Army Contracts Lockheed Martin for Combat Vehicle Protection System Integration, Testing
Lockheed Martin is set to begin work on 36-month Army contract that involves integrating and testing systems designed to protect combat vehicles from grenade and missile attacks. The contract is the latest development in a partnership that began in 2014, in which the company developed a Modular Active Protection System (MAPS) base kit for the
Lockheed Martin Joins DOD DevSecOps Software Initiative
The U.S. Air Force has added Lockheed Martin to Platform One, an advanced software development program that aims to accelerate the development and deployment of new software applications for defense missions. Platform One is a standardized and widely mandated Defense Department DevSecOps Infrastructure program used for future software development. It enables faster software development and
Lockheed Martin Signs Deal to Buy Acquire Aerojet Rocketdyne
Global security and aerospace company Lockheed Martin Corp. has entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. for $56 per share in cash, which is expected to be slashed to $51 per share after the payment of a pre-closing special dividend. This represents a post-dividend equity value of $4.6 billion and a total transaction value of $4.4 billion including the assumption
Lockheed Martin to Buy i3 Hypersonics Portfolio
Lockheed Martin has announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc., or i3, a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter, Lockheed Martin said.
James Taiclet Steps into New Role as Lockheed Martin President, CEO
In a planned leadership transition, James Taiclet has become president and chief executive of Lockheed Martin Corp., succeeding Marillyn Hewson. Taiclet will continue to serve as a member of the corporation’s board, which he joined in 2018. Hewson will become executive chairman of the board and provide ongoing support for the leadership transition. “As a
Army Awards Lockheed Martin $6.07B Contract for PAC-3 MSE Production
Lockheed Martin has received a $6.07 billion contract from the U.S. Army for the production of Patriot Advanced Capability-3 Missile Segment Enhancement interceptors and associated equipment, to be delivered across fiscal years ’21, ’22 and ’23. “This contract demonstrates our customer’s continued confidence in our ability to deliver unmatched Hit-to-Kill technology that defeats the ever-expanding
Lockheed Martin Lands USAF Avionics Tech Refresh Contract
Lockheed Martin Skunk Works announced it will continue to evolve the U-2 Dragon Lady to support future battlespace needs under a recent contract award from the U.S. Air Force valued at $50 million. “As a proven, agile and reliable aircraft, the U-2S is the most capable high-altitude ISR system in the fleet today,” said Irene
James Taiclet Named Lockheed Martin President, CEO
In about 90 days, Lockheed Martin will have a new leader. Its board today announced it has elected James Taiclet as president and CEO, effective June 15. Taiclet joined the board in 2018 and will continue to serve as a member of the board. He has served as chairman, president and CEO of American Tower Corp. since 2004 and
Lockheed Martin Names Joe Dunford Jr. to Board
Global security and aerospace company Lockheed Martin has announced the election of former Chairman of the Joint Chiefs of Staff Gen. Joseph Dunford Jr. to its board of directors, effective Feb. 10, 2020. “General Dunford’s service to the nation at the highest levels of military leadership will bring valuable insight to our board,” said Marillyn
DARPA Contracts Lockheed Martin for Hypersonic Weapons Work
Lockheed Martin has been contracted to work with the Defense Advanced Research Projects Agency on a mobile missile system that can travel at five times the speed of sound. The $31.9 million contract for the Operational Fires Phase 3 Weapon System Integration program involves DARPA, Lockheed Martin and the Army developing and demonstrating a mobile,
Lockheed Martin Lands Super Hercules Award
Lockheed Martin has said it will deliver 50 C-130J Super Hercules to the U.S. government through a C-130J Multiyear III award, finalized in December 2019. The award comes as a delivery order under an existing 2016 IDIQ. The Defense Department awarded more than $1.5 billion in funding for the first 21 C-130J aircraft on the
Lockheed Martin Lands F-35 Deal
Lockheed Martin has won a 1-year $1.9 billion contract to support operations and sustainment of the F-35 fleet through the F-35 Joint Program Office. The contract through Dec. 31 also involves improving mission readiness and further reducing costs as well as funding critical sustainment activities aircraft in the fleet and building the capacity to eventually
Timothy Cahill Named SVP at Lockheed Martin
Timothy Cahill has been tapped as Lockheed Martin International’s new senior vice president and corporate officer. Cahill succeeds Richard Edwards, who will become strategic adviser to the CEO. The appointments will be effective Oct. 14. “Tim brings extensive international experience to his new position, having worked with customers in Europe, Asia and the Middle East,”
ManTech’s Adam Rudo is Driven by Technology, Inspired by Mission
Armed with an engineering foundation and a breadth of technical industry experience, Adam Rudo runs a business unit at ManTech International — and though technology drove him to the field, it’s the excitement of the mission that has kept him in it 26 years later. Rudo got his bachelor’s degree in electrical engineering from Carnegie
Bloomberg Government Releases Top Federal Contractors Ranking
Bloomberg Government has released its eighth annual BGOV200 report ranking the top 200 federal contractors for 2018 — and its analysis shows a third consecutive year of industry spending growth totaling $559 billion. The top five rankings are Lockheed Martin, Boeing Co., General Dynamics, Raytheon and Northrop Grumman, respectively, as these contractors maintain their top
AT&T’s Mike Leff is Fueled by Power of Curiosity
Mike Leff has been serving the public sector for more than 25 years. His career and personal path are driven by a life-long curiosity about how things work, a professional’s desire to make a real difference for those who serve and a perspective that can only be attained from 35,000 feet up. Leff is vice president-defense
Rocky Thurston to Lead Perspecta Civilian, State and Local Group
Perspecta has appointed former AT&T executive Rocky Thurston as senior vice president and general manager of its civilian, state and local group to develop growth strategies and maintain existing program performance. Thurston, a U.S. Air Force veteran, brings more than 20 years of experience serving defense, intelligence, civilian and public safety federal markets, and is
Sikorsky Snags $1.13B Deal To Build 12 CH-53K Heavy Lift Helicopters
Sikorsky, a Lockheed Martin company, has been awarded a $1.13 billion deal from the U.S. Navy to build 12 production CH-53K King Stallion helicopters. The helicopters are part of the 200 program of record aircraft for the U.S. Marine Corps, the company said. Under the Low Rate Initial Production Lot 2 and 3 contract, Sikorsky
Lockheed Martin Names Dean Acosta SVP of Communications
Lockheed Martin has tapped long-time communications leader Dean Acosta as senior vice president of communications, effective May 20. Acosta has almost 30 years’ experience in communications and journalism and most recently was vice president and chief communications officer for Resideo, a smart home technology company. When Resideo spun off from Honeywell, Acosta was tasked with naming and
Lockheed Martin Partners with Red Hat to Upgrade Air Force Fighter Jet Fleet
Lockheed Martin worked with Red Hat to adopt agile practices and speed up the delivery of software capabilities in its F-22 Raptor fighter jets used by the U.S. Air Force to better — and faster — meet warfighter needs. To do so, Lockheed Martin Aeronautics held an eight-week residency in Red Hat Open Innovation Labs
Former NASA Official Joins Lockheed Martin
Robert Lightfoot, former NASA acting administrator, is joining Lockheed Martin next Monday, the company has announced. Lightfoot will lead strategic planning, advanced technology concepts and new business strategy for the company’s Space business area. That business includes GPS, missile warning and communications satellites for the Pentagon; human and robotic exploration systems for NASA; weather and
3 GovCon Tech Leaders Join White House Board Aimed at Spurring Job Opportunities
A trio of chief executives of prominent technology companies serving the federal government will be working with 22 other private and public sector leaders to help promote education and job training. Created in July 2018 and announced yesterday by Commerce Secretary Wilbur Ross and Ivanka Trump, the American Workforce Policy Advisory Board members include Siemens
Lockheed Martin Exec Shuffle: New Appointments, Including SVP for Corporate Strategy
Government contracting giant Lockheed Martin is shuffling around some key executives, announcing the appointment of Robert Mullins as senior vice president for corporate strategy and business development. Mullins is succeeding Stephanie Hill, who is being appointed deputy executive vice president for Rotary and Mission Systems, where she will oversee the Sikorsky line of business among
KeyW Wins Subcontract To Support US Army Training Systems
The KeyW Holding Corporation has been awarded a six-year, multimillion-dollar task order as a key subcontractor to Lockheed Martin on a contract for the maintenance of U.S. Army training systems. KeyW will work with Lockheed on the $3.5 billion Army Training Aids, Devices, Simulators and Simulations Maintenance Program contract, serving the Program Executive Office for
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