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Lockheed Martin Corp

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  • 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...

  • WASHINGTON, May 13- The U.S. Air Force on Wednesday said it would immediately reevaluate bids received in a long-range radar competition after a federal court dismissed a lawsuit filed by Raytheon Co that was aimed at staving off protests filed by losing bidders Northrop Grumman Corp and Lockheed Martin Corp.. "The court's ruling... frees us to continue moving...

  • Japan defense export hopes dimmed by latecomer status Wednesday, 13 May 2015 | 2:06 AM ET

    TOKYO— A year after Japan eased a longstanding ban on military exports, barely a trickle of deals has formed for its powerhouse manufacturers who are reckoning with latecomer status in a crowded global industry. Partly in response to China's rising military assertiveness, Japan last year loosened restrictions on technology transfers and sales of military...

  • WASHINGTON, May 12- A federal judge has dismissed a lawsuit filed by Raytheon Co, freeing the U.S. Air Force to re-evaluate bids it got for a new long-range radar won by Raytheon but challenged by rivals Lockheed Martin Corp and Northrop Grumman Corp, Lockheed said in a statement. The decision marks a setback for Raytheon, which hopes to hold on to a contract that...

  • ALBUQUERQUE, N.M.— The head of Sandia National Laboratories plans to step down after five years at the helm of the Albuquerque, New Mexico- based research center. The laboratory is a wholly owned subsidiary of Lockheed Martin Corp. and a contractor for the U.S. Department of Energy's National Nuclear Security Administration. With main facilities in Albuquerque...