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Latest Lockheed Stories

2012-07-09 22:20:08

FARNBOROUGH, England, July 10, 2012 /PRNewswire/ -- A Lockheed Martin (NYSE: LMT) airborne reconnaissance radar that provides high resolution, photographic-like imagery, even in inclement weather or darkness, is now available to customers worldwide. Lockheed Martin's AN/APY-12, a dual mode, X-band synthetic aperture radar (SAR) with moving target indication capability, has been cleared for export to certain countries, including Taiwan, Italy, Sweden and Korea. (Logo:...

2012-07-09 06:20:28

FARNBOROUGH, England, July 9, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has signed an agreement authorizing Marshall Aerospace to become the world's first commercial company to install C-130 Center Wing Boxes (CWB). Marshall Aerospace is also the first C-130J Heavy Maintenance Centre (HMC) in the world. "As we see the C-130J Super Hercules global fleet expanding, and the demand for the C-130J remaining strong, we need to expand our specialized support network around the...

2012-07-09 06:20:22

AKRON, Ohio, July 9, 2012 /PRNewswire/ -- The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $27 million, firm-fixed-price contract to produce components for 22 Vertical Launch anti-submarine (VLA) missiles. (Photo: http://photos.prnewswire.com/prnh/20120709/NE35986 ) A supersonic, urgent attack anti-submarine warfare weapon for Navy cruisers and destroyers, the VLA missile enables a crew to engage a submarine at a safer standoff range. Stored and launched from Lockheed Martin's MK41...

2012-07-08 22:20:09

FARNBOROUGH, England, July 9, 2012 /PRNewswire/ -- The initial ground shelter for a vigilant "Dragon Shield" has been delivered to the Finnish Air Force by Lockheed Martin [NYSE: LMT]. The ground system will support a CASA C-295 aircraft that Lockheed Martin is modifying to accommodate an advanced surveillance system for the Finnish Air Command. (Logo: http://photos.prnewswire.com/prnh/20110419/PH85737LOGO-b ) "Lockheed Martin is honored to work with the Finnish Air Force," said Jim...

2012-07-05 06:20:15

NEWTOWN, Pa., July 5, 2012 /PRNewswire/ -- The VINASAT-2 telecommunications satellite, designed and built by Lockheed Martin [NYSE: LMT] for the Vietnam Posts and Telecommunications Group (VNPT) of Vietnam, is now ready for service following successful on-orbit deployment and checkout of all spacecraft systems. "VINASAT-2 will join VINASAT-1 to form a satellite network, helping to improve the business capabilities, safety and reliability of the Vietnam telecommunications network as well as...

2012-07-03 06:21:09

PALMDALE, Calif., July 3, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] has been selected by the Defense Advanced Research Projects Agency (DARPA) to receive a Phase I Airborne Launch Assist Space Access (ALASA) program study contract valued at about $6.2 million. The ALASA program is a research and development effort maturing technologies to maintain vital satellite capabilities during a crisis. "Our approach uses a tactical aircraft to provide a high energy-state, reusable...

2012-06-29 10:20:54

BETHESDA, Md., June 29, 2012 /PRNewswire/ -- As wildfires continue to burn across Colorado, Lockheed Martin (NYSE: LMT) announced it will donate $100,000 to local emergency relief service organizations, including the Red Cross, and open the Lockheed Martin Employee Disaster Relief Fund (LMEDRF) to support employees affected by the natural disaster. "Supporting our communities is one of our core values," said Emily Simone, director, Lockheed Martin Global Community Outreach. "With nearly...

2012-06-28 10:20:33

BETHESDA, Md., June 28, 2012 /PRNewswire-FirstCall/ -- Lockheed Martin (NYSE: LMT) today announced key leadership appointments in its Space Systems Company (SSC) and Information Systems & Global Solutions (IS&GS) business areas. Rick Ambrose was appointed to the newly created position of vice president and deputy, Space Systems Company, reporting to executive vice president Joanne Maguire. Ambrose, who currently leads IS&GS-National, will be succeeded by Tim Reardon, currently...

2012-06-28 10:20:29

FORT WORTH, Texas, June 28, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] has reached a new labor agreement with District Lodge 776 of the International Association of Machinists and Aerospace Workers (IAM), the largest union at its Fort Worth, Tex., aircraft manufacturing facility. Union members voted to accept the proposal in a meeting today, ending a work stoppage that began April 23. The four-year contract will allow the union members to report to work beginning Monday, July 2, and...

2012-06-28 06:22:21

BETHESDA, Md., June 28, 2012 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) announced that its board of directors has authorized a third quarter 2012 dividend of $1 per share. The dividend is payable on Sept. 28, 2012 to holders of record as of the close of business on Sept. 4, 2012. Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design,...