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Tag Archives: Lockheed Martin

Lockheed Completes PAE Divestiture

Lockheed Martin (NYSE: LMT) finalized the divestiture of its Pacific Architects and Engineers Inc. business to Lindsay Goldberg for an undisclosed amount. Lockheed decided to divest PAE last year after a comprehensive review of the company’s portfolio and customer priorities.

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Lockheed to Build Sub Training Targets with New Deal

Lockheed Martin (NYSE: LMT) won $5.4 million from the Navy to create and second-generation anti-submarine training target. The targets are designed to recreate the movements and sounds of diesel submarines to help crews train to defend against subs. “We’ve worked with the U.S. and allied navies to provide a more …

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Lockheed Martin Scores Trio of DoD Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $14, 785, 866 modification to previously competitively awarded contract (N00024-08-C-6283) to exercise an option for the procurement of four low cost conformal array production units and engineering and technical services.  The contract is fixed-price-incentive for production …

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Lockheed Martin Books Massive $789 Million Missile Defense Deal

Lockheed Martin (NYSE: LMT) reached a deal with the Missile Defense Agency worth $789.8 million to cover production of the Terminal High Altitude Area Defense Weapon System. According to the firm, “the contract includes $694.9 million and for the production of 48 THAAD interceptors, six THAAD launchers, four fire control …

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Lockheed Rolls Out New Aircraft at Ceremony

Lockheed Martin (NYSE: LMT) introduced the first member of a new fleet of MC-130J Combat Shadow IIs for the U.S. Air Force’s Special Operations Command at a ceremony this week. Lt. Gen. Donald C. Wurster, commander, Air Force Special Operations Command, delivered a speech to mark the occasion. “The MC-130J …

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Lockheed Martin Wins Navy Contract

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $7, 907, 803 firm-fixed-price and cost-plus-fixed-fee option exercise modification to previously awarded contract (N00024-08-C-6282) for the production and support of multi-function towed arrays for the AN/SQQ-89A(V)15 antisubmarine warfare combat systems.  The multi function towed array is …

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Lockheed Lands on Lucrative Coast Guard Contract

Lockheed Martin (NYSE: LMT) won a spot from the Coast Guard on a five-year ID/IQ covering training and technical support services. The deal includes a $57 million ceiling value. The firm will cover a number of tasks, including hiring specialized instructors in aviation and handling performance analysis. “We’re proud that …

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Double the DoD Work for Lockheed Martin

According to the Department of Defense, “the Missile Defense Agency is awarding Lockheed Martin (NYSE: LMT) a fixed-price incentive and cost-plus-fixed-fee modification with a total value of $694, 964, 438 under Missile Defense Agency contract HQ0147-07-C-0196.  The modification will include the definitization of an undefinitized contract action with a not-to-exceed …

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Score Four DoD Deals for Lockheed Martin

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $376, 621, 375 modification to previously awarded contract (N00024-11-C-2300) to contractually authorize fiscal 2011 Littoral Combat Ship (LCS) construction.  Work will be performed in Marinette, Wis. (56 percent); Walpole, Mass. (14 percent); Washington, D.C. (12 percent); …

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Lockheed Martin Team Books $376 Million LCS Contract

An industry team led by Lockheed Martin (NYSE: LMT) secured a $376 million construction deal from the Navy. With the deal in place the team will build America’s seventh Littoral Combat Ship. According to the firm, “the fixed-price-incentive-fee contract provides funding for the second of 10 ships the Navy awarded …

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