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Tag Archives: Lockheed Martin

Rick Ambrose: Lockheed Pursues Investments to Advance Manufacturing Process Amid ‘NewSpace’ Challenge

TYSONS CORNER, VA, Nov. 28, 2017 — Rick Ambrose, executive vice president of the space systems segment at Lockheed Martin (NYSE: LMT), has noted the company’s multi-year investments in production techniques as it works to position itself against “NewSpace” startups, ExecutiveBiz reported Wednesday. Ambrose, an inductee into Executive Mosaic’s Wash 100 for …

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Lockheed Reports Nearly $200M in C-130 Maintenance, Training Contracts

Lockheed Martin (NYSE: LMT) has secured six contracts worth up to $198.4 million combined to deliver C-130 Hercules aircraft training systems and maintenance services to multiple Defense Department clients. The company said Monday it will help the U.S. Air Force study common architectures of various simulator elements to establish a common approach across …

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Air Force Issues $403M F-16 Service Life Extension RFP for Small Businesses

The U.S. Air Force has kicked off a small business set-aside solicitation for a potential 10-year, $403 million contract to extend the service life of the military branch’s fleet of F-16 Fighting Falcon fighter aircraft. The indefinite-delivery/indefinite-quantity contract has a five-year ordering period and a five-year option, the Air Force said …

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Lockheed Wins $81M MDA Ballistic Re-Entry Vehicle Production Contract

Lockheed Martin (NYSE: LMT) has won a potential five-year, $80.6 million contract from the Missile Defense Agency to develop modified ballistic re-entry vehicle and separation modules. The Defense Department said Tuesday Lockheed’s space systems business will also manufacture, store and monitor the delivered modules, as well as maintain software and hardware and transport …

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Lockheed Gets $122M Navy Tech Engineering Contract Modification

Lockheed Martin (NYSE: LMT) has landed a potential $122.3 million contract modification to continue to provide engineering services for the U.S. Navy‘s Technical Insertion 18-20 Acoustic Rapid Commercial Off-the-Shelf Insertion program. The Defense Department said Monday Lockheed’s rotary and mission systems unit will conduct work under the modification through December 2018 in …

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PwC: US Aerospace & Defense Firms Spend More in R&D for 2017

TYSONS CORNER, VA, Nov. 20, 2017 — PwC‘s global consulting unit has found a nearly $12 billion increase in the research and development budgets of U.S. aerospace and defense companies in 2017, led by Boeing (NYSE: BA), United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Friday. Defense …

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GSA Taps 61 Firms for Potential $50B Alliant 2 IT GWAC

The General Services Administration has awarded 61 companies positions on a potential 10-year, $50 billion governmentwide acquisition contract for information technology products and services. GSA said in a FedBizOpps notice posted Friday the award is for the unrestricted portion of the Alliant 2 GWAC that has a base term of five …

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State Dept OKs $10.5B IBCS-Enabled Patriot Missile System Sale to Poland

The State Department has given Poland the green light to buy the third configuration of the Patriot missile system equipped with the Integrated Air and Missile Defense Battle Command System and related equipment from the U.S. government under a potential $10.5 billion foreign military sales agreement. Raytheon (NYSE: RTN), Lockheed Martin (NYSE: …

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BAE Systems, AMMROC to Continue Hawk Trainer Aircraft Support for UAE

TYSONS CORNER, VA, Nov. 17, 2017 — BAE Systems has entered into an agreement to continue its partnership with the Advanced Military Maintenance Repair and Overhaul Center in the United Arab Emirates to provide support for that country’s Hawk trainer aircraft fleet, ExecutiveBiz reported Thursday. The teaming arrangement with the UAE-based joint venture …

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Lockheed Gets $93M Navy Contract Modification for MUOS Satellite Support Services

Lockheed Martin (NYSE:LMT) has received a $92.9 million modification from the U.S. Navy to provide engineering and interim logistics services for the Mobile User Objective System. The company will also supply spares and associated material in support of the MUOS military satellite communications system, the Defense Department said Thursday. MUOS is designed to help mobile forces …

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