Lockheed Martin and Ocean Power Technologies have partnered to build a wave energy project worth $230 million off the coast of Australia The Standard reported Tuesday. Sean McComish writes the companies intend for the renewable energy source to help power navy bases and maritime surveillance programs. The project is scheduled to start in 2014 and […] More

Lockheed Martin has conducted a simulation test to validate the configured software of a vertical launching system  for the U.S. Navy‘s long range anti-ship missile. The new interface worked to prepare and launch Lockheed-built LRASM weapon from the MK 41 vertical launcher during the demonstration, Lockheed said Wednesday. “This recent test demonstrates the low-risk and […] More

An industry team led by BAE Systems has won a $79 million contract to help the Defense Advanced Research Projects Agency design technology for converting large volumes of sensor data into threat intelligence. DARPA seeks to build a device that can help defense organizations process information from multiple sensors and predict threat behaviors by using […] More

A Cubic Corp. subsidiary has won an $18.3 million contract to design and manufacture combat training systems for Lockheed Martin‘s F-35 fighter jet. Lockheed picked Cubic Defense Systems to supply debriefing software, airborne instrumentation and ground station planning technologies in the program’s system development phase, Cubic said Tuesday. “The F-35 training subsystem will be embedded […] More

Lockheed Martin will manufacture cryogenic tanks in Louisiana by using technology originally intended to manufacture the Space Shuttle’s external tank in an effort to help meet liquefied natural gas demands. The company will leverage that technology and other program services for propellant handling, test and integration, composites manufacturing, production and tooling design to build the LNG […] More

Boeing and Lockheed Martin want to grow their footprint in the U.K. defense and aerospace market as well as maintain partnerships with existing customers there, the Daily Mail reported Monday. Ben Griffiths write the two U.S.-based contractors have sought growth opportunities abroad to help weather downturn in their home country. Sir Roger Bone, president of […] More