Lockheed Martin

Business News: Returning Astronauts To The Moon: Lockheed Martin Finalizes Full-Scale Cislunar Habitat Prototype

NextSTEP Habitat Prototype to Support NASA’s Gateway Architecture CAPE CANAVERAL, FL (STL.News) – For long-duration, deep space missions, astronauts will need a highly efficient and reconfigurable space, and Lockheed Martin (NYSE: LMT) is researching and designing ways to support those missions.  Under a public-private partnership as a part of NASA’s Next Space Technologies for Exploration … Continue reading Business News: Returning Astronauts To The Moon: Lockheed Martin Finalizes Full-Scale Cislunar Habitat Prototype

WASHINGTON News: United States Files Suit Against Lockheed Martin, Mission Support Alliance, and Lockheed Executive Frank Armijo for Fraudulent Overcharging and Kickbacks

WASHINGTON – The United States has filed suit against Mission Support Alliance LLC (MSA), Lockheed Martin Corporation (LMC), Lockheed Martin Services Inc. (LMSI), and Jorge Francisco “Frank” Armijo for alleged false claims and kickbacks in connection with a multi-billion dollar contract with the Department of Energy (DOE) to support the environmental cleanup at the Hanford … Continue reading WASHINGTON News: United States Files Suit Against Lockheed Martin, Mission Support Alliance, and Lockheed Executive Frank Armijo for Fraudulent Overcharging and Kickbacks

Business News: Lockheed Martin To Develop Cyber/Electronic Warfare Podded System For U.S. Army

Lockheed Martin’s Silent CROW™ architecture will address battlefield commanders’ needs for cyber, intelligence, electronic warfare, information operations and reliable communications today and in the future Annapolis Junction, MD – Jan. 29, 2019 – Lockheed Martin [NYSE:LMT] has been awarded a Prototype Project Agreement through an Other Transaction Agreement (OTA) with Consortium Management Group (CMG) on … Continue reading Business News: Lockheed Martin To Develop Cyber/Electronic Warfare Podded System For U.S. Army

Business News: Lockheed Martin, Fincantieri Marinette Marine Awarded Contract To Build Littoral Combat Ship 31

Construction will begin in second half of 2019 WASHINGTON, DC – Jan. 21, 2019 – The U.S. Navy awarded the Lockheed Martin (NYSE: LMT) and Fincantieri Marinette Marine (FMM) team a fixed-price-incentive-fee contract to build an additional Littoral Combat Ship (LCS). LCS 31 will be built in Marinette, Wisconsin, at FMM, the Midwest’s only naval … Continue reading Business News: Lockheed Martin, Fincantieri Marinette Marine Awarded Contract To Build Littoral Combat Ship 31

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

Business News: Australia’s First F-35s Arrive Home To RAAF Williamtown Heralding New Era For The Australian Defence Force

Lockheed Martin Australia welcomes F-35 to its new home RAAF BASE WILLIAMTOWN and NEWCASTLE – Australia’s first two locally-based F-35 fighter aircraft arrived on home soil today at Royal Australian Air Force (RAAF) Williamtown, signalling the dawn of a new era for the nation’s defence capabilities. Lockheed Martin (NYSE: LMT) designed and built Australia’s fleet … Continue reading Business News: Australia’s First F-35s Arrive Home To RAAF Williamtown Heralding New Era For The Australian Defence Force

Business News: Lockheed Martin And Airbus Sign Memorandum Of Agreement On Aerial Refueling

MADRID – Lockheed Martin (NYSE: LMT) and Airbus have signed an agreement to jointly explore opportunities to meet the growing demand for aerial refueling for U.S. defense customers. The companies will seek to provide aerial-refueling services to address any identified capacity shortfall and to meet requirements for the next generation of tankers capable of operating … Continue reading Business News: Lockheed Martin And Airbus Sign Memorandum Of Agreement On Aerial Refueling

Business News: Lockheed Martin Secures U.S. Army Exoskeleton Development Agreement

ORLANDO, FL – Lockheed Martin (NYSE: LMT) received a $6.9 million award from the U.S. Army Natick Soldier Research, Development and Engineering Center (NSRDEC) to enhance the ONYX™ exoskeleton for future soldier demonstrations.  ONYX is a powered, lower-body exoskeleton with artificial intelligence (AI) technology that augments human strength and endurance. Under the two-year, sole-source agreement, … Continue reading Business News: Lockheed Martin Secures U.S. Army Exoskeleton Development Agreement

Business News: Lockheed Martin Gives $1.5 Million To Develop New Cyber Innovation Lab At University Of Central Florida

ORLANDO, FL – Lockheed Martin (NYSE: LMT) today announced a $1.5 million contribution to the University of Central Florida (UCF) for the development of a new cyber innovation lab that will foster the next generation of cyber talent. The Lockheed Martin Cyber Innovation Lab ensures UCF remains on the forefront of educating and empowering our … Continue reading Business News: Lockheed Martin Gives $1.5 Million To Develop New Cyber Innovation Lab At University Of Central Florida

Business News: Lockheed Martin Awarded $108 Million For IRST21 Sensor System

ORLANDO, FL – Lockheed Martin (NYSE: LMT) received a contract for phase II of the F/A-18E/F Super Hornet Block II Infrared Search and Track (IRST) program for the U.S. Navy, awarded by aircraft prime contractor Boeing. Under this contract, Lockheed Martin will complete development, platform integration, flight test, and qualification of the IRST21® Block II … Continue reading Business News: Lockheed Martin Awarded $108 Million For IRST21 Sensor System

Business News: Lockheed Martin And NASA JPL Successfully Land On Mars

Lockheed Martin-built InSight Lander successfully lands on the surface of the Red Plant to study the deep interior of Mars DENVER, CO – NASA has a new spacecraft operating on the surface of Mars.  This afternoon, the InSight Mars Lander, which was designed, built and tested by Lockheed Martin (NYSE: LMT), navigated the dramatic entry … Continue reading Business News: Lockheed Martin And NASA JPL Successfully Land On Mars

Business News: U.S. Navy Commissions Littoral Combat Ship 11, Sioux City

First combat ship commissioned at United States Naval Academy is 13th commissioned LCS in Navy fleet ANNAPOLIS, MD – The U.S. Navy commissioned USS Sioux City (LCS 11) – the nation’s sixth Freedom-variant Littoral Combat Ship (LCS) – at the United States Naval Academy today.  This milestone places the ship, built by Lockheed Martin (NYSE: … Continue reading Business News: U.S. Navy Commissions Littoral Combat Ship 11, Sioux City

WASHINGTON  | AP FACT CHECK: Trump overlooks Europe’s role in NASA capsule

WASHINGTON  — One of the star products of President Donald Trump’s Made in America showcase this year, NASA’s Orion crew capsule, will ride through space thanks to Europe. With its four solar-array wings, the European Service Module supplies propulsion, power and the essentials of life for the capsule’s space travels and marks a departure for … Continue reading WASHINGTON  | AP FACT CHECK: Trump overlooks Europe’s role in NASA capsule

U.S. Navy Commissions Fifth Freedom-variant Littoral Combat Ship $codeDebug.log(“output array of get country targets countryT

USS Little Rock enters active service after ceremony on Buffalo River BUFFALO, NY/December 16, 2017 (STL.News) – The U.S. Navy commissioned USS Little Rock (LCS 9) –– the nation’s fifth Freedom-variant Littoral Combat Ship (LCS) –– on the Buffalo River on Dec. 16. This milestone officially places the ship, which was designed and built by … Continue reading U.S. Navy Commissions Fifth Freedom-variant Littoral Combat Ship $codeDebug.log(“output array of get country targets countryT

Lockheed falls as Trump tweets that F-35 program is costly

NEW YORK (AP)(STL.News) — Shares of Lockheed Martin fell Monday, wiping out nearly $2 billion of the company’s market value, as President-elect Donald Trump tweeted that making F-35 fighter planes is too costly and that he will cut “billions” in costs for military purchases. Trump didn’t mention any specific company in his tweet, but Bethesda, … Continue reading Lockheed falls as Trump tweets that F-35 program is costly