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Lockheed Martin reported $75 billion in 2025 sales, up 6 percent from $71 billion recorded the previous year, and ended the year with a record backlog of $194 billion. In an earnings release published Thursday, the Bethesda, Maryland-based aerospace and defense contractor said cash from operations was $8.6 billion and free cash flow was $6.9...
Former NASA executive Dan Tenney has been selected to succeed Michael Williamson as senior vice president of global business development and strategy at Lockheed Martin. Tenney will officially assume the role on Feb.16, Lockheed Martin said Wednesday. “Michael’s leadership and strategic vision will have a lasting impa...
Lockheed Martin executive Trish Pagan said she is “thrilled to return” to the company’s Marietta site in Georgia as vice president of air mobility and maritime missions and general manager of the site. Pagan, who succeeds Rod McLean, made the statement in an article published in the Marietta Daily Journal on Saturday. McLean ...
The U.S. Air Force has awarded Lockheed Martin a contract with a ceiling value of $328.5 million to support the production of infrared sensing and navigation hardware for Taiwan under the foreign military sales program. What Does the Lockheed IRST Contract Cover? The sole-source contract supports Infrared Search and Track, Sniper, and Low Altitude N...
The U.S. Air Force has awarded Lockheed Martin a contract modification valued at up to $10 billion for the development, integration, engineering and delivery of C-130J Super Hercules aircraft. The modification brings the total cumulative face value of the contract from $15 billion to $25 billion, the Department of War said. The contract includes for...
Lockheed Martin has received a U.S. Navy contract modification worth approximately $3.63 billion to provide F-35 logistics support services for domestic and international military customers. Register now for the Potomac Officers Club’s 2026 Air and Space Summit. The Lockheed-backed event in July will bring together military leaders and industr...
L3Harris Technologies has secured a potential $200 million follow-on contract from Lockheed Martin to supply insensitive munition propulsion units for the Guided Multiple Launch Rocket System, expanding production capacity for one of the Pentagon’s most in-demand tactical weapons. The order will be the first processed through the newly c...
Lockheed Martin has been named principal contractor on Pakistan’s newly approved $686 million foreign military sale request for F-16 hardware, software and sustainment support. According to an arms sales notification from the Defense Security Cooperation Agency published on Congress.gov on Monday, the proposed sale is intended to extend ...
Lockheed Martin has secured a $1.14 billion modification to an existing advanced acquisition contract to procure additional long-lead materials, parts and components for F-35 Lot 20 and Lot 21 production aircraft. The Department of War announced the award Friday. The modification provides additional funding for long-lead items tied to 65 Lot 20 airc...
The U.S. State Department has cleared two potential foreign military sales to Denmark totaling an estimated $3.73 billion for air-to-air missiles and an integrated air and missile defense capability. RTX is the principal contractor for the AIM-120C-8 Advanced Medium Range Air-to-Air Missiles sale, the Defense Security Cooperation Agency said F...
