Lockheed Martin

Business News: U.S. Navy, Air Force Award Lockheed Martin Second Production Lot For Long Range Anti-Ship Missiles

$172 million contract continues production of tactical missiles ORLANDO, FL – Jan. 15, 2019 – Lockheed Martin (NYSE: LMT) received a $172 million contract from the U.S. Navy and Air Force for Long Range Anti-Ship Missile (LRASM) production. The contract continues the production for the air-launched variant of LRASM, including a full production run of … Continue reading Business News: U.S. Navy, Air Force Award Lockheed Martin Second Production Lot For Long Range Anti-Ship Missiles

Business News: U.S. Navy Commissions Littoral Combat Ship 13 (Wichita)

LCS 13 commissioned at home port in Naval Station Mayport in Florida NAVAL STATION MAYPORT, FL – Jan. 12, 2019 – The U.S. Navy commissioned USS Wichita (LCS 13) – the nation’s seventh Freedom-variant Littoral Combat Ship (LCS) – at Naval Station Mayport today before a crowd including active-duty and veteran sailors.  This milestone places … Continue reading Business News: U.S. Navy Commissions Littoral Combat Ship 13 (Wichita)

Business News: First Lockheed Martin-Built Next Generation GPS III Satellite Responding To Commands

Launch of the first GPS III satellite begins the modernization of the GPS constellation DENVER, CO – At approximately 12,550 miles (20,200 km) up… turn left. You have arrived at a new era for the Global Positioning System (GPS). A major milestone in the U.S. Air Force’s plan to bring new technology and capabilities to … Continue reading Business News: First Lockheed Martin-Built Next Generation GPS III Satellite Responding To Commands

Business News: Lockheed Martin Receives $1.8 Billion Contract For PAC-3 Missiles

DALLAS, TX – The United States and allied military forces will upgrade their missile defense capabilities under a $1.8 billion contract for production and delivery of Lockheed Martin (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors. The contract includes deliveries for the U.S. Army and Foreign Military Sales of … Continue reading Business News: Lockheed Martin Receives $1.8 Billion Contract For PAC-3 Missiles

DENVER | Next-generation of GPS satellites are headed to space

DENVER — After months of delays, the U.S. Air Force is about to launch the first of a new generation of GPS satellites, designed to be more accurate, secure and versatile. But some of their most highly touted features will not be fully available until 2022 or later because of problems in a companion program … Continue reading DENVER | Next-generation of GPS satellites are headed to space

Business News: Littoral Combat Ship 19 (St. Louis) Christened And Launched

Once commissioned, ship will operate independently on targeted missions around the world MARINETTE, WI – The Lockheed Martin (NYSE: LMT)-led shipbuilding team launched Littoral Combat Ship (LCS) 19, the future USS St. Louis into the Menominee River at the Fincantieri Marinette Marine Shipyard.  Ship sponsor Barbara Broadhurst Taylor, the daughter of a decorated World War … Continue reading Business News: Littoral Combat Ship 19 (St. Louis) Christened And Launched

Business News: Aegis Combat System Demonstrates Success During On-Land Test Against Intermediate Range Ballistic Missile

Upgraded Aegis Baseline 9.B2.0 (BMD 5.1) includes an Integrated Air and Missile Defense (IAMD) capability to protect NATO Europe KAUAI, Hawaii – PACIFIC MISSILE RANGE FACILITY — The latest evolution of the Aegis Combat System, Baseline 9.B2.0 (BMD 5.1), further advanced engage on remote technologies following a successful U.S. Navy- and Missile Defense Agency-led on-land … Continue reading Business News: Aegis Combat System Demonstrates Success During On-Land Test Against Intermediate Range Ballistic Missile

Business News: Lockheed Martin Names Kenneth R. Possenriede Executive Vice President, Chief Financial Officer

BETHESDA, MD – Lockheed Martin‘s board of directors has approved the appointment of Kenneth R. Possenriede, 58, as executive vice president and chief financial officer, succeeding Bruce L. Tanner, who intends to retire in mid-2019.  Possenriede’s appointment is effective Feb. 11, 2019. “I’d like to thank Bruce for his significant contributions to our corporation’s success … Continue reading Business News: Lockheed Martin Names Kenneth R. Possenriede Executive Vice President, Chief Financial Officer