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Kenneth Possenriede to Succeed Bruce Tanner as Lockheed EVP, CFO; Marillyn Hewson Quoted

Kenneth Possenriede, a more than 30-year Lockheed Martin (NYSE: LMT) veteran, has been named executive vice president and chief financial officer of the company in a move that will take effect Feb. 11. He will succeed the retiring Bruce Tanner, a 37-year company executive who served as CFO for more …

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McAleese & Associates: GovCon Execs Talk AI, Hypersonics at Reagan Forum

Consulting firm McAleese & Associates has released a report on key takeaways from the two-day Reagan National Defense Forum that kicked off Friday in California. Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson; Raytheon (NYSE: RTN) CEO Thomas Kennedy; Leanne Caret, CEO of Boeing’s (NYSE: BA) defense, space and security business; and Harris (NYSE: …

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Nine Companies Secure Spots on $2.6B NASA Lunar Payload Delivery Support IDIQ

NASA has awarded nine companies positions on a potential 10-year, $2.6B contract to deliver scientific instruments and other payloads to the Moon. Contractors will compete for payload integration, operations and other delivery support services under the Commercial Lunar Payload Services contract, NASA said Friday. The awardees are: Astrobotic Technology Deep Space …

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MDA Taps Lockheed for $240M Simulation Framework Development Contract

Lockheed Martin (NYSE: LMT) has landed a potential five-year, $240M contract to help the Missile Defense Agency develop, apply and sustain a modular objective simulation framework for ballistic missile defense systems. MDA will obligate $1.7M in fiscal 2018 research and development funds to finance initial activities under the contract’s first task …

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Lockheed Receives $349M Navy Contract to Build F-35 Developmental Lab, Flight Test Infrastructure

Lockheed Martin (NYSE: LMT) has secured a potential $348.9M contract to provide infrastructure for F-35 developmental laboratories and flight tests. The infrastructure will support the fighter aircraft program’s development, production and sustainment efforts, the Defense Department said Thursday. DoD noted the cost-plus-incentive-fee contract combines purchases from the Navy, U.S. Marine Corps, U.S. Air Force …

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Lockheed Gets $22.7B Modification on Lot 12 F-35 Aircraft Production, Delivery Contract

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $22.71B contract modification to build and deliver 255 lot 12 F-35 aircraft to domestic and international military clients. The U.S. Navy awarded the modification for the company to manufacture 106 F-35 units for the U.S. military; 89 units for non-Defense Department users; …

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Lockheed Gets $350M Modification for JASSM Life Cycle Support

Lockheed Martin (NYSE: LMT) has landed a $350M modification to an existing production support indefinite-delivery/indefinite-quantity contract for the U.S. Air Force‘s Joint Air-to-Surface Standoff Missile. The company will provide logistics, integration, production, sustainment, system updates and management support for all JASSM variants including the Long Range Anti-Ship Missile and the JASSM-Extended …

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Lockheed Gets $130M Modification for F-35 Pre-Modernization Support

The U.S. Navy has awarded a $130.4M contract modification to Lockheed Martin‘s (NYSE: LMT) aerospace business for decomposition and design efforts in preparation for F-35 Block 4 modernization. The company will work to help the aircraft meet weapon and air system requirements corresponding to Block 4.1 standard, the Defense Department said …

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Navy Taps Lockheed Subsidiary for Helicopter Logistics, Repair Under $717M Contract

Lockheed Martin‘s (NYSE: LMT) Sikorsky Aircraft subsidiary has received a $717.4M sole-source contract to perform logistics and repair services for 98 components of the U.S. Navy‘s CH-53 and MH-53 helicopters. The service branch will allot $142.7M to finance the firm-fixed-priced, performance-based logistics contract’s delivery order, the Defense Department said Wednesday. …

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DISA Issues Final RFP for $6.5B GSM-O IT, Telecom Support Recompete Contract

The Defense Information Systems Agency has released a final solicitation for the potential 10-year, $6.52B Global Solutions Management-Operations follow-on contract for telecommunications and information technology services, Bloomberg Government reported Monday. GSM-O II is a single-award contract that covers IT support for the Department of Defense Information Network/Defense Information Systems Network, …

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