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State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to …

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Garrett Pagon to Succeed Omar Balkissoon as OGSystems CEO in Series of Exec Moves

OGSystems has announced a series of leadership changes as CEO and Co-founder Omar Balkissoon transitions to the role of board chairman of the Chantilly, Virginia-based defense and intelligence technology contractor. Garrett Pagon, OGSystems president and co-founder, will succeed Balkissoon as CEO of the company, OGSystems said Tuesday. Balkissoon will also …

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Richard Edwards, Frank St. John Take New EVP Roles at Lockheed; Marillyn Hewson Comments

Lockheed Martin (NYSE: LMT) has appointed two executives to new executive vice president roles in a move that takes effect immediately. Richard “Rick” Edwards, formerly EVP of the company’s missiles and fire control business, has been selected by the board of directors to serve as EVP of Lockheed’s international business, Lockheed …

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Leidos Defense Group Head Michael Leiter Leaves Company

Leidos‘ (NYSE: LDOS) defense group president Michael Leiter left the company on Friday approximately one year after the merger with the former Lockheed Martin (NYSE: LMT) information systems and global solutions segment was first announced. Leidos disclosed Leiter’s departure in a regulatory filing after markets closed Friday. “We thank Michael for …

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Lockheed Gets $961M Air Force IDIQ for Targeting Pod Upgrade, Sustainment Services

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $961 million contract to perform upgrades and provide sustainment services for the U.S. Air Force’s Sniper Advanced Targeting Pods. The indefinite-delivery/indefinite-quantity contract covers 683 Sniper pods, spares, sensor and software updates, logistics support and other services, Lockheed said Wednesday. Paul Lemmo, vice …

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Lockheed to Supply Navy Integrated Common Processors Under $135M IDIQ

Lockheed Martin (NYSE: LMT) has received a potential five-year, $135.5 million contract to provide integrated common processors to the maritime surveillance systems program office under the U.S. Navy‘s program executive office for submarines. The Defense Department said Monday the Navy aims to equip Surveillance Towed Array Sensor System ships and applicable shore facilities with a …

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Report: Germany Begins $4.72B Heavy-Lift Helicopter Replacement Bid Process

Germany’s military has cleared a plan to start the competition for a potential $4.72 billion contract to purchase 45 to 60 heavy-lift helicopters to replace its current fleet of CH-53G aircraft, Reuters reported Friday. A source said Gen. Volker Wieker, chief of staff of the German Bundeswehr, signed Thursday a …

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Lockheed Wins Potential $78M Navy IT Security Support Contract

Lockheed Martin (NYSE: LMT) has won a potential five-year, $77.7 million contract to provide cybersecurity support for U.S. Navy information technology systems. The Defense Department said Monday Lockheed will help the military branch’s cyber personnel to design, analyze, develop, test, integrate, deploy and operate IT security platforms. Five offers were submitted to the Naval Air …

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State Dept OKs Poland’s Requests for $500M in Mobile Rocket Launcher, Air-to-Air Missiles

The State Department has cleared Poland’s request to buy a High Mobility Artillery Rocket System and AIM-120C-7 Advanced Medium-Range Air-to-Air Missiles from the U.S. government under two foreign military sales agreements worth approximately $500 million combined. Poland asked to purchase Guided Multiple Launch Rocket System M31A1 Unitary, GMLRS M30A1 alternative warheads, Army …

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State Dept OKs $10.5B IBCS-Enabled Patriot Missile System Sale to Poland

The State Department has given Poland the green light to buy the third configuration of the Patriot missile system equipped with the Integrated Air and Missile Defense Battle Command System and related equipment from the U.S. government under a potential $10.5 billion foreign military sales agreement. Raytheon (NYSE: RTN), Lockheed Martin (NYSE: …

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