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Tag Archives: Lockheed Martin

Lockheed Chief Marillyn Hewson Named 2018 ‘CEO of the Year’

TYSONS CORNER, VA, May 10, 2018 — Marillyn Hewson, chairman, president and CEO of  Lockheed Martin (NYSE: LMT), has received recognition from Chief Executive magazine as the “2018 Chief Executive of the Year” for her contributions to help advance science, technology, engineering and mathematics education, ExecutiveBiz reported Wednesday. Chief Executive Group said …

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Report: Barry McCullough Takes New VP Role at Lockheed

Barry McCullough, formerly vice president of international business development at Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business, has been named as the unit’s VP of strategy and business development, Inside Defense reported Wednesday. The report said McCullough will lead the development and implementation of the RMS business strategy in his …

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Lockheed Martin Continues F-35 Deliveries After DoD Repair Cost Agreement

TYSONS CORNER, VA, May 9, 2018 — Lockheed Martin (NYSE: LMT) has reached an agreement with the Defense Department on matters related to the cost of F-35 repairs and has resumed deliveries of the aircraft to the military, ExecutiveBiz reported Tuesday. Reuters reported Tuesday that the F-35 Joint Program Office indicated the …

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Lockheed to Supply Arleigh Burke-Class Ship Machinery Control Equipment Under $194M Contract

Lockheed Martin (NYSE: LMT) has received a potential $194.3 million contract to provide consoles and cabinets for the machinery control system of the U.S. Navy‘s Arleigh Burke-class guided missile destroyers. DDG 51 MCS is designed to monitor and manage the ship’s auxiliary, damage control, electrical and propulsion systems, the Defense Department said Tuesday. …

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L3 President, CEO Christopher Kubasik Succeeds Michael Strianese as Board Chairman

Christopher Kubasik, president and CEO of L3 Technologies (NYSE: LLL), has succeeded Michael Strianese as chairman of the New York City-based defense contractor’s board of directors. Kubasik said in a statement released Monday he will continue to work with L3’s board and management team to implement business transformation and growth efforts. He …

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Air Force Selects Lockheed, Northrop to Support Next-Gen Missile Warning Satellite Program

The U.S. Air Force intends to award Lockheed Martin (NYSE: NOC) and Northrop Grumman (NYSE: NOC) separate contracts to help the service branch define requirements for its future missile warning satellite constellation. Both companies will support the Next-Generation Overhead Persistent Infrared program that aims to build a constellation of satellites …

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Lockheed to Produce Additional THAAD Interceptors Under $145M MDA Contract Modification

Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has received a $145.3 million contract modification from the Missile Defense Agency to manufacture additional  Terminal High Altitude Area Defense systems. The modification increases the contract’s potential value to $1.4 billion and covers the production of lot 10 THAAD interceptors, one-shot devices …

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Lockheed Martin Ships Final 2 Japan-Based USAF Super Hercules Cargo Planes

TYSONS CORNER, VA, May 3, 2018 — Lockheed Martin (NYSE: LMT) has delivered the final two C-130J-30 Super Hercules military transport aircraft that will be based at the U.S. Air Force‘s Yokota Air Base in Japan in support of several regional operations, ExecutiveBiz reported Wednesday. The company said Tuesday the 36th Airlift Squadron at …

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Lockheed Martin Unveils New Florida Facility for F-35 Parts Production

TYSONS CORNER, VA, May 2, 2018 — Lockheed Martin (NYSE: LMT) has unveiled a new facility in Pinellas Park, Florida, that will house production of canopies and bulkheads for F-35 fighter aircraft, ExecutiveBiz reported Tuesday. The company said Monday the facility adds 65,500 square feet of manufacturing and office space …

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Lockheed-Led Team Lands $1.4B F-35 Sustainment Support Contract

A Lockheed Martin-led (NYSE: LMT) industry team has received a potential $1.4 billion contract to provide sustainment support for F-35 fighter jets worldwide. The contract awarded by the F-35 joint program office also covers Automatic Logistics Information System support, predictive health management and data analytics; supply chain logistics; air system maintenance; …

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