Home / Search Results for: Lockheed

Search Results for: Lockheed

Report: Lockheed Aims to Save $5B on F-35 Program Amid Lot 11 Contract Negotiations

Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday. Julie Johnsson and Anthony Capaccio write Lockheed CEO Marillyn Hewson, also an inductee into …

Read More »

Lockheed Gets $99M Modification on Navy EW System Upgrade Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a $98.5 million contract modification to update the U.S. Navy‘s AN/SLQ-32 electronic warfare system. The Defense Department said Friday the modification covers full-rate production of the Surface Electronic Warfare Improvement Program‘s Block 2 subsystems. Block 2 is designed to provide updated …

Read More »

Reuters: Germany Eyes $966M Lockheed C-130J Aircraft Procurement

Germany looks to procure six C-130J Super Hercules airlifters worth approximately $966 million from Lockheed Martin (NYSE: LMT) as part of a joint operating agreement with France, Reuters reported Friday. Andrea Shalal writes Germany aims to send a formal request to the U.S. government in 2019 to buy C-130Js in support of European defense cooperation efforts. The report said France …

Read More »

Lockheed Secures Potential $347M Contract to Continue Support for DoD Cybercrime Center

Lockheed Martin (NYSE: LMT) has received a potential five-year, $347 million contract from the General Services Administration to provide a range of technical, functional and managerial support services at the Defense Department‘s cybercrime center. The contract covers Defense Cyber Crime Center services such as leadership and staffing for the DoD Collaborative Information Sharing Environment, Defense Computer …

Read More »

Lockheed to Continue Aegis Implementation Studies Under $80M Navy Contract Modification

Lockheed Martin (NYSE: LMT) has received a potential $80.5 million contract modification from the U.S. Navy to continue to conduct additional implementation studies for the Aegis ballistic missile defense system. The Defense Department said Wednesday the studies will be used to support future shipbuilding programs of foreign military sales clients that …

Read More »

MDA Awards Lockheed $103M in Missile Tech Risk Reduction Contracts

Lockheed Martin (NYSE: LMT) has won two contracts worth a combined $103.4 million to support the Missile Defense Agency‘s efforts to reduce risk for missile technologies. The Defense Department said Thursday Lockheed’s space systems business will help MDA optimize performance and address risk for a gimbaled seeker assembly, integrated avionics assembly, …

Read More »

US Begins Rollout of Lockheed-Built Missile Defense System in South Korea

TYSONS CORNER, VA, March 8, 2017 — The U.S. and South Korea have begun the deployment of the Lockheed Martin-manufactured (NYSE: LMT) Terminal High-Altitude Area Defense system in the Korean Peninsula to address potential missile threats from North Korea, Executive Gov reported Tuesday. Reuters reported Tuesday the THAAD system will work to intercept …

Read More »

Lockheed Unit Lands $1B Air Force KC-10 Engine Overhaul, Logistics IDIQ

Lockheed Martin‘s (NYSE: LMT) commercial engine solutions business, formerly Kelly Aviation Center, has secured a potential nine-year, $1 billion contract to provide engine overhaul and logistics support services for the U.S. Air Force’s KC-10 tanker aircraft. The service branch received two proposals for the indefinite-delivery/indefinite-quantity contract that also covers engine teardown, on-wing support, labor, engine parts …

Read More »

Lockheed Martin Eyes Belgium, Spain & Switzerland as Potential F-35 Buyers

TYSONS CORNER, VA, March 7, 2017 — Lockheed Martin (NYSE: LMT) is in talks with Belgium, Spain and Switzerland for the countries’ potential purchase of F-35 fighter aircraft, ExecutiveBiz reported Monday. Defense World reported Friday Jeff Babione, executive vice president and general manager of Lockheed’s F-35 program, told reporters at the Avalon …

Read More »

Australia’s Jindalee Radar Update Program Lands Bids From BAE, Lockheed

TYSONS CORNER, VA, March 7, 2017 — The latest phase of the Australian air force’s potential multimillion-dollar program for the modernization of its over-the-horizon radar system has received bids from BAE Systems and Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Monday. Aviation Week reported Thursday phase 6 of the Jindalee Operational Radar Network update effort …

Read More »