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Latest Lockheed Stories

2012-07-11 10:20:12

ALEXANDRIA, Va., July 11, 2012 /PRNewswire/ -- A key for intelligence officers and the military to detecting and acting on threats worldwide is the ability to access information in a timely manner. The recent selection by the Defense Intelligence Agency (DIA) of Lockheed Martin, as one of eight companies to offer worldwide analytic support across a variety of intelligence areas, will provide those intelligence personnel with the information they need, when they need it. The new...

TIGHAR Nears Nikumaroro, Amelia Earhart Within Reach
2012-07-11 13:40:00

Lawrence LeBlond for redOrbit.com - Your Universe Online The search for Amelia Earhart´s wrecked Lockheed Electra aircraft in the Pacific waters around the island of Nikumaroro will begin in a matter of days, once the crew aboard the Ka´imikai-O-Kanaloa (KOK) research vessel arrive on site. As the TIGHAR/Niku VII Earhart Project closes in on the uninhabited island in the Phoenix Group, the Republic of Kiribati, crew members are left to play the waiting game, as all checks have...

2012-07-11 06:20:46

PENNINGTON, N.J. and BALTIMORE, July 11, 2012 /PRNewswire/ -- Ocean Power Technologies, Inc. (Nasdaq: OPTT), a leading wave energy technology company, and Lockheed Martin (NYSE: LMT) have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a grant from the Commonwealth of Australia. For the project, Lockheed Martin will assist with the design of...

2012-07-11 06:20:27

PALMDALE, Calif., July 11, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and LaserMotive, Inc., recently demonstrated the capabilities of an innovative laser power system to extend the Stalker Unmanned Aerial System (UAS) flight time to more than 48 hours. This increase in flight duration represents an improvement of 2,400 percent. Stalker is a small, silent UAS used by Special Operations Forces since 2006 to perform intelligence, surveillance and reconnaissance missions. "We're pleased...

2012-07-10 10:20:39

In the news release, Lockheed Martin's Mission Systems & Sensors Business Reduces Workforce by 740, issued July 10, 2012 by Lockheed Martin over PR Newswire, we are advised by the company that the second paragraph, third sentence, should read "The combined efforts reduced the total workforce of MS2 by approximately five percent." The complete, corrected release follows: Lockheed Martin's Mission Systems & Sensors Business Reduces Workforce by 740 WASHINGTON, July 10, 2012...

2012-07-10 10:20:24

WASHINGTON, July 10, 2012 /PRNewswire/ -- Lockheed Martin's [NYSE: LMT] Mission Systems & Sensors (MS2) business today announced a reduction in its workforce of 740 as part of a continuing effort to improve efficiency and affordability amid a challenging budget environment. The company today notified 308 U.S.-based employees they will no longer have employment with the company. This action follows a voluntary layoff program that took place in May and resulted in 432 employees voluntarily...

2012-07-10 06:20:48

NEWTOWN, Pa., July 10, 2012 /PRNewswire/ -- The JCSAT-13 telecommunications satellite, designed and built by Lockheed Martin (NYSE: LMT) for SKY Perfect JSAT of Japan, is now ready for service following successful on-orbit deployment and checkout of all spacecraft systems. JCSAT-13 is required to meet a 15-year design life and is located at 124 degrees east longitude. JCSAT-13 carries an all Ku-band payload comprising 44 high-power communication channels with uplink and downlink coverage...

2012-07-10 02:28:37

MEMPHIS, Tenn., July 10, 2012 /PRNewswire/ -- International Paper Company (NYSE: IP) announced the election of Christopher E. Kubasik to its Board of Directors effective July 10, 2012. (Logo: http://photos.prnewswire.com/prnh/20020701/IPLOGO ) Mr. Kubasik, age 51, is Vice Chairman, President and Chief Operating Officer of Lockheed Martin Corporation, a publicly traded global security and aerospace company. He will become Lockheed Martin's Chief Executive Officer on January 1, 2013. He...

2012-07-10 02:21:44

FARNBOROUGH, England, July 10, 2012 /PRNewswire/ -- With the delivery of four Lockheed Martin [NYSE:LMT] F-35 Lightning II aircraft since June 29, an important milestone was achieved as the Department of Defense now possesses more operational-coded F-35s than test aircraft. A total of nine F-35s have been delivered for the year, giving the DOD a total of 30 aircraft fleet-wide. Of these, 16 are operational aircraft and 14 are test planes. "To date, the F-35 program has focused on...

2012-07-09 22:20:17

FARNBOROUGH, England, July 10, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has received a $23 million contract from the Royal Air Force of Oman (RAFO) to provide additional Sniper® Advanced Targeting Pods (ATP) for their F-16 fleet. In addition to the new Sniper pod deliveries, the contract also includes upgrades to the RAFO's existing pods and support. "Sniper ATP is known worldwide for keeping aircrews out of harm's way by detecting and identifying targets while...