Tag Archives: Lockheed

Lockheed Lands $519M Navy FMS Contract to Develop Frigate Fire Control, Radar Processing Systems

lockheed-lands-519m-navy-fms-contract-to-develop-frigate-fire-control-radar-processing-systems

Lockheed Martin (NYSE: LMT) has secured a potential 10-year, $519.1M foreign military sales contract from the U.S. Navy to develop a fire control loop and a solid-state S-band radar processing group for Spanish warships equipped with the Aegis combat system.

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Trump Creates ‘American Economic Revival’ Industry Group

trump-creates-american-economic-revival-industry-group

President Trump has chosen 200 industry leaders as part of the Great American Economic Revival Industry Groups that will work to drive the nation's economy as it seeks to recover from the coronavirus health crisis.

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State Dept Clears South Korea’s $675M F-35 Support Extension Request

state-dept-clears-south-koreas-675m-f-35-support-extension-request

South Korea requested to procure follow-on support for F-35 jets and components through a potential $675M foreign military sales agreement with the U.S. government. Lockheed Martin (NYSE: LMT) and Pratt & Whitney will be the principal contractors for the State Department-approved FMS transaction, the Defense Security Cooperation Agency said Friday.

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James Taiclet to Succeed Marillyn Hewson as Lockheed President, CEO

james-taiclet-to-succeed-marillyn-hewson-as-lockheed-president-ceo

James Taiclet, a board member at Lockheed Martin (NYSE: LMT), has been elected by the board of directors to succeed Marillyn Hewson as president and CEO, effective June 15. Hewson, who has served as president and CEO since 2013 and a 2020 Wash100 award winner, will transition to the role of executive chairman of the board by mid-June, Lockheed said Monday.

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