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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...
Bank trio to lead £4bn Aston Martin float

Bank trio to lead £4bn Aston Martin float

Business
The British luxury car-maker Aston Martin is lining up a trio of banks to lead a prospective £4bn stock market listing that could take place within months.Sky News has learnt that the manufacturer of James Bond's vehicle of choice is close to hiring Deutsche Bank, Goldman Sachs and JPMorgan as the global co-ordinators for a long-awaited initial public offering (IPO).The appointment of the three investment banks is understood to have been recommended by board members and is awaiting sign-off from Aston Martin's two Italian and Kuwaiti shareholders, according to insiders.If confirmed, the move will see Deutsche, Goldman and JPM take the most prized positions on a public listing that has had dozens of Wall Street and City banks clamouring to be involved.Aston Martin, which said in February th
Lockheed Martin delivers first of 3 radars to Latvian military

Lockheed Martin delivers first of 3 radars to Latvian military

Business
March 12 (UPI) -- Lockheed Martin has delivered the first of three radars to Latvia, the company said Monday, calling it "a major step forward in strengthening [the country's] national defense."The TPS-77 Multi-Role Radar, purchased for an undisclosed cost in a 2015 contract, recently completed an on-site acceptance test and will increase the Latvian air force's capacity for low-level flight surveillance and identification, Lockheed Martin said. The company said it has worked with the NATO country on its radar systems for the last 16 years.The radar, which can be easily transported and mounted on a truck, can toggle between multiple missions at once by automatically adjusting during each 360-degree scan.Lockheed Martin added that the TPS-77 MRR uses less power than its predecessors, increa...
FA boss Martin Glenn criticised for ‘offensive’ comments about Pep Guardiola yellow ribbon charge

FA boss Martin Glenn criticised for ‘offensive’ comments about Pep Guardiola yellow ribbon charge

Sports
Martin Glenn has been criticised by the the Jewish Leadership Council for his 'offensive' commentsMonday, March 5, 2018Football Association chief executive Martin Glenn has been criticised for his "ill-judged", "offensive" and "inappropriate" explanation of his organisation's response to Pep Guardiola's yellow ribbon.In trying to justify the FA's decision to charge Guardiola with "wearing a political message", Glenn appeared to equate the Star of David with a swastika.Read Glenn's comments IN FULL here: Pep Guardiola warned by FA chief Martin Glenn over yellow ribbonJewish Leadership Council chief executive Simon Johnson said: "I have no problem with The FA clarifying Rule 4 and specifying that ALL religious symbols are prohibited on a kit if that is the case."But, in explaining ...
Lockheed Martin wins C-5 logistics support contract

Lockheed Martin wins C-5 logistics support contract

Business
Feb. 9 (UPI) -- Lockheed Martin has been awarded a contract for contractor logistics support for the C-5 Galaxy, a military transport aircraft.The deal, announced Thursday by the Department of Defense, is valued at more than $ 6.6 million under an indefinite-delivery, indefinite-quantity contract.The agreement taps Lockheed Martin to provide "supply chain management, repair, and technical support services," the Pentagon said in a press release.Work will occur in Marietta, Ga., and Greenville, S.C., and is expected to be completed in July 2018.The total amount of the contract will be obligated to Lockheed Martin at the time of award from a combination of fiscal 2018 transportation working capital funds and operations and maintenance funds, according to the Defense Department.Let's block ads...