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Tag Archives: Lockheed Martin

Lockheed Gets $120M Delivery Order Modification for Initial F-35 Air Vehicle Spares

Lockheed Martin (NYSE: LMT) has received a $119.7 million delivery order modification from the U.S. Navy to provide initial air vehicle deployment spares packages for the F-35 program. The Defense Department said Monday Lockheed’s aeronautics business will deliver the spares in support of the U.S. Air Force‘s F-35 delivery schedules. DoD noted firm-fixed-price order …

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Lockheed Martin’s F-35 to Get AFRL-Built Automatic Anti-Collision System

TYSONS CORNER, VA, Feb. 5, 2018 — Lockheed Martin‘s (NYSE: LMT) F-35 fighter aircraft is set to receive an anti-collision system currently installed on F-16s through a partnership with the Air Force Research Laboratory and the F-35 Joint Program Office, ExecutiveBiz reported Friday. The F-35 JPO said the AFRL-developed Automatic Ground Collision …

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Karen Shields Named Serco Inc. Health Services Business Unit VP; Dave Dacquino Comments

Karen Shields, formerly vice president of health sector at Serco Inc., has been promoted to VP of health services business unit at the British contractor’s North American arm. Shields will directly report to Chairman and CEO Dave Dacquino and oversee the development and operations of the company’s business with the Department …

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Navy Awards Lockheed $148M Contract Modification for Israeli F-35 System Support

Lockheed Martin (NYSE: LMT) will support weapons certification and electronic warfare analysis efforts for Israel’s F-35 Lightning II aircraft under a $147.9 million modified contract with the U.S. Navy. The company’s aeronautics business will also obtain modification kits to support the design and development of F-35 systems meant to provide 3F+ fleet capability to …

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Leidos to Combine Operations Into New Reston, VA HQ; Roger Krone Comments

Leidos (NYSE: LDOS) has signed a deal with Boston Properties to transfer its headquarters to a new office building in Reston Town Center in Virginia as part of plans to consolidate operations from two buildings into one facility. Leidos said Tuesday construction work on the new HQ will start by …

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Lockheed Tapped for Increased Hellfire Missile Production Under $80M Army Deal

TYSONS CORNER, VA, Feb. 1, 2018 — A Lockheed Martin (NYSE: LMT) business unit will build on its production of the AGM-114 Hellfire missiles for the U.S. Army under an $80.2 million contract modification, ExecutiveBiz reported Wednesday. The Defense Department said Tuesday Lockheed Martin Missiles and Fire Control will be tasked to set up …

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Thomas Bell to Rejoin Rolls-Royce as Defense Business Head

Thomas Bell, senior vice president of global sales and marketing at Boeing‘s (NYSE: BA) defense, space and security business, will rejoin Rolls-Royce this month as president of the aircraft engine manufacturer’s defense arm. Rolls-Royce said Wednesday Bell initially joined the company in mid-2012 as president for its North American customer business and after that held the same …

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Report: Defense Companies Plan Capital Expenditures Amid Rise in DoD Contracts

Some contractors have expressed plans to increase their investments in production capacity and facilities in fiscal year 2018 and in the next few years as the Defense Department starts to ramp up contract obligations, USNI News reported Wednesday. Jason Aiken, chief financial officer at General Dynamics (NYSE: GD), told analysts …

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Lockheed to Build Airborne Launch Control System Prototype Under $81M USAF Contract; Vinny Sica Comments

Lockheed Martin (NYSE: LMT) has received a potential $81 million contract to design and build a prototype designed to replace the U.S. Air Force’s aerial launch control system aboard the E-6B Mercury airborne command post aircraft. The service awarded the technology maturation and risk reduction contract through the Airborne Launch Control …

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Lockheed Martin Secures Air Force Work on GPS Control Segment Updates

TYSONS CORNER, VA, Jan. 30, 2018 — Lockheed Martin (NYSE: LMT) will provide hardware and services to help advance U.S. Air Force programs for updates to the Global Positioning System control segment under a potential $10.8 million contract modification, ExecutiveBiz reported Monday. The Defense Department said Friday the award covers hardware procurement …

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