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Latest Lockheed Corporation Stories

space-082311-002
2011-08-23 16:46:39

  NASA said that it will cost $8.7 billion to get the James Webb Space Telescope up and running in 2018, reports BBC News. The new $2 billion higher assessment emerged from documents sent recently to the U.S. Congress. The telescope is designed to be the successor of Hubble and will carry technologies capable of detecting the light from the first stars in the Universe. Delays and cost overruns have plagued the project, and politicians want to can the James Webb project....

2011-08-17 08:30:00

ORLANDO, Fla., Aug. 17, 2011 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has been awarded a $5.8 million one-year contract from FlightSafety Services Corporation to manage C-5 aircrew training at Lackland Air Force Base, Texas, and provide logistical support for six other training locations. The contract includes four one-year options that, if exercised, would total $30 million. The C-5 Aircrew Training System (ATS) program provides total training support for all C-5 pilots, flight...

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2011-07-11 07:25:00

The US House of Representatives is moving forward with a proposal that would eliminate funding for the James Webb Space Telescope (JWST)--said to be one of the most complex projects of its kind ever conceived--according to various media reports."¨According to a July 8 article by Matt Peckham of Time's Techland, the move to strike NASA's Hubble Telescope successor is "an attempt to further tighten the national belt." However, it threatens the billion dollar device currently planned to...

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2011-07-05 13:45:00

NASA said on Tuesday that its Hubble Space Telescope has crossed another milestone in its 21-years of space exploration. The space agency said its famous telescope logged its one-millionth science observation during a search for water in an exoplanet's atmosphere 1,000 light-years away. Alvaro Gimenez, head of science and robotic exploration for the European Space Agency said in a statement: "With a million observations and many thousands of scientific papers to its name, Hubble is one of...

2011-06-30 09:47:58

NASA awarded a follow-on contract to Lockheed Martin Space Systems Corporation (LMSSC) for Mission Operations, Systems Engineering and Software (MOSES-II) for the Hubble Space Telescope. This is a five-year cost-plus-award fee sole source contract with LMSSC with a value of $133,070,796, which includes the maximum award fee. Under this contract, LMSSC will continue to maintain Hubble's health and safety through the next phase of its science mission. The scope of this effort includes all...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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