CEO Robert Stevens

Lockheed Martin is the only serious contender left for Turkey’s naval frigate project after the Turkish navy rejected BAE Systems’ proposal. The project, however, could still be shelved for technical reasons.U.S. defense industry giant Lockheed Martin has been left as the only bidder in the $3 billion project for the joint manufacture of six frigates for the Turkish navy after Ankara rejected the remaining contender BAE Systems’ proposal.The project, however, may still not be awarded to...Read Full Story

Lockheed Martin successfully demonstrated the latest variant of its new launching system that maximizes the use of existing hardware and electronics to reduce the integration costs of weapons by more than 50 percent.During a May 5 test at the Royal Australian Air Force’s Woomera Test Range in South Australia, the new Extensible Launching System (ExLS) standalone variant successfully fired two Nulka Offboard Countermeasure missile decoy test rounds. One decoy was provided by the U.S. Navy and...Read Full Story

Lockheed Martin Corp has won $237 million in extra funding for a fourth batch of F-35 Joint Strike Fighters to account for changes to the hardware and software of the stealthy, supersonic new warplanes, the Pentagon said on Monday.The modified contract increases the cap on retrofits needed on early production planes due to issues that arose in testing, which is still continuing, the U.S. Defense Department said in a daily listing of contract awards.Lockheed said the change would enable the...Read Full Story

Laws of nature dictate that everything must deteriorate or decay. We see it in plants and animals as well as rocks and rivers. Technology is no different. Equipment wears out or breaks down, and advances in scientific knowledge make way for new methods and systems. In 2008, the United States Air Force selected Exelis in conjunction with Lockheed Martin to develop its GPSIII program in an effort to update GPS technology and the satellites it uses. About Exelis ?Started in 1920, Exelis began...Read Full Story

Lockheed Martin's Direct Attack Guided Rocket (DAGR) successfully tracked and engaged a moving target in a recent demonstration at Yuma Proving Ground, Ariz."DAGR hit a moving target from 3.5 kilometers," said Hady Mourad, DAGR program director in Lockheed Martin's Missiles and Fire Control business. "Defeating high-value targets on the move is a critical capability, and demonstrating this ability is a significant milestone for the precision-strike DAGR."Test pilots launched an inert DAGR...Read Full Story

Ajubeo, LLC High-Performance Cloud Infrastructure-As-A-Service Launched By … Ajubeo, a nationwide provider of enterprise-class cloud Infrastructure-as-a-Service (IaaS), now announced the official release of its high-performance cloud platform with its Denver, Colorado Cloud Hub completely operational. Read more about San Francisco Chronicle (click release) Lockheed Martin Reaches New Contract With UAW Union In Orlando, Denver And … The bargaining device represents employees at Lockheed Martin...Read Full Story

Email Lockheed Martin Corp, the company contracted to build new GPS navigational satellites, recently assured the US Air Force Space Command office that everything was “on schedule, on target” according to the department’s head. Air Force General William Shelton also dispelled rumors that the program’s cost had risen 18 percent, as initially laid out in a recent congressional report. Shelton said of the GPS III satellite program, “There is no question in my mind that the program is going...Read Full Story

Mon, Feb 27 2012 12:30 IST | 20 Views | Add your comment SHARE: US military hardware major Lockheed Martin was the biggest arms vendor in 2010 with sales totalling $35.7 billion, Stockholm International Peace Research Institute (SIPRI) says. Only three companies in the top ten of the SIPRI Yearbook 2012, based on the 2010 data, are not from the US - Britain's BAE Systems (second with sales of $32.9 billion), Europe’s EADS (seventh with sales of $16.4 billion) and Italy’s Finmeccanica...Read Full Story

Email As of today, any GPS satellite launched into orbit has done so all by itself. One satellite at a time traveled aboard United Launch Alliance’s (ULA) Delta 2 rocket into its constellation. One slight problem: Delta 2 has been phased out. Its replacements, Atlas 5 and Delta 4, significantly larger rockets, allow ULA and Lockheed Martin Corp, the two companies contracted to develop and implement GPS III satellite technology, to launch two satellites into orbit at one time. Bonus: costs...Read Full Story

Unhappy with proposed changes to health care benefits and pension plans, dozens of Lockheed Martin workers started picketing Monday at a North Texas plant where F-35 stealth fighter jets are made, as well as outside flight test centers in two other states.The strike by Fort Worth-based Machinists Local 776 began after the 3,600 union members voted overwhelmingly Sunday to reject the aerospace company's latest contract offer. Union members oppose the company's proposed changes to the health...Read Full Story