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Last updated on April 19, 2014 at 18:42 EDT

Latest Lockheed Stories

2012-06-28 06:22:20

BETHESDA, Md., June 28, 2012 /PRNewswire-FirstCall/ -- Lockheed Martin (NYSE: LMT) announced today that its board of directors has unanimously voted to establish the new position of vice chairman, electing President and Chief Operating Officer Christopher E. Kubasik as a board member and vice chairman, effective today. "Our board will benefit from Chris' expertise and strategic vision, and his participation as vice chairman will further prepare him for his responsibilities to the board as...

2012-06-28 06:21:38

ORLANDO, Fla., June 28, 2012 /PRNewswire/ -- The U.S. Air Force recently awarded Lockheed Martin [NYSE: LMT] a $241.6 million contract for Lot 10 production of the Joint Air-to-Surface Standoff Missile (JASSM) and Extended Range (ER) variant. The JASSM Lot 10 contract is for 191 baseline missiles, 30 ER missiles, Test Instrumentation Kits and systems engineering support. Produced at the company's award-winning manufacturing facility in Troy, Ala., Lockheed Martin has assembled more than...

2012-06-26 06:20:39

DALLAS, June 26, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) received a $27.1 million contract from the U.S. Army for the first phase of a three-year development program that will increase crew protection and update the Army's fleet of Multiple Launch Rocket System (MLRS) M270A1 mobile rocket launchers. Under the contract, Lockheed Martin will upgrade, assemble and test seven prototype vehicles. Phase one is expected to be followed by a production contract for the Army's entire fleet...

2012-06-26 02:20:57

NEWTOWN, Pa., June 26, 2012 /PRNewswire/ -- The Lockheed Martin (NYSE:LMT) commercial geostationary (GEO) communications satellite fleet has achieved a significant milestone by accumulating 1,000 years of in-orbit operations. JCSAT-13, built for SKY Perfect JSAT, and VINASAT-2, manufactured for Vietnam Posts and Telecommunications Group, were successfully launched May 15 and are the 100th and 101st satellites in the Lockheed Martin fleet. "Our focus on providing customers with...

2012-06-26 02:20:23

BETHESDA, Md., June 26, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] today announced its media briefing schedule for the 2012 Farnborough International Airshow. At the show, Lockheed Martin is celebrating its centennial and the innovations and achievements that helped its customers rise to some of the world's most vital challenges. It also looks toward the future by highlighting the global security capabilities and international partnerships that underscore its ongoing commitment to...

2012-06-24 22:20:11

DENVER, June 25, 2012 /PRNewswire/ -- An innovative Airborne Multi-Intelligence Laboratory (AML) developed by Lockheed Martin (NYSE: LMT) for intelligence, surveillance and reconnaissance (ISR) is now being used by the Italian Air Force in a live operational environment. Lockheed Martin signed a use agreement with the Italian Ministry of Defence (MoD) to provide the AML aircraft, three ground intelligence processing systems as well as flight crew and maintenance personnel for the plane. This...

2012-06-23 18:20:10

FORT WORTH, Texas, June 24, 2012 /PRNewswire/ -- At the request of the Federal Mediation and Conciliation Service, Lockheed Martin [NYSE: LMT] officials met Wednesday through Saturday this week with representatives of the International Association of Machinists and Aerospace Workers, District 776, which represents about 3,600 striking Lockheed Martin employees in Fort Worth and at Edwards AFB, Calif., and NAS Patuxent River, Md. "We are pleased to report our discussions with the union have...

2012-06-20 14:20:06

ARLINGTON, Va., June 20, 2012 /PRNewswire/ -- Lockheed Martin's [NYSE: LMT] Chairman and Chief Executive Officer Bob Stevens, President and Chief Operating Officer Chris Kubasik and other senior leaders commemorated the corporation's 100-year history during its annual media briefing yesterday, while simultaneously warning of the impacts that sequestration will have on the industry. The meeting, held at the company's Global Vision Center in Arlington, Va., was attended by seventy industry and...

2012-06-20 10:20:13

PHOENIX, June 20, 2012 /PRNewswire/ -- With the help of Lockheed Martin [NYSE:LMT], the U.S. Department of Defense is making major strides in its ongoing initiative to quickly and efficiently share the vast volume of intelligence, surveillance and reconnaissance (ISR) data available to users with access to the Distributed Common Ground System (DCGS). The DCGS Multi-Service Execution Team office awarded Lockheed Martin a $2.6 million contract to upgrade the DCGS Integration Backbone, or DIB,...

2012-06-20 06:20:26

VALLEY FORGE, Pa., June 20, 2012 /PRNewswire/ -- The Defense Information Systems Agency (DISA) has chosen Lockheed Martin (NYSE: LMT) to manage the transformation of the Department of Defense's global data network. The work will take place under an innovative, seven-year Global Systems Management Operations (GSM-O) contract. The contract would run for three years and includes two two-year options, with a total contract ceiling of $4.6 billion. The contract includes a mix of firm-fixed-price,...