Tag Archives: lmt

Lockheed Named Largest Contract Recipient in DOD’s Fiscal 2019 State-Level Spending Report

FY 2019 defense spending by state report

A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. The list also includes General Dynamics (NYSE: GD), BAE Systems, Huntington Ingalls Industries (NYSE: HII), Humana (NYSE: HUM), L3 Technologies, which now operates as L3Harris Technologies (NYSE: LHX) after it merged with Harris, Raytheon and United Technologies Corp. Raytheon and UTC merged in April 2020 and the combined entity now runs as Raytheon Technologies (NYSE: RTX).

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R. Clark Cooper: Potential $23B Deal With UAE for F-35 Jets, Other Weapons Could Be Signed Before Jan. 20

F-35A

R. Clarke Cooper, assistant secretary of state for political-military affairs, said the U.S. government is expected to sign a potential $23.37B deal for the sale of Lockheed Martin-built (NYSE: LMT) F-35 fighter jets, drones and other weapons systems to the United Arab Emirates before the Trump administration ends, Defense News reported Friday.

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Lockheed Strikes $4.4B Deal for Aerojet Rocketdyne; James Taiclet, Eileen Drake Quoted

James Taiclet President and CEO Lockheed Martin

Lockheed Martin (NYSE: LMT) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.4B in a move to expand its capabilities in the areas of hypersonics, space exploration, integrated air and missile defense and tactical missiles. The deal is expected to conclude in the second half of 2021, subject to approval by Aerojet Rocketdyne’s stockholders, regulatory clearances and other customary closing conditions.

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Report: Lockheed VP Paul Lemmo to Become Sikorsky President

Paul Lemmo Incoming President Sikorsky

Paul Lemmo, vice president of integrated warfare systems and sensors at Lockheed Martin (NYSE: LMT), has been promoted to president of the aerospace and defense contractor’s Sikorsky subsidiary, Inside Defense reported Wednesday. Lemmo will succeed the retiring Dan Schultz, a 14-year Lockheed veteran, in January.

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Serco Inc.’s Dave Dacquino Asks GovCon Execs to Support Transitioning Vets via Labor Dept’s Apprenticeship Pilot Program

Dave Dacquino Chairman and CEO Serco Inc.

Dave Dacquino, chairman and CEO of Serco Inc. and a previous Wash100 winner, is challenging executives in the GovCon industry to commit to providing employment opportunities for transitioning service members by participating in the Department of Labor's veteran apprenticeship pilot program.

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Senate Panel Asks Space Force to Assess Strategic Comms Gap Amid ESS Program Cuts; Lockheed’s Rick Ambrose Quoted

Rick Ambrose EVP Lockheed Martin Space

The Senate Appropriations Committee wants the U.S. Space Force to assess the potential gap in strategic communications as the service proposes budget cuts to the Evolved Strategic Satellite Communications program and plans to push back the planned replacement of Advanced Extremely High Frequency satellites with ESS satellites to 2032, Breaking Defense reported Wednesday.

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