Tag Archives: Lockheed

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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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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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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Lockheed Secures $130M Army Contract Funds for Fiscal 2017 PAC-3 Missile Production

Lockheed Martin (NYSE: LMT) has secured a $130.3 million modification to build additional Patriot Advanced Capability-3 air defense missiles for the U.S. Army and government customers under the foreign military sales program. The Defense Department said Friday Lockheed will provide a total of 35 PAC-3 missile segment enhancement interceptors to the …

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State Dept Clears Potential $4B Patriot Missile Sale to Romania

The State Department has approved Romania’s request to procure Patriot air defense systems, support and equipment under a potential $3.9 billion foreign military sales deal. Romania requested seven Patriot Configuration-3+ modernized fire units comprised of seven AN/MPQ-65 radar sets, seven AN/MSQ-132 engagement control stations, 13 antenna mast groups, 28 M903 launching stations, 56 …

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Sikorsky Lands Potential $5B Army Contract for Black Hawk Helicopter Production

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has secured a potential $5.2 billion contract to build H-60 Black Hawk helicopters for the U.S. Army and foreign military sales customers. The contract has an initial value of $3.8 billion and covers the production of 257 units of the UH-60M utility and HH-60M medical …

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Air Force Taps Lockheed for Potential $409M Thermal, Power, Control R&D Contract

Lockheed Martin (NYSE: LMT) has won a spot on a potential seven-year, $409 million indefinite-delivery/indefinite-quantity contract to support a U.S. Air Force program that seeks to research and develop thermal, power and control technologies for air platforms. The Defense Department said Friday the Next Generation Thermal, Power, and Controls program will involve multiple …

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Lockheed Gets Potential $1.2B Navy Contract for Sonar System Engineering Services

Lockheed Martin (NYSE: LMT) has won a potential $1.17 billion contract from the U.S. Navy to engineer sonar technology under the Technical Insertion 18-20 Acoustic Rapid Commercial-Off-The-Shelf Insertion program. The Defense Department said Thursday the contract with an initial value of $130.8 million covers engineering development support for A-RCI modernization requirements and …

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David Dacquino Promoted to CEO at Serco’s Americas Arm

David Dacquino, senior vice president of defense business at Serco Group‘s Americas division, has been promoted to chief executive in a move that takes effect in mid-2017. The more than three-decade industry veteran will succeed Dan Allen, who announced in February his plans to retire after nearly four years as chairman and CEO of Serco Inc., the …

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Lockheed to Help Air Force Develop Radar Threat System Under Potential $105M Award

Lockheed Martin (NYSE: LMT) has won a potential 10-year, $104.6 million contract to develop and test a production representative article of Advanced Radar Threat System Variant 2 for the U.S. Air Force. The Defense Department said Monday the single-award contract includes an option for the company to produce up to 20 ARTS-V2 units. Lockheed’s missiles …

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