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Tag Archives: Lockheed Martin

Thomas Bell to Rejoin Rolls-Royce as Defense Business Head

Thomas Bell, senior vice president of global sales and marketing at Boeing‘s (NYSE: BA) defense, space and security business, will rejoin Rolls-Royce this month as president of the aircraft engine manufacturer’s defense arm. Rolls-Royce said Wednesday Bell initially joined the company in mid-2012 as president for its North American customer business and after that held the same …

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Report: Defense Companies Plan Capital Expenditures Amid Rise in DoD Contracts

Some contractors have expressed plans to increase their investments in production capacity and facilities in fiscal year 2018 and in the next few years as the Defense Department starts to ramp up contract obligations, USNI News reported Wednesday. Jason Aiken, chief financial officer at General Dynamics (NYSE: GD), told analysts …

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Lockheed to Build Airborne Launch Control System Prototype Under $81M USAF Contract; Vinny Sica Comments

Lockheed Martin (NYSE: LMT) has received a potential $81 million contract to design and build a prototype designed to replace the U.S. Air Force’s aerial launch control system aboard the E-6B Mercury airborne command post aircraft. The service awarded the technology maturation and risk reduction contract through the Airborne Launch Control …

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Lockheed Martin Secures Air Force Work on GPS Control Segment Updates

TYSONS CORNER, VA, Jan. 30, 2018 — Lockheed Martin (NYSE: LMT) will provide hardware and services to help advance U.S. Air Force programs for updates to the Global Positioning System control segment under a potential $10.8 million contract modification, ExecutiveBiz reported Monday. The Defense Department said Friday the award covers hardware procurement …

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Lockheed, NASA Check InSight Lander’s Solar Arrays Ahead of Mars Mission

TYSONS CORNER, VA, Jan. 29, 2018 — Lockheed Martin (NYSE: LMT) has collaborated with NASA to conduct an assessment on the solar arrays of a robotic spacecraft as part of preparations for its future mission to Mars, ExecutiveBiz reported Friday. The Jet Propulsion Laboratory-led Mars Exploration Program at NASA reported Tuesday that …

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Lockheed Gets $459M MDA Contract Modification to Produce Additional Lot 10 THAAD Interceptors

Lockheed Martin (NYSE: LMT) has secured a potential $459.2 million contract modification from the Missile Defense Agency to manufacture additional Lot 10 Terminal High Altitude Area Defense interceptor systems. The Defense Department said Friday the modification exercises an option under a previously awarded contract and will include the delivery of …

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Lockheed Subsidiary to Build Laser Weapon Test Units Under $943M Navy Contract

A Lockheed Martin (NYSE: LMT) subsidiary has won a potential $942.8 million contract to build and deliver two laser weapon test units to the U.S. Navy under increment 1 of the High Energy Laser with Integrated Optical-dazzler and Surveillance program. The Defense Department said Friday the Naval Sea Systems Command …

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Lockheed to Help Build Australia’s Submarine Combat System Under Potential $565M Contract

Lockheed Martin‘s (NYSE: LMT) Australian business has received a potential $565.7 million contract for design, construction and integration services to Australia’s Future Submarine Combat System program. Christopher Pyne, Australian minister for defense industry, said in a statement published Thursday that contract’s performance period will run through 2020 and work includes …

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IBM Vet Anne Altman Named Siemens Govt Technologies Board Chair; Barbara Humpton Comments

Anne Altman, former general manager of federal and government industries at IBM (NYSE: IBM), has joined Siemens’ U.S. government technologies business as chairman of the board of directors. Altman succeeds Stanley McChrystal, a retired U.S. Army general who became board chairman in 2011, the company said Thursday. “Anne brings a unique depth and …

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Report: Lockheed Asks DoD to Reimburse $212M in Restructuring Costs for Sikorsky Purchase

Lockheed Martin (NYSE: LMT) has asked the Defense Department to reimburse $212 million in restructuring costs associated with its $9 billion purchase of Sikorsky Aircraft in 2015 on the grounds that the Bethesda, Maryland-based defense contractor has been delivering $8 in savings for every dollar spent through the acquisition, Bloomberg …

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