Tag Archives: nyse lmt

Lockheed Announces New $1.5B Credit Line

Lockheed Martin (NYSE: LMT) has entered into a new $1.5 billion unsecured revolving credit facility with banks led by JP Morgan Chase Bank N.A. Lockheed can seek additional loans equaling up to $2 billion over the course of the agreement, with no individual loan exceeding $500, 000. The agreement will valid through Aug. 25, 2016 …

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Lockheed Wins $100.5M Air Force Contract for Laser-Guided Bomb Kits

Lockheed Martin (NYSE: LMT) has won a $100.5 million contract from the U.S. Air Force to produce paveway II Plus Laser Guided Bomb GBU-12 guidance kits. The award represents a majority share of an initial $134 million paveway II PLus LGB procurement announced by the Air Force on Aug. 1. Deliveries on …

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Lockheed Added to $475M Army Target Systems IDIQ

Lockheed Martin (NYSE: LMT) was one of six firms added to a $475 million indefinite-delivery/indefinite-quantity contract to support the U.S. Army‘s targetry systems program. Work on the firm-fixed-price multiple-award-task-order contract is estimated to be completed May 31, 2016. The bid was solicited through the Internet, with five bids received. The …

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Lockheed Awards Harris $16M Networking Radio Order for Army WIN-T Program; Sheldon Fox Comments

Lockheed Martin (NYSE: LMT) has awarded a $16 million follow-on contract to Harris Corp. (NYSE: HRS) to supply more than 100 highband networking radio systems for the U.S. Army‘s warfighter information network – tactical‘s increment 2 program. The HNR system uses directive beam technology to enable high throughput over long …

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Lockheed, Air Force to R&D Sensor, Radar Target Seeker for Weapons Systems Integration

Lockheed Martin (NYSE: LMT) has signed a five-year cooperative research and development agreement with the U.S. Air Force Research Laboratory‘s munitions directorate to test if its cooled tri-mode seeker can integrate into Air Force weapon platforms. R&D will assess tri-mode weapon capabilities, emerging targeting concepts and guidance techniques. Lockheed’s cooled tri-mode seeker …

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Lockheed to Provide IT Architecture and Data Services on $26M Army IDIQ Order

Lockheed Martin (NYSE: LMT) information systems and global solutions has won a $26.1 million U.S. Army contract for a variety of new enterprise architecture services. The company will develop and integrate operational architecture, manage data and support data visualization for the U.S. Army Training and Doctrine Command. The award is under the ITES-2 contract vehicle and has one base …

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L-3 to Develop New Display Units for Army Apache Helicopters

L-3 Communications‘ (NYSE: LLL) display systems unit will develop a new 5-x-5-inch color active matrix liquid crystal display assembly for the U.S. Army’s AH-64D Apache helicopter. The assemblies will be direct replacements for current monochromatic display unit. They will enhance the Apache’s target acquisition and night vision sensor display capabilities. …

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Ex-SRA Intl CEO Stan Sloane Joins Decision Sciences Intl as CEO, Will Move HQ to Virginia

Former SRA International CEO Stan Sloane has been named president and CEO of Decision Sciences International, a private company that produces nuclear detection systems for cargo screening. Previous Decision head Robert Whalen now runs the firm’s development business unit. Prior to joining SRA in April 2007, Sloane led Lockheed Martin‘s (NYSE: LMT) …

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Lockheed to Acquire Healthcare IT Provider QTC Holdings; Bob Stevens Comments

Lockheed Martin Corp. (NYSE: LMT) has entered a definitive agreement to acquire healthcare IT firm QTC Holdings Inc. for an undisclosed amount. Calif.-based QTC is the largest outside provider of medical evaluation services to the U.S. government and the U.S. Veterans Affairs Department, processing more than 450, 000 evaluations last year. Lockheed does …

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Lockheed to Increase Share Repurchases by up to $1B; Bob Stevens Comments

Lockheed Martin Corp.’s (NYSE: LMT) board of directors has approved an interim increase of up to $1 billion to the company’s share repurchase program, which was initiated in October 2010. The company said the board will likely consider a new share repurchase program this fall. “We believe this additional share repurchase …

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