Lockheed Martin
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ArmyLockheed Secures $8.4 Billion PrSM Ceiling Increase To Support Production Boost Framework
Lockheed Martin [LMT] has secured an $8.4 billion ceiling increase from the Army for its Precision Strike Missile (PrSM) contract, with the deal supporting a previously announced framework agreement to […]
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Missile DefenseLockheed Martin Nabs $35 Billion THAAD Contract For Framework Agreement
The Missile Defense Agency (MDA) on Wednesday awarded Lockheed Martin [LMT] a $35.5 billion, seven-year undefinitized procurement contract for production of Terminal High Altitude Area Defense (THAAD) interceptors, the next […]
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Missile DefenseLockheed Martin Opens NGI Production Facility
Lockheed Martin [LMT] in a ceremony today officially opened a new 88,000-square foot production facility dedicated to producing the Next Generation Interceptor (NGI) for the Missile Defense Agency (MDA) in […]
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InternationalState Department Approves Nearly $4.7 Billion In Helicopters To South Korea, Support To India And Missiles For Belgium
The State Department on Monday approved over $4.7billion in two potential Foreign Military Sales (FMS) programs for helicopters to South Korea as well as support services to India military equipment […]
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GeneralLockheed Martin Reveals Rapid Fielding Center As Step Between Prototype And Full Production
Lockheed Martin [LMT] on Wednesday announced the start of a new intermediate center that can produce prototype-like products in early phases of development but at higher production rates and reliability […]
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WeaponsLockheed Martin Rolls Out Low-Cost Containerized Grizzly Launcher
Lockheed Martin [LMT] on Tuesday unveiled its new Grizzly low-cost containerized launcher that can fire Hellfire missiles from a 10-foot shipping container, having recently completed its first live-fire tests. The […]
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Missile DefenseNew PAC-3 Agreement Possible With Guaranteed Cash Flows And Inflation Markers, Officials Say
Defense Department and Lockheed Martin [LMT] officials confirmed specific measures around cash flows and accounting for inflation are key to a new framework agreement that aims to more than triple […]
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Missile DefenseDoD and Lockheed Martin Sign Framework Agreement To More Than Triple PAC-3 MSE Production
The Department of Defense and Lockheed Martin [LMT] on Tuesday announced a new seven year-long framework agreement aimed at pushing annual production of the Patriot Advanced Capability (PAC)-3 Missile Segment […]
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Air ForceF-22 Controls Unmanned General Atomics MQ-20 Drone In Industry Demo
General Atomics Aeronautical Systems, Inc. (GA-ASI) on Monday announced the successful test of an F-22 Raptor fighter controlling an MQ-20 Avenger unmanned combat aerial vehicle (UCAV) for the first time […]
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Navy/USMCLockheed Martin Invests $50 Million In Saildrone, Plan To Integrate Weapons On USVs
Lockheed Martin [LMT] on Wednesday announced a $50 million investment in maritime drone maker Saildrone, with plans to integrate weapons and other systems onto their unmanned surface vessels (USVs). Work […]
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