Lockheed Martin has secured a $451 million contract to recapitalize additional multiple launch rocket system launchers for the U.S. Army to upgrade the military service’s fleet of M270 self-propelled launcher platforms. The company said Wednesday it will refurbish additional M270 systems to include the new common fire control system, improved armored cabs and new engines. […] More

Maxar Intelligence and Lockheed Martin will streamline the purchase and delivery of geospatial products for the F-35 fighter jet’s flight simulation and training platform under a new agreement. Maxar said Monday the long-term agreement with Lockheed seeks to standardize licensing, pricing and requirements for its products, including Dynamic imagery basemaps and Precision3D Data Suite, as […] More

Thomas Falk, formerly chairman and CEO of Kimberly-Clark, has been elected to join the board of directors at Lockheed Martin as independent lead director, succeeding Daniel Akerson, who retired after five years in the role. In his new role, Falk will preside over executive sessions of independent directors, approve agendas for board meetings and provide […] More

Lockheed Martin has transferred control of the long range discrimination radar positioned at the Clear Space Force Station in Alaska to the Missile Defense Agency. The company said Monday the handover followed the completion of the DD250 requirement, signaling the preparatory phase for the Operational Capability Baseline and impending transition to active use for military personnel.

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The U.S. Navy has awarded the rotary and mission systems business of aerospace company Lockheed Martin a contract modification worth $126.9 million. The cost-plus-incentive-fee award modifies contract N00024-19-C-5603, which calls for engineering services in support of ship self-defense system combat systems, the Department of Defense said Thursday.

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Lockheed Martin will collaborate with Intel and its newly launched standalone business Altera to build a sensor open systems architecture-based airborne electronic defense platform for the U.S. Navy's MH-60R multi-mission helicopter to support a program of the Office of the Undersecretary of Defense for Research and Engineering. Lockheed said Monday it will use Altera's Multi-Chip Package for integration with the SOSA technology under the Stimulating Transition for Advanced Microelectronics Packaging program.

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Helicity Space, a developer of fusion power for in-space propulsion and power technology, has announced securing an investment from Lockheed Martin Ventures, Lockheed Martin’s venture capital wing. This second funding round is a follow up to the initial round in December participated by institutional investors.

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Lockheed Martin has secured a $483 million follow-on contract from the U.S. Army to build air-to-ground missile systems for domestic and international military customers. The company said Monday it will provide procurement and production support for the Joint-Air-to-Ground Missiles and HELLFIRE missiles to the U.S. Army, Navy and the governments of the Czech Republic, France and Poland.

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Lockheed Martin will deliver a submarine electronic warfare system to the U.S. Navy under a $27.1 million order awarded against an indefinite-delivery/indefinite-quantity contract. The delivery order covers modernization kits, equipment and installation, the Department of Defense said Friday.

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Lockheed Martin has secured a seven-year, $71.3 million contract from the U.S. Navy to deliver performance-based logistics for the Consolidated Automated Support System family of testers that supports naval aviation systems at the intermediate maintenance level. Additionally, the Department of Defense said Thursday the contractor will offer repair services for the Navy, Marine Corps and foreign military sales customers.

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Firestorm Labs, a maker of modular unmanned aerial vehicles and an expeditionary additive manufacturing cell, raised $12.5 million from its latest funding activity. Lockheed Martin Ventures and other active defense investors provided the seed investment capital, Firestorm said Thursday.

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Robert Lightfoot, president of Lockheed Martin Space, said the company is looking to partner with more space businesses that are working on small satellites and intelligence, surveillance and communications payloads to meet the increasing demand within the government market for resilient space-based capabilities. “We’re looking for strategic partners," Lightfoot, a three-time Wash100 awardee, told the publication at a conference on Tuesday. "We're interested in talking with anyone who has an advantage in those areas from a space perspective."

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