Lockheed Martin awarded $551 million Navy contract for submarine electronic warfare systems
SYRACUSE, N.Y. — Lockheed Martin Rotary and Mission Systems has been awarded a $551 million contract to provide engineering, technical support, and production of AN/BLQ-10 electronic warfare systems for U.S. Navy submarines,…
Lockheed still working with US government on F-35 jet
(Reuters) – U.S. defense contractor Lockheed Martin said on Wednesday it was continuing to work with the government on capability and performance upgrades for its F-35 jets. Lockheed, which expects the jet…
Lockheed Martin collaborates with GlobalFoundries to secure defense chip supply
(Reuters) – Chipmaker GlobalFoundries and missile manufacturer Lockheed Martin on Monday announced their partnership to secure domestic semiconductor supply for defense systems. The strategic collaboration will secure manufacturing across a range of…
Lockheed realigns space business to boost efficiency
(Reuters) – Lockheed Martin is realigning its space business operations, transitioning from five lines of business to three to enhance speed and effectiveness, the defense contractor said on Thursday. The rejig comes…
Pentagon awards $7.8 billion F-35 contract to Lockheed Martin
(Reuters) – The U.S. Department of Defense said on Friday it has awarded a $7.8 billion contract modification for 126 F-35 multi-role aircraft to weapons manufacturer Lockheed Martin Corp. The modification exercises…
Raytheon, Lockheed executives banned from China
BEIJING (Reuters) – China has banned senior executives of Raytheon Missiles & Defense and Lockheed Martin Corp from entering, working, staying and residing in the country since Feb. 16, the Ministry of…
UK says Lockheed Martin, BAE Systems win nearly $200 million contract, to create 140 jobs
(Reuters) – Lockheed Martin Corp and BAE Systems Plc won a F-35 jet maintenance support contract worth 161 million pounds ($200 million), creating 140 jobs in Britain, the country’s Ministry of Defence…
Lockheed Martin gets U.S. Navy contract worth up to $2 billion
(Reuters) – The U.S. Navy has awarded Lockheed Martin Corp a contract worth up to $2 billion related to hypersonic weapon systems, the defense firm said on Friday, amid a global uptick…
Pentagon awards $7.8 billion F-35 contract modification to Lockheed Martin
WASHINGTON (Reuters) -The U.S. Defense Department said on Friday it had awarded a $7.8 billion contract modification for F-35 aircraft to Lockheed Martin Corp. “This modification adds scope to procure 127 F-35…
Lockheed Martin, Israel’s Rafael to develop laser weapon system
JERUSALEM (Reuters) – U.S. weapons maker Lockheed Martin and Israeli contractor Rafael have teamed up to create a high-energy laser weapon system, based on a technology already under development in Israel that…
Lockheed lowers 2022 revenue outlook on charges, F-35 headwinds
By Mike Stone WASHINGTON – U.S. weapons maker Lockheed Martin Corp lowered its 2022 revenue and earnings per share targets on Tuesday after F-35 fighter jet sales fell amid pandemic-related headwinds and…
Lockheed delivers first model of new rocket launcher to U.S. Army
(Reuters) – Defense contractor Lockheed Martin Corp said on Tuesday it had handed over the first model of its newest mobile rocket launcher to the U.S. Army. The United States and its…
Lockheed can deliver F-35 to Germany from 2026, sees more orders in Europe
BERLIN – Lockheed Martin said on Wednesday it could deliver first F-35 fighter jets to Germany in 2026 and expects more orders for the aircraft in Europe as Greece and the Czech…
Biden to visit Lockheed plant producing weapons provided to Ukraine – White House
WASHINGTON – U.S. President Joe Biden will travel to Alabama on Tuesday to visit a Lockheed Martin Corp facility that is manufacturing weapons being provided to Ukraine, including Javelin anti-tank missiles, the…
Pentagon to request fewer Lockheed F-35 warplanes in next budget – report
-The Pentagon will request 61 F-35 stealth warplanes from Lockheed Martin Corp in its next budget, 33 fewer than previously planned, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-03-16/lockheed-s-tardy-f-35-is-hit-with-a-35-cut-in-2023-u-s-budget on Wednesday, citing people familiar with the…
Berlin wants to buy 35 Lockheed F-35 fighter jets, def min tells parliament
BERLIN – Berlin aims to purchase 35 F-35 fighter jets built by Lockheed Martin to replace its ageing Tornado aircraft in the role of nuclear sharing, the German defence ministry told parliament…
Leonardo, Avio Aero, Lockheed sign 380 million euro contract with Italy’s air force
MILAN – Italy’s Defence Ministry has given its green light to a 380 million euro ($425.94 million) contract with a consortium of companies including Italian aerospace and defence group Leonardo, aero-engine parts…
Lockheed Martin posts better-than-expected profit, reiterates 2022 sales outlook
By Mike Stone – U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday, helped by a strong performance at its ships and helicopters unit and venture capital gains, and…
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