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Tag Archives: Lockheed Martin

Navy Eyes Boeing, General Atomics, Lockheed, Northrop for Carrier-Based Drone Tanker Effort

TYSONS CORNER, VA, Aug. 21, 2017 — Boeing (NYSE: BA), General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) are expected to submit proposals to the U.S. Navy for the development of an unmanned aerial refueling tanker that operates with an aircraft carrier, ExecutiveBiz reported Friday. USNI News reported …

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State Dept OKs Romania’s Request for $1.25B in Mobile Rocket Launchers, Humvees

The State Department has given Romania the go-ahead to buy High Mobility Artillery Rocket Systems, other military equipment and related services from the U.S. government under a potential $1.25 billion foreign military sales agreement. Lockheed Martin (NYSE: LMT) is listed as the prime contractor for the transaction that covers HIMARS launchers, Guided-Multiple …

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Lockheed’s Rick Ambrose: AR/VR, 3D Printing & AI to Shape Satellite Production

TYSONS CORNER, VA, Aug. 18, 2017 — Rick Ambrose, executive vice president of Lockheed Martin‘s (NYSE: LMT) space systems segment, has said the future of satellite production will be driven by developments in augmented and virtual reality, 3D printing and artificial intelligence, ExecutiveBiz reported Wednesday. Ambrose, an inductee into Executive Mosaic’s Wash100 for 2017, …

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Executive Mosaic’s Weekly GovCon Round-up: The Biggest Contracts of the Week

Weekly Roundup August 14 – August 18 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week the GovCon industry witnessed a number of significant contract awards, many of which focused on R&D, space, IT services and missile defense. Let’s take a quick …

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Air Force Adds Lockheed to $499M Aerospace Platform R&D Contract

Lockheed Martin (NYSE: LMT) has won a spot on a potential eight-year, $499 million contract from the U.S. Air Force to research and develop new aerospace vehicle technologies for warfighters. The Defense Department said Thursday Lockheed will support the Aerospace Systems Air Platform Technology Research program in Fort Worth, Texas, through 2025. Northrop …

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Lockheed Integrates Updated Comms Satellite for Saudi Customers; Rick Ambrose Comments

TYSONS CORNER, VA, Aug. 16, 2017 — Lockheed Martin (NYSE: LMT) has completed the integration of an updated A2100 communications satellite for Arabsat and the King Abdulaziz City for Science and Technology organization in Saudi Arabia, ExecutiveBiz reported Friday. “We’ve modeled this activity in our virtual reality lab hundreds of times, but this is …

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Lockheed-Raytheon JV Awarded $134M to Supply 3 FMS Clients With Javelin Equipment

A joint venture of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) has received a five-year, $133.9 million contract modification from the U.S. Army for the delivery of Javelin equipment and associated parts to three foreign military sales customers. The Defense Department said Tuesday Javelin Joint Venture will provide non-recurring engineering services …

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August 14th Market Close: GovConIndex and Major Indices Close Up

The Executive Mosaic GovCon Index (GCI) continued its upward trend from the 11th to close up 1.229 percent to 101.260. Advancing shares outpaced decliners 24 to 6. The major indices closed up today with the S&P500 advancing 1.00 percent to 2,465.84, while DJIA moved up by 0.62 percent to 21,993.71, and the NASDAQ Composite increased by 1.34 percent to 6,340.23. Crude oil …

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Lockheed Wins $8B Follow-On Contract for Global Logistics Support to US Special Forces

The U.S. Special Operations Command has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $8 billion contract to continue providing logistics support services to the country’s special operations forces. The Defense Department said Friday the company will also support program and enterprise management functions for USSOCOM’s program executive office of the …

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Lockheed Ships 3 GPS Satellite Signal Receivers to Air Force; Vinny Sica Comments

TYSONS CORNER, VA, Aug. 11, 2017 — Lockheed Martin (NYSE: LMT) has completed the delivery of three of six satellite signal receivers for the U.S. Air Force‘s global positioning system monitoring stations in efforts to update the ground control system, ExecutiveBiz reported Monday. The company said Monday the Monitor Station Technology Improvement Capability …

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