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Roderick McLean, Bridget Lauderdale to Assume New VP Roles at Lockheed; Michele Evans Quoted

Roderick McLean, vice president and general manager of the integrated fighter group at Lockheed Martin (NYSE: LMT), has been appointed to succeed George Shultz as VP and GM for the company’s air mobility and maritime missions organization. Lockheed said Thursday McLean will manage C-130, C-5, LM-100J and P-3 programs while …

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McAleese and Associates: CFO Kenneth Possenriede on Lockheed’s 2019 Priorities

McAleese and Associates has released a report on Lockheed Martin’s (NYSE: LMT) 2019 priorities as discussed by Chief Financial Officer Kenneth Possenriede at a JP Morgan conference on Thursday. Some of the priorities mentioned include the F-35 fighter aircraft program; missiles and fire control sector; hypersonics; and the restart of …

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Lockheed Announces Plan to Hire 100 Employees for Cyber Security Facility

TYSONS CORNER, VA, March 8, 2019 — Lockheed Martin (NYSE: LMT)  unveiled a new 15,000-square-foot facility at Port San Antonio in Texas that will house cybersecurity technology development operations as the company enhances its capabilities in the field, ExecutiveBiz reported Wednesday. The new office at Port San Antonio’s Project Tech …

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Lockheed Gets $93M Navy Contract Modification for MUOS Military Satcom Support

Lockheed Martin (NYSE: LMT) has received a potential $92.8M contract modification from the U.S. Navy to provide engineering and interim logistics support for a global military satellite communications system. The company will also provide Mobile User Objective System spares and associated materials, the Department of Defense said Tuesday. Work is …

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Lockheed THAAD Missile Defense System Support IDIQ Ceiling Increases to $2.3B

Lockheed Martin (NYSE: LMT) has received an $830.6M contract option from the Missile Defense Agency to continue developing a key element of the Terminal High Altitude Area Defense system. The company will develop additional THAAD increments, support ground and flight testing operations and help the agency sustain the Ballistic Missile …

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Lockheed Gets $109M Delivery Order to Support F-35 Modification, Retrofit Activities

Lockheed Martin (NYSE: LMT) has secured a $108.7M delivery order under a basic ordering agreement from the U.S. Navy to support modification and retrofit work on F-35 air systems delivered to domestic and foreign military sales clients. The company’s aeronautics business will provide non-recurring and recurring engineering, site support and labor …

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Lockheed Gets $846M Modification on Navy Strike Weapon System Dev’t Contract

Lockheed Martin (NYSE: LMT) has received an $846M modification under an un-priced letter contract to design, build and integrate technologies needed for a demonstration of the U.S. Navy’s Intermediate Range Conventional Prompt Strike Weapon System. The company’s space business will provide large diameter rocket motors, missile body flight articles and support …

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Lockheed Unveils New Unit for Integrated Cyber, EW & SIGINT Capabilities

TYSONS CORNER, VA, February 21, 2019 — Lockheed Martin (NYSE: LMT) has created a new business unit that will focus on the delivery of an integrated portfolio of electronic warfare, cyber and signals intelligence capabilities to military customers, ExecutiveBiz reported Tuesday. C4ISRNet reported Tuesday that Deon Viergutz, who serves as the …

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Navy Awards Lockheed Potential $970M IDIQ for Submarine EW Tech Insertion Support

Lockheed Martin (NYSE: LMT) has won a potential $970.1M contract to provide technical and engineering support to electronic warfare technology insertion efforts for the U.S. Navy’s submarines. The company will design, build, test, integrate, insert, refresh and support the AN/BLQ-10  EW system designed for integration into in-service and newly constructed …

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Lockheed Previews Future $50M Facility at Orlando Campus in Push for Expansion

TYSONS CORNER, VA, February 7, 2019 — Lockheed Martin (NYSE: LMT) has unveiled an upcoming $50M facility at its campus in Orlando as the company moves to expand its workforce and meet requirements for a series of defense contracts, ExecutiveBiz reported Wednesday. Orlando Sentinel reported Tuesday that the 250K-square-foot building is …

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