News That Matters

Tag: Martin

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...
Lockheed Martin to support AEGIS system for Japanese self defense forces

Lockheed Martin to support AEGIS system for Japanese self defense forces

Business
Dec. 18 (UPI) -- Lockheed Martin has been awarded a contract for the AEGIS weapon system by the U.S. Navy for new construction in support of Japan's Maritime Self Defense Force.The deal, announced Friday by the Department of Defense, is worth more than $ 135.8 million under the terms of a cost-plus-incentive-fee, cost-plus-fixed-fee contract.The contract calls for new construction and integration of a DDG AEGIS, which is a centralized, automated, command-and-control weapon system used to rapidly detect and track more than 100 targets at once.Work on the contract will occur in several U.S. states, as well locations in Japan, and is expected to be completed in December 2018.The terms of the deal provide cost reimbursement from the U.S. government that would aid Lockheed Martin on potential c...
Lockheed Martin to develop missile defense tools with Defense Department deal

Lockheed Martin to develop missile defense tools with Defense Department deal

Business
Oct. 20 (UPI) -- Lockheed Martin will develop lower-tier air and missile defense sensor prototypes under a Department of Defense contract.The award is from the Department's Ordnance Technology Consortium, an initiative to facilitate collaboration between the government, industry and academia for technology development. Lockheed Martin did not disclose the contract's value in a release Thursday."Lockheed Martin is ready to leverage our significant experience, Active Electronically Scanned Array (AESA) technology and sensor capabilities in the [lower-tier air and missile defense sensor] concept definition phase to accelerate much needed enhanced capability to the warfighter," Mark Mekker, director of next generation radar systems at Lockheed Martin, said in a statement.Lockheed Martin said i...
Lockheed Martin to invest in Submaran S10 submersible drone

Lockheed Martin to invest in Submaran S10 submersible drone

Business
Sept. 15 (UPI) -- Lockheed Martin is investing in Ocean Aero alongside Teledyne Technologies for the development of the Submaran unmanned maritime vehicle.The Submaran S10 is an autonomous unmanned submarine that is powered by solar and wind energy, giving it virtually unlimited endurance and letting it operate for months at a time. It can raise a small sail that can propel it at over 5 knots to conserve power."Ocean Aero represents the next generation of environmentally powered, autonomous ocean systems," said Chris Moran, executive director and general manager of Lockheed Martin Ventures. "Our investment will allow us to better respond to customers' maritime needs with technology solutions for a diverse set of missions."The Submaran can mount a sophisticated suite of sensors for long-ter...
Lockheed Martin expects F-35 software development to finish by end of 2017

Lockheed Martin expects F-35 software development to finish by end of 2017

Business
July 24 (UPI) -- The F-35 Lightning II is nearing completion of its Systems Development and Demonstration phase as the airframe passes 100,000 hours in flight time, Lockheed Martin announced on Monday.The F-35 Integrated Test Force teams are expected to complete the SDD portion of the jet program by the end of the year, according to Lockheed's F-35 program general manager Jeff Babione."This 100K milestone marks a significant level of maturity for the program and the F-35 weapons system," Babione said in a press release."We are well positioned to complete air vehicle full 3F and mission systems software development by the end of 2017."Lockheed said remaining testing of the systems includes validating 3F software, F-35B ski jump testing and austere site operations, high-speed load testing an...