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Tag Archives: Lockheed Martin

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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Vince Stammetti Named Alion Systems Solutions SVP

Vince Stammetti, formerly a vice president of Alion Science and Technology, has been named senior VP of the company’s systems solutions business unit. The 37-year industry and military veteran has served as capture and technical lead for combat and C4ISR systems on Alion’s surface combat ship offering to Canada over the …

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State Dept Clears $6.53B Lockheed-Built F-35A Aircraft Sale to Belgium

The State Department has approved Belgium’s request to buy 34 Lockheed Martin-built (NYSE: LMT) F-35A conventional take-off and landing fighter aircraft from the U.S. government under a potential $6.53 billion foreign military sales agreement. Lockheed and United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary will serve as prime contractors in …

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State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to …

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Jas Powell Joins Belcan’s Govt Segment as Enterprise IT CTO

Jas. Powell, a nearly two-decade information technology veteran, has joined Belcan as chief technology officer for enterprise IT at the company’s government services business segment. He will oversee Belcan Government Services‘ expansion efforts in the critical infrastructure, security and innovation areas, the company said Tuesday. “Throughout my career I’ve been passionate about creating …

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More Lockheed-Built F-35, Boeing-Built P-8 in Procurement Pipeline for Norway

TYSONS CORNER, VA, Jan. 16, 2018 — Lockheed Martin (NYSE: LMT) could supply F-35 fighter jets and Boeing (NYSE: BA) could deploy P-8 maritime surveillance planes to Norway as the country considers additional procurement of the two aircraft, ExecutiveBiz reported Thursday. Fox Business reported Wednesday Norwegian Prime Minister Erna Solberg has expressed interest …

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Lockheed Martin Picks Gibbs & Cox for Surface Combatant Functional Design Support

TYSONS CORNER, VA, Jan. 16, 2018 — Lockheed Martin (NYSE: LMT) has named Gibbs & Cox as a partner on a project to provide functional design support for Saudi Arabia’s future multi-mission surface combatant vessels, ExecutiveBiz reported Thursday. Gibbs & Cox said Wednesday the contract from Lockheed serves to expand an existing …

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