CEO Robert Stevens

Israel has picked the rival of a Mobile-based shipbuilder for an order of up to four warships, proposing a contract that, if finalized, could reach $1.9 billion. The move could enhance future business for Lockheed Martin Corp., industry analysts said, but should not guide the U.S. Navy's decision on which of two competing teams eventually will build up to 55 of the new breed of shore-hugging vessels known as Littoral Combat Ships. Mobile shipbuilder Austal USA is part of a team led by... Read Full Story

Lockheed Martin Corp.'s chairman Robert J. Stevens on Sunday urged European regulators to further promote transparency and competition, warning that the idea that protectionism would strengthen markets is misguided. Speaking on the eve of the aerospace industry's biggest air show, Stevens also said that the spending gap between the United States and European defense budgets threatens to create an unbridgeable trans-Atlantic capabilities gap. Stevens said that Lockheed, the world's largest... Read Full Story

Singapore has shown interest in possibly buying up to 100 of Lockheed Martin Corp's F-35 Joint Strike Fighter aircraft over coming decades, matching Israel's tentative plans, the general in charge of the program for the Pentagon said on Monday. Separately, the eight countries that have joined the United States to co-develop the plane appear to be largely sticking to their plans to buy some 730 of their own, said Air Force Maj. Gen. Charles Davis, the Pentagon's program chief. "The Israelis... Read Full Story

Lockheed Martin Corp. said Monday its Aegis Fire Control System launched a Standard Missile-6 and guided it to intercept an airborne target during a US Navy test at the White Sands Missile Range in New Mexico late last month. The Aegis Fire Control System is part of the Aegis Open Architecture weapon system that will be installed on Ticonderoga-class cruisers as part of the Navy's cruiser modernization program. The Aegis system was developed at the Moorestown, N.J., operations of Bethesda... Read Full Story

Inside a manufacturing facility so large that workers routinely bike and ride golf carts down paths named after fighter jets, preparations are underway to begin mass production of the F-35 Joint Strike Fighter. Lockheed Martin Corp. plans to assemble the stealth plane here on a moving assembly line using digital processes and automation techniques that are new to the defense aerospace sector, says Steve O’Bryan of Lockheed Martin’s F-35 business development team. Though car manufacturers... Read Full Story