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Lockheed Martin has submitted its final proposal to the U.S. Navy to design, build, integrate and test the new Air and Missile Defense Radar...
Lockheed Martin reported today net sales of $11.9 billion and net earnings from continuing operations of $781 million for the second quarter of 2012. The report reflects a modest growth over the second quarter last year.
The first MC-130J Commando II that will be converted to become an AC-130J Gunship is being built at the Lockheed Martin C-130 production facility here. The AC-130J will be equipped with a Precision Strike Package creating the U.S. Air Force Special Operations Command's newest gunship. Sixteen AC-130Js are planned with an Initial Operating Capability scheduled for 2015.
Lockheed Martin received a $68.9 million contract to prepare the Patriot Advanced Capability-3 (PAC-3) Missile production line for the introduction of the Missile Segment...
TenCate has adjusted its financial outlook for 2012; based on the current half year results, the expected profit will be below 2011 level. Revenues Advanced Armour and the Defender M product flame resistant fabrics product lines have thus far decreased approximately US$ 60 million.
The US Army awarded Lockheed Martin US$353.2 million follow-on contract for the seventh production lot of Guided Multiple Launch Rocket System (GMLRS) Unitary rockets....
The UAE is buying 750 Mine Resistant Ambush Protected All-Terrain Vehicles (M-ATVs). Deliveries will commence between January and August 2013, pending standard regulatory requirements. The contract grants the UAE options for more vehicles in the future.
CEO Bob Stevens warned against the consequences to U.S. national security and the economy of the automatic cuts known as sequestration, calling on Congress to find a better solution to address US fiscal challenges.