WICHITA, Kan. (KSNW) – Earlier this week, Boeing announced that they are buying Spirit AeroSystems, one of the largest employers in the city, for $4.7 billion ($37.25 per share). Senator Jerry Moran (R-Kan.) says Lockheed Martin is looking to Kansas to expand. Lockheed Martin is the largest aerospace and defense contractor in the country and […]
Per major news sources, Lockheed Martin Corp. LMT recently secured a multi-year contract worth $4.5 billion for its Phased Array Tracking to Intercept of Target Advanced Capability-3 missile from the U.S. Army. Per the terms of the deal, Lockheed will procure 870 Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (“MSE”) missiles and associated hardware. What’s […]
Lockheed Martin said it demonstrated it can integrate digital command and control capabilities into the Pentagon’s Joint Fires Network during Valiant Shield, an exercise in Hawaii this month. The Joint Fires Network is a U.S. Indo-Pacific Command initiative to improve coordination between commanders and network any sensor from any platform to feed targeting guidance to […]
PARIS — Tensions are running high in the race to decide Europe’s artillery rocket system of choice, with Germany emerging as a decisive player in a race between teams Rheinmetall-Lockheed Martin and Elbit-KNDS. On the opening day of the Eurosatory trade show here, all eyes were on the German-American duo, which have paired up to […]
Valued at $110 billion and doing nearly $70 billion in annual business, Lockheed Martin (NYSE: LMT) is the world’s biggest defense company. It’s also a major player in space. Lockheed Martin builds the Orion spacecraft that will one day carry NASA astronauts (back) to the moon, making it an integral part of NASA’s Project Artemis. […]
WARSAW, Poland — Lockheed Martin is offering Poland’s defense industry an opportunity to participate in the production of guided multiple-launch rocket systems, which neighboring Ukraine has used against Russian invaders. The offer from the American defense firm comes as Poland considers buying up to 486 launchers and launcher-loader module kits with related gear for its […]
HUNTSVILLE, Ala (WHNT) — Governor Kay Ivey gathered with local and U.S. Department of Defense officials Thursday to cut the ribbon on a new $18 million Lockheed Martin Engineering facility in Huntsville. Ivey joined officials from the company and the U.S. Army in cutting the ribbon on the 122,000-square-foot facility that Lockheed Martin says will […]
An F-35B jet en route to California from Fort Worth crashed in New Mexico on Tuesday after stopping to refuel at Kirtland Air Force Base in Albuquerque. Lockheed Martin, which produces the aircraft in Fort Worth, did not immediately respond to a Star-Telegram request for information, nor did a spokesperson for Kirtland Air Force Base. […]
A new F-35B crashed in Albuquerque, New Mexico, on Tuesday, leaving its pilot injured. The jet was a new model being transferred from a Lockheed Martin facility to the US military, per reports. F-35s have been reported to cost up to $135 million each, but it’s unclear how much this one was worth. An F-35B […]
The United States Air Force needs a few good drones. It just doesn’t need Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), or Northrop Grumman (NYSE: NOC) to build them. That’s the surprising upshot of a new contract announcement out of the Pentagon last month, in which the government chose none of its three leading publicly […]
WARSAW, Poland — Senior Lockheed Martin officials said they expect the first F-35 warplanes for Poland to leave the production plant in Fort Worth, Texas, in the coming months, a time line unaffected by the company’s problems with a major upgrade for the aircraft known as Technology Refresh 3, or TR-3. The envisioned timing lines […]
It’s been a good three years since there was anything to say about the U.S. Missile Defense Agency’s “Next Generation Interceptor” project — a plan to build and buy probably thousands of interceptor missiles to put a missile shield over the U.S. Three years of quiet… shattered by an explosion of good news for Lockheed […]