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Tag Archives: Lockheed Martin

Lockheed’s Don Morrison Offers Contract Advice for the Rough Economy

Lockheed Martin’s (NYSE: LMT) Don Morrison sat down with ExecutiveBiz to discuss the tough economic climate, and what contracting executives can do to successfully navigate the terrain: “We’re all experiencing the same things. What’s most difficult in this economic downturn is that Wall Street’s expectations are still growing. They want …

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Lockheed, Harris Sign Deals with Navy

According to the Department of Defense: “Lockheed Martin (NYSE: LMT) is being awarded a ceiling $70, 000, 000 indefinite-delivery/indefinite-quantity contract for the continued maintenance and sustainment of the AN/TPS-59(V)3 three-dimensional long-range radar system.  This acquisition is for the continued post-production life cycle support of the AN/TPS-59 radar system and includes …

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Lockheed Developing Lighter ‘Kinetic Energy’ Armor

Lockheed Martin (NYSE: LMT) won a $1.5 million contract from the U.S. Army Applied Aviation Technology Directorate that continues development of the Kinetic Energy Net (KEN) armor design. According to Lockheed, KEN is a modular composite armor system developed by Lockheed Martin that is lighter than current aircraft armor, but …

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Lockheed, Harris Lock Down DoD Deals

According to the Department of Defense: “Lockheed Martin (NYSE: LMT) is being awarded a cost-plus-incentive-fee/cost-plus-award-fee modification with a total value of $151, 862, 595 under contract HQ0276-10-C-0001.  The modification will exercise options to provide system engineering, program management, and other efforts to complete the development and test of the Aegis …

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Lockheed Offers Switch for Outstanding Debt Securities For New Notes And Cash

Lockheed Martin Corporation (NYSE: LMT) will offer to exchange any and all of its outstanding debt securities listed in the table below (the “old notes”) for a new series of 5.72% notes due 2040 (the “new notes”) and, in the case of the 7.20% Debentures due 2036, an additional cash …

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Northrop, Lockheed Claim DoD Deals

According to the Department of Defense: “Northrop Grumman (NYSE:NOC) was awarded on April 16 an $18, 254, 115 firm-fixed-price contract for Type 1 encryption provided by the programmable inline encryption device.  The contract will have a period of performance of five years and a ceiling of $300, 000, 000.  Work …

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Lockheed Releases 1stQ Financial Totals

Lockheed Martin Corporation (NYSE: LMT) reported first quarter 2010 net sales of $10.6 billion, a 3% increase over the $10.4 billion in 2009. Net earnings for the first quarter of 2010 were $547 million, or $1.45 per diluted share, compared to $666 million, or $1.68 per diluted share, in 2009. …

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NGC Wins Navy Deal, Lockheed Banks Three

According to the Department of Defense: “Northrop Grumman (NYSE: NOC) is being awarded a $16, 769, 544 modification to previously awarded contract (N00024-09-C-2116) for procurement of additional long lead time materials in support of the construction preparation efforts for the second aircraft carrier of the Gerald R Ford class (CVN …

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Lockheed Wins Navy Deal, Northrop Grumman Claims Two

According to the Department of Defense: “Lockheed Martin (NYSE: LMT) is being awarded a $12, 931, 371 not-to-exceed modification to a previously awarded indefinite-delivery/indefinite-quantity multiple award contract (N00019-05-D-0013) to complete Zone 5 critical airframe structures replacements for four P-3C aircraft in support of the P-3C sustainment, modification, and installation program.  …

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Lockheed Claims Deal from Army, Boeing Turns Two

According to the Department of Defense: “Lockheed Martin (NYSE: LMT) was awarded on April 14 a $142, 100, 000 firm-fixed-price contract.  This contract is for procuring 17 fully integrated persistent threat detection systems, support equipment, and initial spares, to provide a responsive, dedicated day/night netted sensor capability that enables U.S. …

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