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 Lockheed Martin Corporation

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updated Mon. May 7, 2018

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HILL AIR FORCE BASE — The Pentagon has stopped accepting deliveries of the F-35 from Lockheed Martin, but it's unclear how the stalemate will impact two major operations involving the next-generation fighter at Hill Air Force Base. Reuters reported Wednesday that the Department of Defense had ...
Lockheed Martin and Cobham have partnered to compete for the development of a next-generation jammer low band (NGJ-LB) for the US Navy. The NGJ-LB is intended for integration on-board the navy's E/A-18G Growler aircraft to replace the existing AN/ALQ-99 tactical jamming system. Lockheed Martin ...

Pentagon acquisition chief Ellen Lord told reporters Friday the ongoing F-35 production pause points to “sloppiness” by the government and prime contractor Lockheed Martin, adding the department is having regular discussions with the company about its manufacturing practices. “I think it's symptomatic of ...
Saudi Crown Prince Mohammad bin Salman just capped off a three-week tour across the United States. He spent last week on the West Coast, meeting with tech moguls from Jeff Bezos to Richard Branson and working to clinch deals with Snap, Amazon, Google and Apple. His Vision 2030 goal is to ...
The Johns Hopkins University and Lockheed Martin today announced a partnership aimed at enhancing opportunities for Baltimore City public school students pursuing academic and career fields in science, technology, engineering, and math. The collaboration is designed to close the STEM gap that ...
The possibility of a low-observable derivative of Lockheed's Stingray isn't surprising based on the aircraft's basic design, the company's past flying-wing endeavors, and the Skunk Works' long history with stealth, but it runs counter to Lockheed's recent claims. Aviation Week's James Drew was given the ...

Lockheed Martin is celebrating the F-35's last flight test for the Joint Strike Fighter program's System Development and Demonstration (SDD) phase. This last flight test marks the beginning of the end of the SDD phase, which started 2001 when Lockheed's X-35 prototypes triumphed over Boeing's ungainly ...
Lockheed Martin (NYSE:LMT) has been awarded $247.5 million from NASA to develop a new generation of commercial aircraft able to travel at supersonic speeds without a full sonic boom, making it safer to nearby people and structures. The money will be used to complete design and fabrication of an ...
“While all work in our factories remains active, the F-35 Joint Program Office has temporarily suspended accepting aircraft until we reach an agreement on a contractual issue and we expect this to be resolved soon,” a Lockheed spokeswoman confirmed in a statement, adding that the company remains ...
CHELMSFORD -- Lockheed Martin is expanding in more ways than one. The defense company's Missiles and Fire Control division is experiencing tremendous growth this year, and with that comes a need for a larger facility and more employees, according to new Chelmsford Site Director Colin Sterling.
El Segundo, L.A.-based SSV Properties purchased the property, a former Lockheed-Martin facility, in 2007 for an undisclosed sum and recapitalized the property in 2015. SSV sunk $5 million of renovations into the 132,000-square-foot property to turn the former industrial building into a creative office space ...
While most heads at the Los Angeles County Air Show on March 24-25 were turned upward to watch the flying display, it was the unexpected presence in the static park of a previously secret Lockheed Martin Skunk Works unmanned air vehicle (UAV) that stole the headlines. Dubbed the X-44A, the ...
Rockets aren't the only high-powered craft getting attention on Florida's Space Coast. Missiles are bringing in big work for the region — a sector that's set to get even bigger. Lockheed Martin is starting to bring over workers from its Sunnyvale, Calif.-based Space Systems division to its Fleet Ballistic Missiles ...
Founders of a company bearing one of the most famous names in aviation history, the Lockheed brothers (Malcolm at left and Allan at right) piloted this open cockpit maze of struts and wires in 1919 as they gave the King and Queen of Belgium a seaplane tour of Santa Barbara, Calif. One of the first ...
Bringing the U.S.-North Korea tension to Fort Worth at least for a day, officials from aerospace giant Lockheed Martin on Wednesday delivered the first of 40 F-35 fighter jet to South Korea. Dozens of dignitaries from the Far East attended the event at Lockheed Martin's massive Air Force Plant 4 in west Fort ...
Lockheed Martin's stock has been rapidly appreciating in the last few years, and that creates a dilemma for investors who try to predict whether Lockheed Martin can continue this strong growth. The Omnibus spending bill, passed into law last week, allotted $144.3 billion for military equipment procurement, ...
Lockheed Martin must reduce the F-35 joint strike fighters' operation and support costs, said the chief of staff of the Air Force March 29. ... In a statement to National Defense, Lockheed said it shared the Air Force's goal to lower sustainment costs and was confident it could reduce them to a level that would ...

Three Lockheed Martin Owego programs have been allocated $1.2 billion in the federal spending plan approved last week. The largest share, $445 million, was designated for the presidential helicopter program, a fleet of 23 copters being developed jointly by Owego and its new sister Sikorsky plant in ...
The TPS-77 Multi-Role Radar (MRR) system produced at Lockheed Martin's plant in Salina. (PHOTO CREDIT: Lockheed Martin website). SALINA — Lockheed Martin (NYSE: LMT) announced that it recently completed a successful site acceptance test of a TPS-77 Multi-Role Radar (TPS-77 MRR), ...
Lockheed Martin has agreed to collaborate with the Saudi Federation for Cyber Security and Programming in efforts to help train future information technology security professionals in Saudi Arabia. Both parties aim to help increase the country's capacity to defend against computer intrusions and viruses ...
Lockheed Martin Corp. CEO Marillyn Hewson received $22.8 million in total compensation in 2017, while Phebe Novakovic, chief executive of General Dynamics Corp., pocketed $21.5 million, according to Securities and Exchange Commission filings. Hewson's total compensation increased 11 percent ...
Lockheed Martin Skunk Works is best known for military reconnaissance planes and stealth fighters, and much of its work is cloaked in a veil of secrecy. The advanced development programs group based in Palmdale, California, is responsible for the famed U-2, SR-71, F-117, YF-22, X-35 and RQ-170, ...
After two months of public debate and discussion, the Pike County Commission voted Monday to close a portion of a public road to give Lockheed Martin an opportunity to expand. “A lot of positive things come from closing County Road 7717,” said Chairman Robin Sullivan. “We're talking about 150-200 ...
Lockheed Martin unveiled its concept for the Navy's MQ-25A Stingray unmanned aerial tanker in a series of images provided to USNI News on Monday by the company. Skunk Works' answer to the service's requirement for a new carrier-based tanker is a tailless flying wing design that sets it apart from the ...
Lockheed Martin has quietly obtained a patent associated with its design for a potentially revolutionary compact fusion reactor, or CFR. If this project has been progressing on schedule, the company could debut a prototype system that size of shipping container, but capable of powering a Nimitz-class ...
As Lockheed Martin's program manager for higher education, McGowan drives diversity and inclusion in STEM programs at minority-serving institutions. Because of his work, US Black Engineer magazine's Top Supporters of Historically Black College and University (HBCU) Engineering Survey ranked ...
Early last February, The War Zone published an exclusive story detailing what amounts to a "missing link" in Lockheed's flying-wing unmanned aircraft lineage, one that bridges the gap between the Skunk Works' abortive RQ-3 Darkstar from the 1990s and the RQ-170 Sentinel that appeared a decade later ...
In a sold-out Saturday event, women from Moorestown's Lockheed Martin met with girls ages 10 to 16 to teach them how to code. They broke off into groups for coding projects to cap off a day of female empowerment at Rowan College at Burlington County. MOUNT LAUREL — In a sold-out Saturday event, ...
In an unusual turn of events, Lockheed Martin has released technical “payload accommodation information” for three of their satellite busses. In layperson's terms, if you wanted to build a satellite and weren't sure what guidelines to follow these documents may help you learn if Lockheed Martin has a ...
In a hangar known as Site 2, opposite the Lockheed Martin Skunk Works on the Palmdale airport runway in California, the 60-year-old ritual of programmed depot maintenance for each of the 27 U-2S "Dragon Lady" aircraft remaining in service continues, a full decade after the US Air Force launched a ...
Law360 (March 16, 2018, 7:12 PM EDT) -- Lockheed Martin Corp. nabbed a pair of contracts that will see it receive roughly $3.5 billion for U.S. Army training systems and almost $482 million to cover air vehicle spares for F-35 Lightning II fighters, the U.S. Department of Defense announced Thursday. The security and ...
SpaceX and Boeing-Lockheed partnership split $640M in Air Force contracts ... Meanwhile, the United Launch Alliance, the Boeing-Lockheed joint venture that historically enjoyed a virtual monopoly carrying large U.S. military or spy satellites into space, was awarded a $351 million deal for two launches of ...
Lockheed Martin's (NYSE: LMT) aeronautics business has received a four-year, $481.9 million delivery order from the Naval Air Systems Command for F-35 initial air vehicle spares. The U.S. Navy, U.S. Air Force and U.S. Marine Corps, non-Defense Department participants and foreign military sales ...
Lockheed Martin has won a potential seven-year, $3.5 billion contract to supply training aids, devices and simulation tools for the Army to use on instrumentation systems and live-fire ranges. This is the first contract to be broken out and recompeted from the current Warfighter Focus contract held by ...
BERLIN — Raytheon and Rheinmetall have unveiled an integrated suite of air-defense capabilities that they think could meet the entire portfolio of German air-defense needs, ideally choking off efforts to buy an antimissile system from competitor Lockheed Martin, according to executives.
Lockheed Martin has landed another huge contract, $3.5 billion to maintain over 300,000 devices and systems used by the military, the company announced Friday. And that will result in at least a few dozen new jobs in Orlando if not more, company officials said, and possibly thousands of new jobs in the ...
The subsidiary of United Launch Alliance ("ULA"), a joint venture of Lockheed Martin Corp. LMT and The Boeing Co. BA , secured a contract for its satellite launch services. Per the terms, United Launch Services, LLC ("ULS") - the subsidiary - will deliver AFSPC-8 and AFSPC-12 satellites to their intended ...
Lockheed Martin Corp. has drawn a new, $1.46-billion contract from the U.S. Navy's Naval Air Systems Command for low-rate initial production (LRIP) related to Lots 13 and 14 of the F-35 Lightning II Joint Strike Fighter. The award is an acknowledgement of the forward-planning requirements for the F-35 ...
Fort Worth (WBAP/KLIF) – Fort Worth based Lockheed Martin has secured a nearly 1.5 billion dollar deal to continue funding its F-35 fighter jet — this according to the Department of Defense. A majority of the work will come from the fort worth branch, with the rest coming in Orlando, California, and the ...
Lockheed Martin has landed a $200 million contract that could provide the company's Central Florida employees work for as many as eight years. Under the deal, the defense giant will provide the U.S. Air Force Special Operations Command, which is based in Okaloosa County in northwest Florida, ...
Lockheed also is about to submit a proposal for the next generation of GPS 3, a program it has owned for a decade and where it will likely face tough competition. The strategy is to make the manufacturing process efficient and lean. The company last summer started construction on a 266,000-square-foot ...
Currently floating a navy comprising just 11 capital warships (four corvettes and seven frigates, most 30 years old or older), the Kingdom of Saudi Arabia has been on the hunt for new warships from Lockheed Martin (NYSE:LMT) for nearly a decade. Last week, it got its wish. In the Department of Defense's ...
A new contract for more F-35 fighter jets will take time, given the focus on cost, Lockheed Martin CEO Marillyn Hewson tells CNBC. The world's largest defense contractor has been negotiating with the Pentagon on the next contract since last year. Cost has been a huge sticking point for the F-35, ...
The SR-72 design incorporates lessons learned from Lockheed's Falcon Hypersonic Technology Vehicle 2 (HTV-2) experimental aircraft. The unmanned HTV-2 flew at Mach 20 or 13,000 mph after being launched from a rocket. At those speeds, the aircraft could travel from New York to Los Angeles in ...
TYSONS CORNER, VA, Feb. 7, 2018 — Lockheed Martin (NYSE: LMT) has entered into a partnership with Germany's Rheinmetall to offer the Sikorsky-built CH-53K King Stallion helicopter in the team's bid for a potential $4.9 billion helicopter procurement contract with the German military, ExecutiveBiz ...
Lockheed Martin is promoting infrared search and track (IRST) to help upgrade the sensor capabilities of the region's fighter fleets. Unlike radar, IRST is a passive sensor. It detects targets by sensing their IR signatures. This eliminates the need for an aircraft to give away its position through the transmission ...
Pike County residents near County Road 7717 are petitioning the county commission not to vacate a 2.7-mile portion of the road to Lockheed Martin. Darlene Lee, who says her property abuts Lockheed Martin, said the residents are concerned about the potential for property values to drop and for an ...
"Mad Money" host Jim Cramer recommends Lockheed Martin, Raytheon and Harris as stocks to buy for their strong business prospects and favorable economic conditions. With Congress close to a budget deal that would boost defense spending, Cramer says these stocks are set to benefit even more.
Lockheed Martin (NYSE: LMT) has received a three-year, $523.8 million contract modification for the supply of updated Patriot missiles to the U.S. Army as well as Qatar, Saudi Arabia and Romania. The company will provide Patriot Advanced Capability-3 enhancement and cost reduction initiative missiles ...
The shares of Raytheon Company (NYSE:RTN), Lockheed Martin Corporation (NYSE:LMT), and Northrop Grumman Corporation (NYSE:NOC) were all trending steadily higher throughout the month of January. In fact, they were each up in the low single digits on Jan. 24. But by the time the month was over, ...


 

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