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Tag Archives: Lockheed Martin

Egypt Agrees to buy F-16s from Lockheed Martin

The Egyptian government has agreed to the purchase of 24 F-16 Fighter jet aircraft, in a deal worth approximately $3.2 billion. The Egyptian Air Force is the 4th largest in the world to use the F-16. According to Lockheed Martin officials, the aircraft is used by 25 different nations. Lockheed …

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Lockheed Martin donates money to preserve history

On December 25, 2009, Lockheed Martin pledged to donate $400, 000 to the Washington Crossing Historical Park in Washington Crossing, PA. The park has recently seen budget cuts due to lack of state funding. The funds will be used to build an educational wing in the visitor’s center for the …

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Lockheed Martin Wins Morocco Contract

Today, Lockheed Martin announced a contract worth $842 million to supply Morocco with 24 F-16 fighter aircrafts and support. Lockheed Martin and the government of Morocco have had previous contracts together and this one plays upon a smaller deal from last year.  The U.S. based Lockheed Martin beat France based …

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UK gets funding to purchase F-35 from Lockheed Martin

The United Kingdom has received approval to purchase its third F-35B Lightening II operational test aircraft. The UK has already invested around $2 billion in the development of the F-35, the largest amount from any participating nation. The Netherlands, Australia, Norway, the US and Italy have also recently committed to …

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Lockheed Martin Continues Successful Integration

Lockheed Martin has completed Phase 2 of testing for the Sniper Advanced Targeting Pod (ATP) B-52 integration program. The Sniper pod is designed to provide B-52 aircrews with positive target identification and video downlink to forward-deployed forces for surveillance, reconnaissance and intelligence gathering. In latest tastes, the Sniper was proved …

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Lockheed Martin Helps Save US Lives

Lockheed Martin and Allen-Vanguard have delivered the first set of anti-improvised explosive device (IED) systems to US troops operating overseas, according to an article on Homeland Security Newswire. The system, mounted on combat vehicles, is part of the U.S. Joint Counter Radio-Controlled Improvised Explosive Device (RCIED) Electronic Warfare (JCREW 2) program. …

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Lockheed Martin Selected for MicroGrid Project

San Diego Gas and Electric has selected Lockheed Martin to provide support for the Borrego Springs Microgrid demonstration project. The proof of concept microgrid project is one of the first utility-scale systems and will increase grid reliability. As part of the selection, Lockheed Martin will provide systems engineering support for …

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Joint Javelin Venture Receives Contract from UK

The UK Ministry of Defense has awarded the Joint Javelin Venture, a partnership of Raytheon and Lockheed Martin, a contract to provide over 1, 300 Javelin missile rounds and technical support. The contract is worth $176 million and will run from 2010 to 2012. Duane Gooden, program director for Raytheon’s …

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Lockheed Martin to seek more acquisitions in 2010

Lockheed Martin CEO Robert Stevens looks for more acquisitions in cyber security, energy security, logistics support and intelligence surveillance in the upcoming year. At the Reuters Aerospace and Defense Summit Stevens discussed future moves of the company in the new fiscal year. “When we look to the future of cyber …

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News- Unit at Lockheed Martin Achieves CMMI® Maturity Level 5

The Maritime Systems and Sensors unit at Lockheed Martin has achieved CMMI Maturity Level 5.The appraisal was conducted by a third party and ensures that business processes are repeatable, predictable and consistent and are focused on reducing unnecessary costs and consistent improvement. Fred Moosally, president of Maritime Systems and Sensors …

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