CEO Robert Stevens

Lockheed Martin Corp. (LMT) said Friday it would hire more temporary workers at a fighter-jet plant in Texas to counter a strike by employees ... the union said on its website. Lockheed said it will continue to add more external workers as ...  

WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's top supplier by sales, began using temporary workers on Thursday in place of striking employees at its plant in Fort Worth, Texas, to help meet scheduled deliveries of F-16 and F-35 fighter jets.  

BETHESDA, Md -- BETHESDA, Md. - Wedged between an interstate highway and the Washington, D.C., Beltway, the understated corporate neighborhood Lockheed Martin Corp. calls home took on a rowdy flavor Thursday with the shouting, chanting, sign ...  

Lockheed Martin Corp. and a union representing hundreds of Orlando workers have agreed on a new five-year contract, the Orlando Sentinel reports. The contract provides workers with $2,000 signing bonuses and annual pay raises. Workers also will receive annual cost-of-living raises based on the federal government’s Consumer Price Index. Bethesda, Md.-based Lockheed Martin (NYSE: LMT) is the nation’s largest defense contractor and employs...  

Lockheed Martin Corp.'s chairman and CEO, Robert Stevens, on Thursday announced his plans to retire as chief executive. The giant Bethesda, Md.-based defense contractor and aerospace firm (NYSE: LMT) is the parent of Jefferson County-based Lockheed Martin Space Systems Co., and also has a joint venture with Boeing Co., Centennial-based rocket company United Launch Alliance. Lockheed said Stevens will retire as CEO, effective Jan. 1, 2013...  

Bethesda-based Lockheed Martin Corp., which faces an uncertain future of Pentagon spending, enjoyed more of it in the last quarter to lift its profits 26 percent, ahead of estimates. CEO Robert Stevens also announced his retirement. Lockheed ...  

Falls Church-based DynCorp International LLC has won a $92.6 million task order to provide the Air Force with aircraft maintenance support, Govcon Wire reported. DynCorp team members will provide depot maintenance support on aircraft at Robins Air Force Base in Georgia, including the Lockheed Martin Corp.-built C-130 Hercules and C-5 Galaxy. They will also support Boeing Co.-built C-17s and F-15 Strike Eagle aircraft.  

WASHINGTON May 22 (Reuters) - The Marine Corps version of Lockheed Martin Corp's new F-35 fighter jet had its first flight out of Eglin Air Force Base in Florida on Tuesday, a critical step toward the start of pilot training on the new ...  

Lockheed Martin Corp.'s incoming Chief Executive Officer Christopher Kubasik is warning that more defense industry consolidation could be on the way if Pentagon budget cuts are approved, according to the Wall Street Journal. Kubasik, who will be taking over for retiring CEO Robert Stevens, said consolidation "would absolutely be a scenario. It would not surprise me," the Journal reports. Lockheed has more than 250 employees at its facilities...  

Lockheed Martin Corp. said its 100th and 101st commercial geostationary communications satellites were successfully placed in orbit Tuesday from a launch facility in Kourou, French Guiana. The satellites were built by the Bethesda, Md.-based defense, information-technology and aeronautics company at its factory in Newtown, Pa. It commemorated the launches with a celebration Tuesday night. One was made for Sky Perfect JSAT Corp. of Japan. The...  

The decision by the Pentagon to limit flight durations for Lockheed Martin Corp.'s F-22 Raptor fighter aircraft won't have any immediate impact on the company's bottom line — even if it is something of a publicity nightmare in the short term.  

The decision by the Pentagon to limit flight durations for Lockheed Martin Corp.’s Marietta, Ga.-built F-22 Raptor fighter aircraft won’t have any immediate impact on the company’s bottom line — even if it is something of a publicity nightmare in the short term. Certainly, Bethesda, Md.-based Lockheed (NYSE: LMT) could not have been happy about the Tuesday order by Secretary of Defense Leon Panetta to limit F-22 flights to areas near...  

(Reuters) - Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week. Lockheed said about 70 members ...  

Is the news that Lockheed Martin Corp. CEO Robert Stevens would retire a big surprise? Not really. Unlike other defense contractors that dropped similar bombs, Lockheed started the ball rolling months ago in an effort to prepare Wall Street.  

Bethesda-based Lockheed Martin Corp. has been cleared to begin a $2 billion contract to support the National Science Foundation's Antarctica operations, Washington Technology reported. The company will provide support infrastructure to the U.S. Antarctic Program, which conducts research at the South Pole.  

Bethesda-based Lockheed Martin Corp. announced the delivery of the final F-22 Raptor to the Air Force, completing the fleet of the fifth-generation stealth fighter, AOPA Online reported. The final F-22 was the 195th one made.  

Lockheed Martin Corp. was selected to compete for future task orders through the Department of Homeland Security’s new tactical communications program (TACCOM). Among 30 awardees, Lockheed Martin was one of five to be selected to compete for TACCOM tasks in all five of the program’s core areas. The department will use the indefinite delivery, indefinite quantity program to obtain equipment engineering, operations and maintenance services...  

The Defense Department bumped up the maximum amount of contract funding available for adjustments to Lockheed Martin Corp.'s F-35 Joint Strike Fighter by $237.74 million, allowing the company to make configuration changes to the baseline hardware or software. The concurrency cap, as it's known, is the threshold at or under which Lockheed is obligated to incorporate government-authorized changes.The increase supports changes to F-35 purchases...  

Kourou, French Guiana (ESA) May 19, 2012 The 100th and 101st Lockheed Martin commercial geostationary communication satellites have been successfully placed in orbit after a dual launch aboard an Ariane 5-ECA launch vehicle. Both satellites are based on Lockheed Martin's A2100 geosynchronous satellite series. JCSAT-13, manufactured for SKY Perfect JSAT Corporation of Japan and VINASAT-2, manufactured for Vietnam Posts and Telecom  

Lockheed Martin Corp. is teaming up with Hewlett Packard, AT, IBM and Northrop Grumman to make a bid for the U.S. Navy's multibillion dollar Next Generation Enterprise Network (NGEN) contract. According to a federalnewsradio.com report, Lockheed joined up with the other companies after deciding not to make a bid for the contract on its own. At least one other group of companies is expected to compete for the contract, consisting of Computer...  

A quiet strike-related protest at Lockheed Martin Corp.'s Bethesda headquarters Wednesday died down quickly and did not disrupt operations, said a company spokeswoman. "The protestors were here for two hours" Wednesday and didn't return on the ...  

Lockheed Martin Corp.’s incoming Chief Executive Officer Christopher Kubasik is warning that more defense industry consolidation could be on the way if Pentagon budget cuts are approved, according to the Wall Street Journal. Kubasik, who will be taking over for retiring CEO Robert Stevens, said consolidation “would absolutely be a scenario. It would not surprise me,” the Journal reports. Bethesda, Md.-based Lockheed Martin (NYSE: LMT...  

Lockheed Martin Corp. will get $237.74 million in additional contract funding from the Department of Defense to make requested adjustments to the F-35 Joint Strike Fighter's baseline hardware and software, according to a Washington Business Journal report. The changes needed to be authorized by the DOD, which sets the concurrency cap -- the threshold at or under which Lockheed is obligated to incorporate government-authorized changes...  

As the Pentagon looks toward the possible end of its commitment to Bethesda-based Lockheed Martin Corp.'s Medium Extended Air Defense System, a report to Congress indicates the U.S. Army is planning to invest heavily in upgrading its current Patriot air and cruise missile defense system, Aviation Week reported. The House Armed Services Committee will consider a bill next week that would shut down funding for the program that the U.S. works on...  

In light of an uncertain future about Pentagon spending, Lockheed Martin Corp. secured a $391 million Army contract for a new radar system to improve soldiers' protection from rocket and artillery fire. There are two additional options that could make the total contract value exceed $800 million. Bethesda-based Lockheed Martin (NYSE: LMT) recently reported strong first-quarter results. Sales for the world’s largest defense contractor...  

Lockheed Martin Corp. has been awarded a $254.7 million contract by the Department of Defense to continue providing sustainment, maintenance, operations, hosting and development support services for the human resources system that supports more than 800,000 DoD civilian employees. The work on the Defense Civilian Personnel Data System will be performed in San Antonio, Lockheed Martin’s Denver Data Center and three military sites. Lockheed...  

BETHESDA, Md., May 24, 2012 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) will webcast live a presentation by Chairman and Chief Executive Officer Bob Stevens, at Sanford C. Bernstein's Twenty-eighth Annual Strategic Decisions Conference on Thursday, May 31, 2012...  

Christopher Kubasik, who will become the next chief executive of Bethesda-based Lockheed Martin Corp., believes the uncertainty surrounding looming Pentagon budget cuts could trigger another round of defense industry consolidation, The Wall Street Journal reported. The big U.S. and European contractors that dominate the defense sector are already wrestling with shrinking domestic business and targeting more sales to governments in Asia and...  

Lockheed Martin Corp. will provide the U.S. Department of Defense's Cyber Crime Center with cyber security support in a contract that will net the company $454 million. Federal News Radio reports that Lockheed's services will include a range of technical, functional and management support. The Cyber Crime Center provides assistance in the investigation of criminal, counterintelligence and counterterrorism, in addition to cyber security...  

Bob Stevens, CEO of Lockheed Martin Corp., will retire at the end of the year. Stevens, 60, was previously Lockheed’s CFO before becoming the company’s president in 2000. He was named CEO in 2004. He will be succeeded by current president and COO Chris Kubasik, effective Jan. 1, 2013. Kubasik, in turn, will be succeeded by Marillyn Hewson. “Bob Stevens has had an extraordinarily distinguished career, working tirelessly on behalf of...  

Lockheed Martin Corp. warned in a Securities and Exchange Commission filing an additional $1.2 trillion in federal cuts could lead to closures, staff reductions and crippled operations. Specifically, Lockheed said in its 10-Q quarterly report, filed April 26, the scheduled January 2013 cuts, known as sequestration, would cause “disruption of ongoing programs and initiatives, facilities closures and personnel reductions that would severely...  

Lockheed Martin Corp.'s largest union hit the picket lines Monday morning, according to several media reports. The machinists local 776 voted overwhelmingly to strike on Sunday. The workers' contract expired at midnight, and the two sides couldn't make a deal.  

The U.S. Air Force says Bethesda-based defense contractor Lockheed Martin Corp. will lose its entire fee of about $70 million to defray an 18 percent cost overrun on the first of its newly designed Global Positioning System satellites, The Washington Post reported. Lockheed had estimated that it would cost $1.5 billion to develop, test and build the first two GPS III satellites, but Air Force spokeswoman Vicki Stein said the cost had risen to...  

Lockheed Martin Corp. won’t be able to meet its original cost estimate for building the first two next-generation Global Positioning System satellites and so will not receive a $70 million incentive fee from the Air Force. The Bethesda, Md.-based defense contractor said in a statement that it doesn’t publicly reveal specifics about incentive or award fees on its contracts, but that the cost of building the satellites is still within the Air...  

The Defense Department has awarded Lockheed Martin Corp. of Bethesda $79.4 million to develop a guided warhead system, according to GovCon Wire. Lockheed will design a unitary, all-weather, precision-guided rocket under the 36 month program. The rocket will serve as a drop-in replacement for the dual-purpose improved conventional munition warhead.  

Lockheed Martin Corp. and its global partners have begun system-level testing in Italy for an international missile defense system, even as budget hawks on Capitol Hill want to kill the program. The tests at Pratica di Mare Air Force Base near Rome will check performance of the multifunction fire control radar in the Medium Extended Air Defense System, known as MEADS. A key benefit of the radar includes a 360-degree capability. An initial...  

Lockheed Martin Corp. and its global partners have begun system-level testing in Italy for an international missile defense system, even as budget hawks on Capitol Hill want to kill the program. The tests at Pratica di Mare Air Force Base near Rome will check performance of the multifunction fire control radar in the Medium Extended Air Defense System, known as MEADS. A key benefit of the radar includes a 360-degree capability. An initial...  

Welcome to the Denver Business Journal's Tech Watch, our roundup of today's tech news from around the nation, featuring reports on Yahoo, Apple, Google, Lockheed Martin, Microsoft, Dish Network, Amazon.com, Nintendo, AT, Verizon Wireless, Best Buy, Ancestry.com, Orbotix, Social Madness and more. Lockheed Martin CEO Robert Stevens to step down Watch Obama playing with Sphero the Robotic Ball Denver launches pro bono patent law...  

... Martin Executives Ring The Opening Bell to Commemorate 100th Anniversar.. 05/21 Lockheed Martin Executives Ring The Opening Bell(SM) to Commemorate 100th Annive.. 05/21 Lockheed Martin's Aegis Computer Program Development Approved by U.S. Navy for A..  

BETHESDA, Md., May 24, 2012 /PRNewswire via COMTEX/ -- Lockheed Martin Corporation (NYSE:LMT) will webcast live a presentation by Chairman and Chief Executive Officer Bob Stevens, at Sanford C. Bernstein's Twenty-eighth Annual Strategic ...  

products and services. The Corporation's net sales for 2011 were $46.5 billion. 05/22 Lockheed Martin Reaches New Contract With UAW Union In Orlando, Denver And Balti.. 05/21 Lockheed Martin’s Aegis Computer Program Development Approved by U.S. Navy for A..  

Newtown PA (SPX) Apr 13, 2012 Lockheed Martin has delivered its 100th and 101st commercial geostationary communications satellites in preparation for the first dual launch of satellites built by Lockheed Martin aboard an Ariane rocket. JCSAT-13, built for SKY Perfect JSAT Corporation of Japan, and VINASAT-2, manufactured for Vietnam Posts and Telecommunications Group (VNPT) of Vietnam, arrived at the Arianespace launch  

Lockheed Martin Corporation has been awarded a $454 million contract to provide cybersecurity support to the Defense Department's Cyber Crime Center, Federal News Radio reports. The company has been selected to deliver a full range of technical, functional, and managerial support to the DC3, which provides vital assistance in the investigation of criminal, counterintelligence and counterterrorism matters, as well as cyber security support to...  

Gibson, Dunn & Crutcher has added a former Lockheed Martin Corp. corporate counsel to its Washington office, the law firm announced on Wednesday. Neil Whiteman, who had handled legal matters for Lockheed Martin Space Systems Co. since June 2009, will...  

As I look a Lockheed Martin Corp (LMT) and the atmosphere on world markets as well as at home, I am compelled to look at the company ... Steady Income from Government Defense Work As a high tech producer, Lockheed has millions in government contracts ...  

WASHINGTON (Reuters) - Lockheed Martin Corp on Thursday said it had won a contract worth up to $454 million to support the Pentagon's Cyber Crime Center, a government facility that investigates the growing number of attacks on U.S. government networks.  

The bargaining unit represents workers at Lockheed Martin Space Systems Company in Denver ... products and services. The Corporation's net sales for 2011 were $46.5 billion. 05/21 Lockheed Martin’s Aegis Computer Program Development Approved by U.S ...  

Lockheed Martin Space Systems Co. has been awarded a contract worth nearly $68 million to provide on-orbit operations engineering support regarding research and development for the first two next-generation satellites for the Global Positioning System, the Defense Department said. The unit of Bethesda, Md.-based Lockheed Martin Corp. will perform the work at its plant in Newtown, Pa. A team led by Lockheed Martin (NYSE:LMT) was awarded a $1...  

MOORESTOWN, NJ, May 21, 2012 -Lockheed Martin [NYSE: LMT] has completed computer program development and testing for the HOBART class Air Warfare Destroyer (AWD), the Royal Australian Navy's Aegis-equipped ships. The computer programs have been approved by ...  

NEW YORK, May 21, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) Chairman and CEO Bob Stevens, President and Chief Operating Officer Chris Kubasik, and members of the company's leadership team, rang The Opening Bell(SM) at the New York Stock Exchange ...  

D.R. Stephens & Co. has acquired a Moffett Park office and research and development building for $3.5 million. The San Francisco-based company bought a 24,000-square-foot vacant building on 310 E. Caribbean Drive with plans to perform exterior and interior renovations, according to Cassidy Turley’s Kalil Jenab, who represented both D.R. Stephens and the seller, Lindsey Family Trust. Lockheed Martin Corp. moved out of the single-story...  

Fort Worth, TX (SPX) May 18, 2012 The twelfth Lockheed Martin F-35 Lightning II destined for the training fleet has arrived at the Eglin Air Force Base, Fla. U.S. Marine Corps pilot Lt. Col. Fred Schenk piloted the aircraft, known as BF-11, which departed Naval Air Station Fort Worth Joint Reserve Base, Texas at 10:02 a.m. CDT for an approximate 90-minute flight to Florida's Emerald Coast. The F-35B short takeoff/ver  

Lockheed Martin Corp. was selected to compete for future task orders through the Department of Homeland Security’s Department of Homeland Security Latest from The Business Journals Know when to start your own business Past deadline, few firms ...  

COLORADO SPRINGS, Colorado (Reuters) - The U.S. Defense Department is unlikely to kill major military satellite programs even if it is forced to double $487 billion in spending cuts already planned for the next decade, but cuts and delays are a sure bet, a senior Lockheed Martin Corp executive said.  

The next contracts for Lockheed Martin Corp. (LMT)’s F-35 jet, the U.S.’s costliest weapons program, will be tied more closely than previous ones to testing, assembly and software progress, the Pentagon’s program manager for the fighter ...  

WASHINGTON (Reuters) - Lockheed Martin Corp on Thursday said it had won a contract worth up to $454 million to support the Pentagon's Cyber Crime Center, a government facility that investigates the growing number of attacks on U.S. government networks.  

WASHINGTON: Lockheed Martin Corp on Friday won a US$259mil contract adding two more F-35 fighter jets to a fifth batch of jets being purchased by the US military, boosting the size of that order to 32 jets, the Pentagon and Lockheed officials said.  

Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Lockheed+Martin+%28LMT%29+Enters+New+Master+Labor+Agreements+Covering+650+Workers/7462403.html for the full story.  

WASHINGTON (Reuters) - 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...  

BETHESDA, Md. (AP) — Lockheed Martin Corp. said Thursday that CEO Bob Stevens plans to step down and that its president and chief operating officer, Chris Kubasik, will take on the role at the start of the new year.  

Fort Worth, TX (SPX) May 15, 2012 Two Lockheed Martin F-35B short takeoff/vertical landing (STOVL) production aircraft were ferried last week to Eglin Air Force Base, Fla., marking the 24th and 25th F-35 deliveries to the Department of Defense. The 5th Generation multirole fighter jets were delivered to the United States Marine Corps and are now assigned to the 2nd Marine Aircraft Wing's Marine Fighter/Attack Squadron 501  

(Adds political context of Australia's defense review and more details of budget plans and U.S. relationship.) SYDNEY (MarketWatch) -- Australia will delay some purchases of Lockheed Martin Corp. (NYSE:LMT) -made F-35 Joint Strike Fighter jets ...  

SYDNEY—Australia will delay some purchases of Lockheed Martin Corp. -made F-35 Joint Strike Fighter jets as part of an aggressive plan to return a budget surplus ahead of an election scheduled for 2013. The move—designed to save the government some A$1 ...  

Lockheed Martin Corp. will provide the U.S. Department of Defense's U.S. Department of Defense Latest from The Business Journals Follow this company Cyber Crime Center with cyber security support in a contract that will net the company $454 million.  

By John Mylant: Lockheed Martin Corp (LMT) is one of the world's largest defense contractors (at least by revenue). It is involved in research, development and manufacturing of technological systems and services for customers which are almost always governments. Its two largest segments are (Aeronautics 29% of sales) and (Electronic Systems 31% of sales) as these two combine for 60% of sales for the whole company.In the beginning of March, RBC...  

Lockheed Martin Corp. has won a $156 million contract to provide the Air Force with new training devices for aircrews and aircraft maintenance personnel, the company announced today. The defense contractor will develop 24 new training devices ...  

By Doug Cameron, Dow Jones Newswires; 312-750-4135; doug.cameron@dowjones.com Order free Annual Report for Lockheed Martin Corp. Visit http://djnewswires.ar.wilink.com/?link=LMT or call 1-888-301-0513 Order free Annual Report for Lockheed Martin ...  

BETHESDA, Md. (AP) -- Lockheed Martin Corp. says that CEO Bob Stevens plans to step down and that its president and chief operating officer, Chris Kubasik, will take on the role at the start of the new year. The 60-year-old Stevens has served as ...  

Lockheed Martin Corp. says that CEO Bob Stevens plans to step down and that its president and chief ... The 51-year-old Kubasik has served with Stevens in the executive office of the chairman since October 2011. Marillyn A. Hewson, who is 58, will succeed ...  

Lockheed Martin Corp. (LMT), the world’s largest defense company, first-quarter profit rose 20 percent aided by sales of jet fighters, cargo planes and electronic systems. Robert Stevens, 60, the chairman and chief executive officer, will ...  

Lockheed Martin Corp. 's Orlando training-simulation unit said Tuesday it has received a $156 million Air Force deal to provide advanced training simulators for aircrew and maintenance crews of C-130J transport jets. Terms call for delivery of ...  

Lockheed Martin Corp., the world’s largest defense company, reported first-quarter profit rose 20 percent as Robert Stevens, the chairman and chief executive officer, announced plans to retire. Stevens, 60, will step down as CEO in January and ...  

BETHESDA, Md. — Lockheed Martin Corp. said Thursday that CEO Bob Stevens plans to step down and that its president and chief operating officer, Chris Kubasik, will take on the role at the start of the new year. The announcement came as the ...  

(AP) — Lockheed Martin Corp. said Thursday that CEO Bob Stevens plans to step down and that its president ... net income climbed to $668 million, or $2.03 per share, from $530 million, or $1.50 per share. Earnings from continuing operations ...  

Despite mixed results from its Orlando operations, Lockheed Martin Corp. said Thursday it posted higher sales and profit during its first quarter, beating the consensus Wall Street earnings forecast and lifting its share price. The nation's ...  

Robert J. Stevens will retire as chief executive of defense giant Lockheed Martin at the end of the year, and Chris Kubasik, president and chief operating officer, will replace him, the company announced today. Read full article >>  

BETHESDA, Md. - Lockheed Martin Corp. says that CEO Bob Stevens plans to step down and that its president and chief operating officer, Chris Kubasik, will take on the role at the start of the new year. The 60-year-old Stevens has served as CEO ...  

Lockheed Martin said Thursday that its chief executive, Robert J. Stevens, will retire in December after eight years in the job. His successor will be Christopher E. Kubasik, who is now Lockheed’s president and chief operating officer.  

Montgomery County Executive Ike Leggett’s proposed $900,000 tax break for Lockheed Martin Corp. faces a tough road before the County Council. A staff report issued ahead of an April 26 council committee meeting urges members to reject the ...  

WASHINGTON (Reuters) - Top U.S. weapons maker Lockheed Martin Corp posted a higher-than-expected first-quarter net profit and announced a succession plan that will bring in President Chris Kubasik as chief executive officer in January. Lockheed ...  

Is the news that Lockheed Martin Corp. CEO Bob Stevens would retire a big surprise ... for 25 years — pointed to a near-term departure. As we heard from Evan Scott, president of Alexandria-based executive recruitment firm ESGI, who spoke ...  

BETHESDA, Md., April 26, 2012 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) announced that its Board of Directors has authorized a second quarter 2012 dividend of $1 per share. The dividend is payable on June 22, 2012 to holders of record as of the close of business on...  

BETHESDA, MD. — Lockheed Martin Corp. says CEO Bob Stevens plans to step down and president and chief operating officer Chris Kubasik will take the role at the start of the new year. Stevens has served as CEO of the security and aerospace ...  

Fort Worth, TX (SPX) Apr 26, 2012 For the first time, two Lockheed Martin F-35C Lightning II carrier variant test aircraft launched together and conducted formation flying at Naval Air Station Patuxent River, Md., Wednesday. The test aircraft, known as CF-1 and CF-2, were piloted by Navy Cdr. Eric Buus and Marine Corps Lt. Col. Matt Taylor, respectively. The mission tested flying qualities of the aircraft while taking off,  

Dallas TX (SPX) Apr 26, 2012 Lockheed Martin has received a $79.4 million contract from the U.S. Department of Defense to develop a new variant of the Guided Multiple Launch Rocket System (GMLRS) that incorporates a new warhead. Under the terms of the contract, the GMLRS Alternative Warhead Engineering and Manufacturing Development Program will run 36 months, and will focus on system performance, warhead qualification  

Lockheed Martin Corp. (LMT) said Thursday it is preparing for what it has warned would be a devastating impact on the industry from steep cuts in Pentagon spending under the so-called budget sequestration process. The world's largest defense ...  

BETHESDA, Md., April 20, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) released its 2011 Corporate Sustainability Report today, outlining its performance in five non-financial areas – environmental, ethics, diversity and inclusion, global community outreach, and occupational...  

Robert Stevens turned out to be one of the biggest trophies in the acquisition binge that made Lockheed Martin Corp. (LMT) (LMT) the world’s biggest defense contractor. Stevens, a former U.S. Marine who came to Lockheed when it bought his ...  

WASHINGTON (Reuters) - Chris Kubasik will step into the top job at Lockheed Martin Corp, the biggest U.S. weapons maker, at the very moment that the Pentagon may be facing another $500 billion in spending cuts on top of the $487 billion already being implemented. At the same time, Lockheed is under mounting pressure to demonstrate progress on its biggest program, the $297 billion F-35 Joint Strike Fighter, before more international partners...  

WASHINGTON, April 26 (Reuters) - Top U.S. weapons maker Lockheed Martin Corp posted a higher-than-expected first-quarter net profit and announced a succession plan that will bring in President Chris Kubasik as chief executive officer in January.  

Weapons maker Lockheed Martin Corp and online jobs recruiter Monster Worldwide Inc both had higher-than expected net. Monster jumped 15.6 percent to $9.43, while Lockheed added 1.1 percent to $91.99. But Exxon Mobil Corp and Aetna Inc posted ...  

A House Armed Services Committee panel endorsed without cuts Pentagon plans to fund 29 Lockheed Martin Corp. (LMT) F-35 fighters, it said today. The Pentagon in its fiscal 2013 budget requested $9.1 billion for the fighters, including $6.1 ...  

The stock of PulteGroup Inc , the No. 2 U.S. homebuilder ... Among other results, weapons maker Lockheed Martin Corp and online jobs recruiter Monster Worldwide Inc both had higher-than expected earnings. Lockheed added 0.8 percent to $91.70 ...  

WASHINGTON (Reuters) - Unionized workers on strike against Lockheed Martin Corp over healthcare benefits and pensions are prepared for a long work stoppage, a top union official said on Tuesday as the company said it would be able to keep operations running. Nearly 3,650 union workers walked off the job on Monday at the Fort Worth, Texas, plant where Lockheed builds the new F-35 fighter plane and at two military bases where it is tested. ...  

Lockheed Martin [NYSE: LMT] leadership delivered today the 195th and ... that they will be held to account and that our response will be undeterred," said Robert J. Stevens, Lockheed Martin's chairman and CEO. "The very existence of this airplane ...  

Pending home sales rose to a near two-year high in March ... Weapons maker Lockheed Martin Corp and online jobs recruiter Monster Worldwide Inc both had higher-than expected net. Monster jumped 15.6 percent to $9.43, while Lockheed added ...  

Lockheed Martin Corp. (LMT) (LMT) will lose its entire fee of about $70 million to defray an 18 percent cost overrun on the first Global Positioning System satellites of a new design, according to the Air Force. The Air Force estimates the first ...  

The Machinists strike against Lockheed Martin reached the gates of the defense giant's corporate headquarters for the first time Wednesday as about 35 union members picketed outside the building during rush hour.  

Lockheed Martin Corp. issued 157 layoff notices to Virginia employees ... employment elsewhere in the [co]orporation," said Lockheed spokeswoman Lindsay Wilson. "We also expect that many of the affected employees may have the opportunity for ...  

May 2, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] leadership delivered today the ... will be held to account and that our response will be undeterred," said Robert J. Stevens, Lockheed Martin's chairman and CEO. "The very existence of ...  

In a rare venture beyond its native habitat,Lockheed Martin Corp.is promoting sales of flight-training software for limited use in non-military arenas. Although the products are strictly aimed at educators and aviation professionals, they have ...  

WASHINGTON (Reuters) - Lockheed Martin Corp on Friday won a $259 million contract adding two more F-35 fighter jets to a fifth batch of jets being purchased by the U.S. military, boosting the size of that order to 32 jets, the Pentagon and Lockheed officials said. Lockheed and the Pentagon are still negotiating the final terms of a fixed-price fifth production contract for the new radar-evading supersonic fighter jet, after reaching agreement...  

Joseph Bachmann and Lt. Col. Matt Kelly piloted the aircraft ... Prior to acceptance, the three F-35Bs underwent a series of company and government checkout flights at Lockheed Martin's F-35 production facility in Fort Worth. The F-35 Lightning II is ...  

Lockheed Martin Corporation 's ( LMT) F-22 fighter jet flying limit between landing zones was limited by a recent order to the U.S. Air Force by Defense Secretary Leon Panetta. The curb on flying limit came on the heels of undiagnosed safety ...  

Lockheed Martin's price action in the session formed what is considered to be a Hammer, where bears drove prices lower intraday. However, the strong finish indicates that bulls regained control, forming a trend reversal. Lockheed Martin Corporation (NYSE ...  

The cost to develop and buy 2,443 Lockheed Martin Corp. (LMT) F-35 fighters with engines from United Technologies Corp. (UTX) has increased about 4.3 percent since 2010, according to new Pentagon figures. The production and acquisition costs ...  

Two Lockheed Martin F-35Bs Ferried To Eglin, Marking 25th DOD DeliveryMarketWatch (press release)All three jets were formally accepted by the US Defense Contract Management Agency (DCMA) on behalf of the Marine Corps with the signing of Department of Defense Form 250 (DD-250). BF-9 and BF-10 were accepted May 4 while BF-11 was accepted May 5.and more »  

Improved technology flown by the Lockheed Martin Corp.-built satellites “will result in ... Flight Center in Maryland oversees development of the GOES spacecraft. Kennedy Space Center’s Launch Services Program buys and manages the launch ...  

Lockheed Martin Corp. and its global partners have begun system-level testing in Italy for an international ... which means the U.S. is on the hook to contribute $806 million more, split between 2012 and 2013.  

NEW YORK, NY--(Marketwire - May 9, 2012) - www.shinesrooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Aerospace/Defense Products ...  

"Marillyn is the perfect embodiment of the ideals behind our USO Woman of the Year award," stated Brian Whiting, CEO and president, USO of Metropolitan New York. "In addition to being one of the most influential women in business, she and the more than ...  

GeoEye-2 program director for Lockheed Martin Space Systems Company. "We are on track to complete the remaining integration and test work on-schedule and look forward to the ultimate deployment of this cutting-edge satellite." Carl Alleyne, GeoEye's vice ...  

Shadow Hawk is an 11-pound class, 2.75-inch diameter, 27-inch long drop-glide weapon. It is terminally guided by a semi-active laser seeker, providing better than one meter precision. Shadow Hawk also provides an essential off-axis capability, enabling ...  

"We are very excited about our new name and the future of our credit union," LFCU President and CEO Dave Styler said. "We've served Lockheed Corporation and Lockheed Martin employees and their families for 75 years, and we're tremendously proud of our ...  

The occasion was marked by a ceremony and words of praise from Lockheed Martin, the company that built the jet. "There is no longer any nation ... Lockheed Martin chairman and CEO Robert J. Stevens said at the gathering Tuesday, according ...  

EAST HARTFORD, Conn., May 2, 2012 /PRNewswire/ -- Pratt & Whitney Automation, a subsidiary of United Technologies Corp. (UTX), recently received supplier recognition from Lockheed Martin Aeronautics for their 100 percent on-time delivery with ...  

Built by Lockheed Martin Corporation ( LMT), the second Advanced Extremely High Frequency ("AEHF-2") military communication satellite was launched from the Cape Canaveral Air Force Station on board a United Launch Alliance ("ULA") Atlas V rocket.  

April 19, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] will webcast live its First Quarter 2012 Earnings Conference Call on Thursday, April 26, 2012, at 3:00 p.m. EDT. Bob Stevens, chairman and chief executive officer, Bruce Tanner, executive vice ...  

Wednesday. The test aircraft, known as CF-1 and CF-2, were piloted by Navy Cdr. Eric Buus and Marine Corps Lt. Col. Matt Taylor, respectively. The mission tested flying qualities of the aircraft while taking off, landing and flying in formation for more ...  

It also summarizes key corporate governance actions and includes a timeline ... "That's why we work together to embed our core values - do what's right, respect others, perform with excellence - in our relationships with customers, colleagues and business ...  

Built by Lockheed Martin Corporation (LMT), the second Advanced Extremely High Frequency (“AEHF-2”) military communication satellite was launched from the Cape Canaveral Air Force Station on board a United Launch Alliance (“ULA”) Atlas V ...  

MARIETTA — Lockheed Martin Aeronautics Company recently recognized employees who provided 50,000 collective volunteer hours to local community organizations in 2011. Hamilton Holmes, community relations manager, says that on top of being a good corporate ...  

New York, April 17th (TradersHuddle.com) - Shares of Lockheed Martin Corporation (NYSE:LMT) closed the trading day higher by $0.37 or 0.41% from ... aeronautics, energy, and systems integration. Lockheed Martin's trading range is defined by a trough ...  

Sciaky was represented by Mike Riesen, general manager; and Scott Phillips, president. Hosting the ceremony were Lockheed Martin's Steve O'Bryan, vice president of F-35 program integration; and Tom Simmons, vice president of supply chain management.  

April 10, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] today announced it has achieved ... what the collective efforts of our 123,000 employees bring to bear," said Chris Kubasik, president and chief operating officer. "Whenever we identify ways ...  

Lockheed Martin said Thursday that its chief executive, Robert J. Stevens, would retire in December after eight years in the job. His successor will be Christopher E ... had been adjusting to “this new reality” for several years and would ...  

ORLANDO/MUNICH/ROME, April 19, 2012 - In preparation for an intercept flight test later this year, the first Medium Extended Air Defense System (MEADS) Multifunction Fire Control Radar (MFCR) has begun system-level testing at Pratica di Mare Air Force Base ...  

Turkey, which said in February it intended to buy a total of 100 F-35s, will buy only two this year, and will decide each following year how many planes it will order, Defence Minister Ismet Yilmaz told Reuters on Thursday. The Pentagon and Lockheed remain ...  

"This event encouraged the students to think outside the box, which is an acute skill needed to foster technology innovation." Each of the students on the winning teams received a scholarship. Lockheed Martin's Information Systems & Global Solutions-Civil ...  

Defense and aerospace giant Lockheed Martin (NYSE: LMT) isn't ready to rest on its sustainability ... Coming up with new targets is a perennial challenge for green-minded corporations: set them too low and you may not get much engagement ...  

Lockheed Martin Corporation (LMT) is a 100 year old technology company ... It has a huge amount of backlog from all around the world, and is at the cutting edge of innovation. Most of the executive managers have been with the company for many years and ...  

Lockheed Martin said Thursday that its chief executive, Robert J. Stevens, would retire in December after eight years in the job. His successor will be Christopher E. Kubasik, who is now Lockheed’s president and chief operating officer.  

The allegedly infringing resulting products were used by Lockheed Martin Corporation (Lockheed) in the manufacture of F-22 jet aircraft, designed and built, of course, under a U.S. Government contract. The carbon fiber products were manufactured from fiber ...  

Three Orlando small businesses were included in the 18 organizations Lockheed Martin recognized on Tuesday for their outstanding support of the corporation’s business units in Orlando and Dallas in 2011. Fay Tool & Die, Inc., Industrial Smoke ...  

Lockheed Martin Corporation (NYSE:LMT - News) was awarded a $259 million contract for two more F-35 fighter jets to a batch of jets to be purchased by the U.S. military. The new requisition increased the size of the order to 32 jets. The final ...  

The allegedly infringing resulting products were used by Lockheed Martin Corporation (Lockheed) in the manufacture of F-22 jet aircraft, designed and built, of course, under a U.S ... Court of Federal Claims for the recovery of his reasonable and entire ...  

The Corporation's net sales for 2011 were $46.5 billion. 04/16 Lockheed Martin Completes Assembly of Near Infrared Camera for NASA'S James Webb.. 04/16 Lockheed Martin Completes Assembly of Near Infrared Camera for NASA’s James Webb..  

Lockheed Martin Corp. plans to lay off 132 workers at the FBI Criminal Justice Information Services site in Harrison County.  

Shares of some top aerospace companies are mixed at 10 a.m.:Boeing fell $.81 or 1.1 percent, to $74.20.Goodrich rose $.04 or percent, to $125.19.Lockheed Martin Corp. fell $.21 or .2 percent, to $89.24.Northrop ...  

The gig: Alton D. Romig Jr., 58, is "chief skunk" at Lockheed Martin Corp.'s famed Skunk Works secretive weapons development facility in Palmdale. It's one of the most coveted jobs in aerospace.