen’s Monday speech. Lockheed Martin (NYSE: LMT) added $1.85 — or 0.78 percent — despite a downgrade …

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Proposed $800M Sale of Lockheed-Built Missiles to Iraq Gets State Dept OK

The State Department has cleared Iraq’s request to purchase major defense equipment such as Lockheed Martin‘s (NYSE: LMT) Hellfire missiles and Captive Air Training Missiles under a potential $800 million foreign military sale contract. The Defense Security Cooperation Agency said Thursday the order includes 5, 000 AGM-114K/N/R Hellfire missiles, 10 114K M36E9 CATMs and defense …

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US, Iraq Strike $6B Deal for Boeing Apache Helicopters

Iraq will acquire 24 Boeing-made (NYSE: BA) Apache attack helicopters through an approved $6.2 billion deal under the Pentagon’s foreign military sales program, Defense News reported Monday. Paul McLeary writes the Iraqi military’s purchase and lease of AH-64Es was approved by a U.S. congressional panel Monday. The deal also includes …

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Raytheon Wins $190M Air Force Deal for Reaper Drone Targeting System

Raytheon Co. (NYSE: RTN) has won a $191 million U.S. Air Force contract to provide 149 multispectral targeting systems for the branch’s General Atomics-built MQ-9 Reaper unmanned aerial vehicles. The company will begin delivering the systems in January 2013 and also provide support systems and spares, according to a Tuesday company announcement. Raytheon said …

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Lockheed, Air Force to R&D Sensor, Radar Target Seeker for Weapons Systems Integration

Lockheed Martin (NYSE: LMT) has signed a five-year cooperative research and development agreement with the U.S. Air Force Research Laboratory‘s munitions directorate to test if its cooled tri-mode seeker can integrate into Air Force weapon platforms. R&D will assess tri-mode weapon capabilities, emerging targeting concepts and guidance techniques. Lockheed’s cooled tri-mode seeker …

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