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Tag Archives: Lockheed

Leidos Defense Group Head Michael Leiter Leaves Company

Leidos‘ (NYSE: LDOS) defense group president Michael Leiter left the company on Friday approximately one year after the merger with the former Lockheed Martin (NYSE: LMT) information systems and global solutions segment was first announced. Leidos disclosed Leiter’s departure in a regulatory filing after markets closed Friday. “We thank Michael for …

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USAF Awards Lockheed Potential $7B F-22 Sustainment IDIQ

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $7 billion indefinite-delivery/indefinite-quantity contract to help sustain the U.S. Air Force‘s fleet of F-22 air vehicles. The Defense Department said Thursday Lockheed’s aeronautics business unit will perform work at various locations within and outside the continental U.S. that include Air Force and …

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Lockheed Awarded $154M US, UK Trident II System Shipboard Integration Contract

Lockheed Martin (NYSE:LMT) has received a three-year, $154.4 million U.S, Navy  contract to to support Increment 8 of the Trident II Strategic Weapon System Shipboard Integration effort for two classes of future U.S. and U.K. ballistic missile submarines. The Defense Department said Wednesday Lockheed’s rotary and mission systems business will design, test and install navigation …

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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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Report: UAE, Lockheed Seal $1.6B F-16 Upgrade Deal

Lockheed Martin (NYSE: LMT) has secured a potential $1.6 billion order to perform upgrades to the United Arab Emirates’ F-16 fighter aircraft, The National reported Sunday. The report said UAE’s armed forces entered numerous defense deals with U.S. companies, which include an agreement for Lockheed to modernize 80 F-16s. Lockheed CEO …

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James Collier Named NCI EVP, Treasurer & CFO

James Collier, former senior vice president of corporate planning and analysis at Leidos (NYSE: LDOS), has joined government technology services contractor NCI as executive vice president, chief financial officer and treasurer. NCI said Wednesday the nearly three-decade industry veteran will lead the company’s financial operations in his new position. His professional background spans …

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Lockheed Secures $70M F-22 Sustainment Contract Modification

Lockheed Martin (NYSE: LMT) has secured a potential $70 million contract modification from the U.S. Air Force to accelerate, stabilize and restore the supply rate of F-22 sustainment efforts. The Defense Department said Friday the Air Force Life Cycle Management Center will obligate $35 million in fiscal 2017 operations and maintenance …

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Former Govplace CFO Mark Serway Named HDS Federal Finance Chief, Operations VP

Mark Serway, former chief financial officer of government technology provider Govplace, has joined Hitachi Data Systems‘ federal business as CFO and vice president of operations. He will report to HDS Federal President and CEO David Turner and oversee the unit’s controllership, treasury, tax, information technology and customer support functions, Hitachi Data Systems said …

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Sikorsky Gets $304M Contract Funds to Produce Initial Navy CH-53K Helicopters

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has received a potential $304 million contract modification from the U.S. Navy for the low-rate initial production of lot 1 CH-53K heavy-lift helicopters. The Defense Department said Thursday that Sikorsky will build two CH-53K units as well as provide aircraft, programmatic and logistics support, peculiar support equipment and …

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Report: Israel to Purchase 17 More F-35s Under Potential $2B Deal

Israel has signed an agreement with the U.S. government and Lockheed Martin (NYSE: LMT) to buy an additional 17 F-35 fighter jets worth approximately $1.7 billion, The Times of Israel reported Sunday. Israel’s defense ministry said Lockheed is slated to deliver the new batch of 17 F-35s by December 2024 after the …

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