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Tag Archives: lmt

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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Report: UAE to Buy $684M in Raytheon-Built Laser Guided Bombs

The United Arab Emirates will purchase laser guided bombs from Raytheon (NYSE: RTN) under a $684.4 million deal, Reuters reported Tuesday. The agreement announced at the Dubai Airshow Tuesday includes Raytheon-built GBU-10 and GBU-12 Paveway bomb kits. The deal came days after UAE awarded Lockheed Martin (NYSE: LMT) a potential …

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Report: UAE, Lockheed Seal $1.6B F-16 Upgrade Deal

Lockheed Martin (NYSE: LMT) has secured a potential $1.6 billion order to perform upgrades to the United Arab Emirates’ F-16 fighter aircraft, The National reported Sunday. The report said UAE’s armed forces entered numerous defense deals with U.S. companies, which include an agreement for Lockheed to modernize 80 F-16s. Lockheed CEO …

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Lockheed Lands $386M Contract Modification to Support Air Force ICBM Re-Entry System

Lockheed Martin (NYSE: LMT) has received a potential $386 million contract modification from the U.S. Air Force to continue support work on the military branch’s intercontinental ballistic missile system. The Defense Department said Wednesday Lockheed’s space systems business will support the re-entry systems and vehicle subsystems of the Minuteman III ICBM. USAF awarded the …

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Postal Service Taps Lockheed for $215M Package Sorting Tech Supply IDIQ

Lockheed Martin (NYSE: LMT) has received a potential $215 million contract to provide automated package processing systems to the U.S. Postal Service. The company said Tuesday it will supply as many as 10 Enhanced Package Processing Systems to USPS under the indefinite-delivery/indefinite-quantity contract to help the agency automatically separate mail pieces, reading materials, handwritten addresses, …

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Lockheed Gets $260M Modification on Greek P-3B Aircraft Modernization Contract

Lockheed Martin (NYSE: LMT) has received a potential $260 million contract modification from the U.S. Navy to help modernize four P-3B maritime patrol aircraft for the government of Greece. The Defense Department said Monday Lockheed’s aeronautics business unit will support phased depot maintenance as well as avionics and country-specific mission and management systems …

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Mike Leff, Chris Smith Take New VP Roles at AT&T’s Public Sector Group

Mike Leff, formerly vice president of strategy and operations at AT&T’s (NYSE: T) public sector organization, has been named VP of the telecommunications company’s defense business. Leff will directly report to Xavier Williams, president of AT&T’s public sector and wholesale solutions business, the company said Thursday. Leff is a two-decade public sector …

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James Collier Named NCI EVP, Treasurer & CFO

James Collier, former senior vice president of corporate planning and analysis at Leidos (NYSE: LDOS), has joined government technology services contractor NCI as executive vice president, chief financial officer and treasurer. NCI said Wednesday the nearly three-decade industry veteran will lead the company’s financial operations in his new position. His professional background spans …

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Lockheed Gets $131M Follow-On Contract for Paveway II Bomb Kit Production

Lockheed Martin (NYSE: LMT) has received a $131 million follow-on contract to continue to manufacture laser guided bomb kits for the U.S. Air Force. The company said Wednesday it will supply Paveway II Plus LGB kits for the ninth consecutive year to USAF and the contract includes funds meant to address …

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Reports: Northrop Ends Navy Stingray Tanker Drone Contract Pursuit

Northrop Grumman (NYSE: NOC) has decided to drop the company’s pursuit of the U.S. Navy’s carrier-based unmanned aerial refueling tanker program, Defense News reported Wednesday. The contractor’s decision came two weeks after the service issued the final request for proposals for the MQ-25A Stingray program. “Winning is great… but if you can’t …

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