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Lockheed named preferred bidder for Canadian navy bid

Lockheed named preferred bidder for Canadian navy bid

Business
Oct. 19 (UPI) -- Lockheed Martin Canada could be the next company to shape up Canada's shipyard after winning a competition to design the next fleet of Royal Canadian Navy ships. A team of contractors led by Lockheed was announced Friday as the preferred bidder after presenting a BAE Type 26 design to the government of Canada and Irving Shipbuilders Inc. Now the team is one step closer to taking home a contract worth $ 60 billion. The next step in the bidding process will take place over the early months of 2019, when the Canadian government will examine the winning bidder's financial solvency and design proposal. During that time, Lockheed will go through the "due diligence" process, which includes negotiations with the company on intellectual property rights, an assessment of combat sys...
Raytheon, Lockheed receive contract for Javelin missile upgrades

Raytheon, Lockheed receive contract for Javelin missile upgrades

Business
Aug. 24 (UPI) -- Raytheon and Lockheed Martin's Javelin joint venture company has received a $ 14 million contract modification for Javelin Weapon System modernization. Work on the contract, announced Thursday by the Department of Defense, will be performed in Tucson, Ariz., with an estimated completion date of September 2020. Army fiscal 2017 and 2018 research, development, test and evaluation funds in the amount of $ 14.3 million were obligated at award. The FGM-148 Javelin is a man-portable anti-tank missile used by the U.S. and many allied countries. The missile has a "fire-and-forget" infrared guidance system that requires no course corrections from the operator after launch. The Javelin can target moving vehicles, fixed fortifications, troops in the open and low-flying helicopters. ...
Lockheed to support, train Iraqi air force on C-130J aircraft

Lockheed to support, train Iraqi air force on C-130J aircraft

Business
July 2 (UPI) -- Lockheed Martin has been awarded an $ 85 million five-year contract to train the Iraqi air force on their six C-130J aircraft. The deal, announced Friday by the Department of Defense, allows the U.S. Air Force to support the Iraqis with contractor logistics support, technical assistance and logistics. It will also include aircraft and aerospace ground equipment, spares, repairs and familiarization training on the C-130J aircraft. Work will be performed at Martyr Mohammed Ala Air Base in Iraq and is expected to be completed by June 30, 2022. Foreign military sales funds amounting to more than $ 16 million will be obligated at the time of award, with the overall value of the contract set at a ceiling value of $ 100 million. Let's block ads! (Why?) Business News - UPI.com
Lockheed Martin to upgrade special operations C-130 aircraft

Lockheed Martin to upgrade special operations C-130 aircraft

Business
April 17 (UPI) -- Lockheed Martin was awarded a contract for upgrades on special operations C-130 fixed wing aircraft, along with engineering and support services.The deal, announced Monday by the Department of Defense, is potentially valued at $ 18 million under the terms of a indefinite-delivery, indefinite-quantity with firm-fixed-price and cost-plus-fixed-fee agreements on varies line items.Known officially as the MC-130H Combat Talon II, the contract enables Lockheed Martin to provide "operational flight program upgrades" on the aircraft, in addition to, "systems engineering and integration support activities encompassing multiple third-party systems sources," according to a Defense Department contract announcement.Work on the contract will occur in Marietta, Ga., and is expected to b...
Lockheed tapped for ship repair support on Fitzgerald

Lockheed tapped for ship repair support on Fitzgerald

Business
April 13 (UPI) -- Lockheed Martin was awarded a contract from the U.S. Navy for continued repair service support on the USS Fitzgerald and to deliver five upgraded systems for ballistic missile defense.The deal, announced Thursday by the Department of Defense, is valued at more than $ 68.5 million under the terms of a firm-fixed price contract, which is a modification to a previous award.The agreement enables Lockheed Martin to provide additional support in the restoration of the USS Fitzgerald, a guided missile destroyer that collided with a container ship offshore Japan in June 2017. Seven U.S. sailors were killed.Additionally, the contract calls for the manufacture and delivery of five upgraded AN/SPY-1D(V) phased arrays for the purpose of enhancing in-service ballistic missile defense ...