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Articles By: Lockheed Martin
SEWIP Electronic Attack Capability for US Navy Anti-ship Missile Defense
Lockheed Martin (NYSE: LMT) and Raytheon Company (NYSE: RTN) are teaming to compete for a U.S. Navy contract that will upgrade the fleet’s capability to electronically attack anti-ship missiles. Through its Surface Electronic Warfare Improvement Program (SEWIP) Block 3 upgrade, the Navy seeks to cost effectively enhance the electronic attack (EA) capability of its AN/SLQ-32 [...]
Lockheed Martin Delivers 2,400th C-130 Hercules
Lockheed Martin’s C-130 Hercules program has reached yet another historic milestone with the delivery of its 2,400th aircraft. The aircraft is an MC-130J Combat Shadow II assigned to U.S. Air Force Special Operations Command and will be operated by the 27th Special Operations Wing at Cannon Air Force Base, N.M. The delivery of this aircraft [...]
Lockheed Martin Announces Fourth Quarter and Full Year 2011 Results
BETHESDA, Md.: Lockheed Martin Corporation today reported fourth quarter 2011 net sales of $12.2 billion compared to $12.8 billion in 2010. Earnings from continuing operations during the fourth quarter of 2011 was $698 million, or $2.14 per diluted share, compared to $821 million, or $2.28 per diluted share, in 2010. Earnings from continuing operations for [...]
Lockheed Delivers 4th Upgraded P-3 Orion to US Customs and Border Protection
Lockheed Martin delivered the fourth P-3 Orion with new Mid-Life Upgrade (MLU) modifications to U.S. Customs and Border Protection two months ahead of schedule on Jan. 20. The MLU installation and phase depot maintenance (PDM) were accomplished in record time of 11 months at Lockheed Martin’s Greenville facility. “I am very proud of the Lockheed [...]
Lockheed Martin F-35A Performs First Night Flight
The first night flight in the history of the Lockheed Martin F-35 Program was completed Wednesday at Edwards Air Force Base, Calif. Piloted by Lockheed Martin Test Pilot Mark Ward, AF-6, an F-35A conventional takeoff and landing (CTOL) variant, launched at 5:05 p.m. PST and landed after sunset at 6:22 p.m. The mission consisted of [...]
Lockheed Martin Acquires Procerus Technologies
Lockheed Martin has announced the acquisition of Procerus Technologies, a company specializing in autopilot and other avionics for micro unmanned aerial systems. The terms of the agreement were not disclosed, but are not material to Lockheed Martin’s results. “This acquisition is consistent with our focus on acquiring capabilities that enhance our product portfolio and align [...]
Lockheed Announces $980M Missile Defense Contract
Lockheed Martin, as prime contractor leading a consortium of five major defense contractors, has been awarded a follow-on contract with an estimated value of $980M to continue work on the Command, Control, Battle Management and Communications program for the Missile Defense Agency. The contractors, known as the Missile Defense National Team, will continue development, operations, [...]
Lockheed Martin F-35 Program Exceeds 2011 Flight Test Goals
The Lockheed Martin [NYSE: LMT] F-35 System Development and Demonstration 2011 flight test program resulted in the completion of more test flights and test points than in any year. The 2011 flight test plan called for the accumulation of 872 flights and 6,622 test points by Dec. 31. For the year, the SDD program flew [...]
Lockheed Martin to Upgrade USAF C-130 Training Devices
The U.S. Air Force awarded Lockheed Martin [NYSE: LMT] a $24 million contract to upgrade weapons systems trainers used in the C-130 Aircrew Training System (ATS) II. The C-130 ATS II program provides a comprehensive academic and simulation training program for C-130 aircrews worldwide. The visual system and imagery databases in the weapons systems simulators [...]
