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Lockheed Martin Corp

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  • The top 10 highest-paid female CEOs Friday, 29 May 2015 | 6:11 AM ET

    Marissa Mayer, the head of Yahoo, was the highest-paid female chief executive in the Equilar/AP pay study. No. 1: Marissa Mayer, Yahoo, $42.1 million, up 69 percent. Yahoo's stock price has climbed 177 percent since the technology company hired Mayer from Google in July 2012.

  • ABOARD THE USS WASP, May 27- Nearly two weeks of testing of Lockheed Martin Corp's F-35B fighter jet on an amphibious assault carrier proved the stealthy new warplane can operate and be serviced at sea, U.S. and UK officials said this week, marking another step toward the jet's readiness for initial combat use by the Marine Corps. Six F-35 B-model jets, which can take...

  • Arkansas legislators endorse $87 million incentive package Wednesday, 27 May 2015 | 12:03 PM ET

    LITTLE ROCK, Ark.— An $87 million incentive package intended to bring a military vehicle assembly plant to south Arkansas easily won initial approval from lawmakers Wednesday, with a handful of Republicans opposing the move as the wrong way to attract business to the state. The Arkansas House voted 96-0 in favor of the plan to issue bonds if Lockheed Martin wins a...

  • WASHINGTON, May 26- The U.S. Air Force on Tuesday said it has certified privately held SpaceX to launch U.S. military and spy satellites, ending a monopoly held by United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, since its creation in 2006.. The decision follows two years of discussions and reviews by the U.S. Air Force and Space...

  • WASHINGTON, May 21- Lockheed Martin Corp has won a $735.5 million contract to maintain and operate several U.S. military secure communications satellites, the Pentagon said in its digest of major contracts on Thursday.

  • WASHINGTON, May 21- United Launch Alliance, a 50-50 joint venture of Lockheed Martin Corp and Boeing Co, on Thursday said it would go out of business unless it won commercial and civil satellite launch orders to offset an expected slump in U.S. military and spy launches. It will face competition for the first time when the Air Force expects to certify a rival,...

  • Arkansas governor proposes $87M bond package for project Thursday, 21 May 2015 | 12:22 PM ET

    Asa Hutchinson on Thursday said he's proposing that the state issue $87 million in bonds to help Lockheed Martin land a defense contract for its south Arkansas facility. "It's a competitive marketplace as to which company gets to produce the 55,000 vehicles for the Department of Defense, and we want to do the state's part to make sure that Lockheed Martin and...

  • Economic incentives on Arkansas governor's session agenda Wednesday, 20 May 2015 | 3:14 PM ET

    LITTLE ROCK, Ark.— A special legislative session focusing on economic development incentives also will include an effort to move up Arkansas' primary, a reorganization of some agencies and a change in the state's driving while intoxicated law, Gov. The Republican governor detailed the items that will be on the agenda for next week's session, which he called to...

  • May 19- United Technologies Corp is in talks with potential buyers for its Sikorsky Aircraft business, according to four people familiar with the situation. Airbus Group, Boeing and Lockheed Martin Corp are exploring their options for a deal, but a steep $3 billion tax bill associated with an outright sale of Sikorsky continues to dampen the interest of big...

  • WASHINGTON, May 19- The U.S. Marine Corps is "tracking very well" toward declaring a squadron of 10 F-35 jets built by Lockheed Martin Corp ready for initial combat use by July 15, Lieutenant General Jon Davis, the top general in charge of Marine Corps aviation, said on Tuesday. In a step toward that goal, the Marine Corps will use an MV-22 tilt-rotor aircraft to...

  • WASHINGTON, May 19- The third of four key U.S. congressional committees on Tuesday approved funding for 12 additional Boeing Co fighter jets in fiscal 2016, increasing the prospects that the company will keep its St. Louis production line running past the end of 2017.. The committee followed the lead of the House and Senate armed services committees, which each...

  • WASHINGTON, May 18- Lockheed Martin Corp said on Monday it is working to resolve "relatively minor" issues with a portable version of the F-35 fighter jet's automated logistics system, but the problems should not impede a Marine Corp milestone this summer. Jeff Streznetcky, the Lockheed executive in charge of the logistics system known as ALIS, told Reuters the...

  • WASHINGTON, May 18- Lockheed Martin Corp said on Monday it is working to resolve "relatively minor" issues with a portable version of the F-35 fighter jet's automated logistics system, but the problems should not impede a Marine Corp milestone this summer. Jeff Streznetcky, the Lockheed executive in charge of the logistics system known as ALIS, told Reuters the...

  • WASHINGTON, May 15- The U.S. Air Force on Friday said it is assessing what data rights it has to the Atlas 5 rocket built by United Launch Alliance after some companies expressed interest in swapping the rocket's Russian-built engine with a homegrown one. Assistant Air Force Secretary William LaPlante welcomed the initiative and said the government could also...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives. ULA, formed by the two largest U.S. weapons makers in 2006, has long been the sole company able to launch U.S. military and...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said 12 executives would leave the company in December under a voluntary layoff, a 30- percent reduction in executive ranks. Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA's ongoing efforts to...

  • WASHINGTON, May 15- The U.S. Air Force's acquisition chief said on Friday he expects the Air Force to announce the winner of a hard-fought competition to build a new long-range strike bomber in one to two months. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team of Boeing Co and Lockheed Martin Corp to build 80 to 100 new LRS-B aircraft for the...

  • BERLIN, May 15- Germany's defense ministry has decided to buy MEADS, a successor to the Patriot missile defense system developed by European defense group MBDA and U.S. weapons maker Lockheed Martin Corp, German newspaper Sueddeutsche Zeitung reported on Friday. The newspaper, which did not identify its sources, said the Lockheed-lead MEADS consortium had...

  • BERLIN, May 15- Germany's defense ministry has decided to buy MEADS, the successor to the Patriot missile defense system from the firm MBDA, German newspaper Sueddeutsche Zeitung reported on Friday. The newspaper, which did not identify its sources, said MBDA, along with U.S. firm Lockheed Martin, would make the MEADS system ready for series production.

  • WASHINGTON, May 13- The U.S. Air Force on Wednesday said it would re-evaluate bids received in a $1 billion long-range radar competition after a federal court dismissed a Raytheon Co lawsuit that sought to halt a fresh look at the bidders of its losing rivals Northrop Grumman Corp and Lockheed Martin Corp.. The companies on Tuesday said the U.S. Court of Federal...