Lockheed Martin (NYSE: LMT) announced on Friday new company guidance regulations due to the rapid spread of COVID-19 and its major societal impacts.

Executive Mosaic is honored to present Marillyn Hewson, chairman, president and chief executive officer of Lockheed Martin, as an inductee into the 2020 Wash100 Award for driving federal contract awards within the company’s defense sector, which exponentially grew its revenue. 

The U.S. Navy has awarded Lockheed Martin’s (NYSE: LMT) space systems business a potential 10-year, $112.7M contract to help maintain a satellite system built to support military communications across the world.

Executive Mosaic is honored to present Rick Ambrose, executive vice president of the space business at Lockheed Martin, as an inductee into the 2020 Wash100 Award for driving the company’s satellite capabilities as well as the nation’s upcoming lunar and space exploration missions. This marks the fifth overall Wash100 Award for Ambrose.

Lockheed Martin (NYSE: LMT) has secured a six-year, $932.8M contract modification from the Missile Defense Agency to manufacture ballistic missile interceptors for the U.S. government and Saudi Arabia to fullfill a foreign military sales case requirement.

Lockheed Martin (NYSE: LMT) emerged as the final contender for the U.S. Army’s Precision Strike Missile prototyping competition, Jane’s 360 reported Tuesday. The PrSM program seeks to develop a precision-strike, surface-to-surface guided missile to replace the Army Tactical Missile System and that can be fired from the M142 High Mobility Artillery Rocket System and M270A1 Multiple Launch Rocket System to neutralize targets at ranges of up to 499 kilometers.

Stephanie Turner, a 25-year human resources professional and former director of corporate diversity and inclusion at Lockheed Martin (NYSE: LMT), has been named vice president of inclusion, diversity and social innovation at Mitre.

Lockheed Martin (NYSE: LMT) has received a potential $789.6M contract from the U.S. Navy to provide sustainment and maintenance support for the combat management system of the service’s littoral combat ships. The sole-source contract for the Littoral Combat Ship Component Based Total Ship System – 21st Century program has a base amount worth $98.6M, the Department of Defense said Friday.

Lockheed Martin (NYSE: LMT) has secured a $601.3M contract modification from the U.S. Navy to produce additional submarine-launched ballistic missile systems for the service branch and the U.K. The company will manufacture Trident II D5 missiles and support deployed systems through the sole-source contract, the Department of Defense said Thursday.

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.