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Tag Archives: Lockheed Martin

Lockheed Martin Building Full-Scale Deep Space Habitat Prototype for NASA

TYSONS CORNER, VA, July 24, 2017 — Lockheed Martin (NYSE: LMT) is working to build a prototype cislunar habitat that would house astronauts during extended missions as part of NASA‘s Next Space Technologies for Exploration Partnerships effort, ExecutiveBiz reported Friday. The company said Thursday its full-scale NextSTEP-2 prototype is a refurbished Donatello Multi-Purpose …

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Lockheed Secures $75M Option on Air Force C-130J Sustainment Contract

Lockheed Martin (NYSE:LMT) has received a $74.7 million contract modification to support long-term sustainment work on the U.S. Air Force‘s fleet of C-130J military transport aircraft. The modification exercises the first option under a previously awarded indefinite-delivery/indefinite-quantity contract and covers inventory control point management, sustaining engineering, repair of reparables, technical data, …

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Lockheed to Help Navy Deploy Aegis Combat Systems Under $93M Contract Modification

Lockheed Martin (NYSE: LMT) has received a one-year, $93.5 million contract modification to complete the development and fielding of the Aegis Weapon System and integrated Aegis Combat System on three of the U.S. Navy‘s Arleigh Burke-class destroyers. The Defense Department said Friday the contract covers follow-on support services for USS Thomas Hudner, USS Paul …

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Lockheed Secures $192M in Navy Aegis Combat System Modernization Funds

Lockheed Martin (NYSE: LMT) has received a potential $192.3 million contract modification from the U.S. Navy for production support to the Aegis combat system modernization effort in fiscal 2017. The Defense Department said Thursday Lockheed’s rotary and mission systems business will perform work in Moorestown, New Jersey; Clearwater, Florida; and Owego, New York …

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Lockheed Invests in AI Tech for ‘Intelligent’ Maintenance Support to Canada’s C-130Js

TYSONS CORNER, VA, July 20, 2017 — Lockheed Martin (NYSE: LMT) has placed a $1.1 million investment to help advance the development of an artificial intelligence tool that Canada-based contextere intends to support aerospace and defense maintenance personnel, ExecutiveBiz reported Wednesday. The intelligent personal agent will work to assist in field service, industrial inspection and maintenance, …

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Christopher Kubasik to Succeed Michael Strianese as L3 CEO in 2018

Christopher Kubasik, president and chief operating officer of L3 Technologies (NYSE: LLL), has been elected to serve as president, CEO and a board member of the company in a move that takes effect Jan. 1. He will succeed the retiring Michael Strianese, who will continue to serve as executive chairman …

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GE Lands Spot on $409M AF Thermal, Power, Controls R&D Contract

General Electric (NYSE: GE) has won a position on a potential $409 million U.S. Air Force contract to research and develop thermal, power and controls systems for aircraft engines and airframes. The Defense Department said Wednesday the Next Generation Thermal, Power, and Controls program is a multi-agency and industry effort that seeks …

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July 19th Market Close: GovConIndex, S&P500, and NASDAQ Composite All Set New Highs

The Executive Mosaic GovCon Index (GCI) reversed it’s previous two slide to break through 98.00 to close at a new high of 98.178. Advancers outpaced decliners 5 to 1. All the major indices closed positive on the day with the S&P500 and NASDAQ Composite setting new record highs. Stocks were boosted by …

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Lockheed- & Northrop-Led Teams in Shortlist for Australia’s Simulation Requirement

TYSONS CORNER, VA, July 19, 2017 — The Australian government has shortlisted industry teams led by Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) for the JP 9711 Core Simulation Capability program, ExecutiveBiz reported Tuesday. Shephard Media reported Monday that the teams will seek to secure work to update Australia’s networked simulation …

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CAE Books $139M Defense Contracts for Aircraft Training Products & Services; Gene Colabatistto Comments

CAE has secured more than $138.5 million in contracts during the first quarter of its 2018 fiscal year to provide aircraft simulation products, training services and in-service support to U.S. and international defense customers. Montreal-based CAE said Tuesday it received contracts from Lockheed Martin (NYSE: LMT), L3 Technologies‘ (NYSE: LLL) MAS subsidiary and Airbus Group‘s …

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