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Tag Archives: Lockheed Martin

Lockheed to Develop Aegis Weapon Software for Japan Under $136M Navy FMS Contract

A business unit of Lockheed Martin (NYSE: LMT) will develop and integrate an Aegis  weapon system baseline for Japan’s maritime self defense force under a one-year, $135.8 million contract from the U.S. Navy. The Defense Department said Friday that Lockheed Martin Rotary and Mission Systems will provide the DDG Aegis J7 baseline under …

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Lockheed-Built GPS III Satellite Links With Raytheon Ground Control System

TYSONS CORNER, VA, Dec. 15, 2017 — The first Lockheed Martin-built (NYSE: LMT) GPS III satellite has established a connection with the launch-and-checkout system of Raytheon‘s (NYSE: RTN) ground control segment during a U.S. Air Force factory mission readiness test, ExecutiveBiz reported Thursday. Lockheed said Wednesday GPS III Space Vehicle 01 communicated with the Raytheon-developed Next Generation …

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Lockheed Wins Potential $78M Navy IT Security Support Contract

Lockheed Martin (NYSE: LMT) has won a potential five-year, $77.7 million contract to provide cybersecurity support for U.S. Navy information technology systems. The Defense Department said Monday Lockheed will help the military branch’s cyber personnel to design, analyze, develop, test, integrate, deploy and operate IT security platforms. Five offers were submitted to the Naval Air …

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GovConIndex Ends the Week Up While Major Indices Close In The Negative

GovCon Wire is changing its coverage of the GovCon Index and major indices. GovCon Wire will now be providing weekly performance analysis instead of the daily for the GovCon Index, S&P 500, Dow Jones Industrial Average and NASDAQ Composite. In reviewing the past weeks market performance the Executive Mosaic GovCon Index (GCI) …

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Pratt & Whitney Gets $353M Modification on F-35 Propulsion Tech Sustainment Contract

United Technologies‘ (NYSE: UTX) Pratt & Whitney subsidiary has received a $353.2 million modification under a U.S. Navy contract for logistics sustainment work on propulsion systems designed to power the Lockheed Martin-built F-35 aircraft. Pratt & Whitney will support F-135 propulsion systems for F-35 jets of the Navy, the U.S. Air Force, the U.S. Marine …

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Lockheed Receives $102M Navy Submarine Sonar Contract Modification

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $101.9 million modification to exercise options under a previously awarded contract for the procurement of acoustic detection sonar technology. Lockheed’s rotary and mission systems business will provide technical Acoustic Rapid Commercial Off-the-Shelf Insertion systems along with pre-cable kits and A-RCI sonar engineering services …

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6 Companies Form Team to Pursue Canadian Surface Combatant Procurement Contract

TYSONS CORNER, VA, Nov. 30, 2017 — BAE Systems, CAE, L3 Technologies (NYSE: LLL), Lockheed Martin (NYSE: LMT), Maxar Technologies (NYSE: MAXR) and Ultra Electronics have teamed up in a bid to develop Canada’s future surface combatant vessels, ExecutiveBiz reported Wednesday. Lockheed said Tuesday the group called “Canada’s Combat Ship Team” has offered …

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Rick Wagner Promoted to Lead ManTech’s Mission, Cyber & Intell Group

Rick Wagner, executive vice president and chief operating officer of the mission, cyber and intelligence solutions group at ManTech International (Nasdaq: MANT), has been promoted to president of that same unit in a move that takes effect Jan. 1. ManTech said Wednesday Wagner will succeed the retiring Bill Varner, who has led the …

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State Dept OKs Poland’s Requests for $500M in Mobile Rocket Launcher, Air-to-Air Missiles

The State Department has cleared Poland’s request to buy a High Mobility Artillery Rocket System and AIM-120C-7 Advanced Medium-Range Air-to-Air Missiles from the U.S. government under two foreign military sales agreements worth approximately $500 million combined. Poland asked to purchase Guided Multiple Launch Rocket System M31A1 Unitary, GMLRS M30A1 alternative warheads, Army …

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Rick Ambrose: Lockheed Pursues Investments to Advance Manufacturing Process Amid ‘NewSpace’ Challenge

TYSONS CORNER, VA, Nov. 28, 2017 — Rick Ambrose, executive vice president of the space systems segment at Lockheed Martin (NYSE: LMT), has noted the company’s multi-year investments in production techniques as it works to position itself against “NewSpace” startups, ExecutiveBiz reported Wednesday. Ambrose, an inductee into Executive Mosaic’s Wash 100 for …

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