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Stock Market & Financial Investment News

News For LMT From The Last 14 Days
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April 28, 2015
17:36 EDTLMTLockheed Martin awarded $142.68M government contract
Lockheed Martin is being awarded a $142.68M modification to a previously awarded cost-plus-incentive-fee contract to continue development of the Joint Strike Fighter Autonomics Logistics Information System Standard Operating Unit Version 2 capability development effort. This modification includes the incorporation of sub-squadron reporting, dynamic routing, and decentralized maintenance capabilities. Work is expected to be completed in July 2017. Fiscal 2015 research, development, test and evaluation funds in the amount of $18.58M will be obligated at time of award, none of which will expire at the end of the current fiscal year.
11:12 EDTLMTNorthrop Grumman to supply navigation system for SBIRS GEO-6 satellite
Northrop Grumman (NOC) has been selected by Lockheed Martin (LMT) to provide the space inertial reference system for the U.S. Air Force's sixth Space Based Infrared System Geosynchronous Earth Orbit satellite. Northrop Grumman will provide its Scalable Space Inertial Reference Unit for sensor pointing/stabilization and attitude control on the SBIRS GEO-6 space vehicle. Northrop Grumman has also provided its Scalable SIRU™ for previous SBIRS GEO satellites, including GEO-5 following the 2014 contract award.
05:54 EDTLMTLockheed Martin awarded contract by Arabsat and KACST
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April 27, 2015
09:04 EDTLMTLockheed Martin awarded contracts totaling $80M
Lockheed Martin continues to advance C-130 aircrew and maintenance training under recent contract awards from the U.S. Air Force valued at more than $80M. Contracts include the delivery of the following training solutions: A C-130J Air Mobility Command, or AMC, weapon systems trainer and C-130J AMC loadmaster part task trainer at Yokota Air Base in Yokota, Japan; A KC-130J weapons systems trainer, spares, support equipment and technical data; C-130 aircrew training system operations and maintenance services; and C-130J Training System Support Center services.

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