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McAleese & Associates: Lockheed Reports 23% Growth in Q1 2019 Sales

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its sales in the first quarter of 2019 climb 23 percent to $14.3B primarily driven by sales growth in the company’s aeronautics and missiles and fires control business units. Jim McAleese, founder and principal of McAleese & Associates …

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Lockheed Gets Potential $363M Army Contract for Multiple Launch Rocket Systems

Lockheed Martin (NYSE: LMT) secured a potential three-year, $362.7M contract to deliver M270A0, M270A1 and M270A2 Multiple Launch Rocket Systems to the U.S. Army. The company will also provide M270A2 flyaway package, production line spares and authorized stockage list kits as well as production line restart and proposal costs, the …

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Lockheed Gets $879M IDIQ to Sustain Air Force Minuteman III Re-Entry Subsystems

Lockheed Martin (NYSE: LMT) has secured a potential 11-year, $879M to help the U.S. Air Force maintain re-entry system and vehicle subsystems that support an intercontinental ballistic missile platform. The indefinite-delivery/indefinite-quantity contract includes maintenance, sustainment, developmental and production engineering, aging surveillance, alteration and software maintenance support for Minuteman III RS/RV …

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Lockheed Gets $174M Army Contract for Missile Defense Tech Integration Work

Lockheed Martin (NYSE: LMT) has received a potential $173.7M contract to help the U.S. Army integrate the Terminal High Altitude Area Defense and Patriot Advanced Capability Missile Segment Enhancement systems. A FedBizOpps notice posted Tuesday says Lockheed’s missiles and fire control business will also design and implement an updated Fire Solution …

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Former NRO Deputy Chief Stephen Denker to Lead Lockheed’s Satellite Ground Programs

Stephen Denker, a retired Air Force major general, has been named head of satellite ground programs at Lockheed Martin (NYSE: LMT) in a move that will take effect on April 1. He will be responsible for intelligence and analytics development initiatives in support of space ground platforms as part of …

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Paul Strasser Named Brillient President

Paul Strasser, former executive vice president for information management solutions group at Data Systems Analysts, has joined Reston, Va.-based information technology services contractor Brillient as president. He will oversee Brillient’s growth and expansion initiatives, client relationships and delivery operations, the company said Wednesday. “I look forward to working with this …

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Kay Kapoor, John Johnson Named to Tyto Athene Executive Advisory Board

Kay Kapoor, founder and CEO of Arya Technologies, and John Johnson, a partner at government consulting firm Deep Water Point, were named to the executive advisory board of Tyto Athene. Johnson and Kapoor will help implement Tyto Athene’s strategy and provide counsel with regard to government relations, market capitalization and …

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Roderick McLean, Bridget Lauderdale to Assume New VP Roles at Lockheed; Michele Evans Quoted

Roderick McLean, vice president and general manager of the integrated fighter group at Lockheed Martin (NYSE: LMT), has been appointed to succeed George Shultz as VP and GM for the company’s air mobility and maritime missions organization. Lockheed said Thursday McLean will manage C-130, C-5, LM-100J and P-3 programs while …

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McAleese and Associates: CFO Kenneth Possenriede on Lockheed’s 2019 Priorities

McAleese and Associates has released a report on Lockheed Martin’s (NYSE: LMT) 2019 priorities as discussed by Chief Financial Officer Kenneth Possenriede at a JP Morgan conference on Thursday. Some of the priorities mentioned include the F-35 fighter aircraft program; missiles and fire control sector; hypersonics; and the restart of …

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Lockheed Gets $93M Navy Contract Modification for MUOS Military Satcom Support

Lockheed Martin (NYSE: LMT) has received a potential $92.8M contract modification from the U.S. Navy to provide engineering and interim logistics support for a global military satellite communications system. The company will also provide Mobile User Objective System spares and associated materials, the Department of Defense said Tuesday. Work is …

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