The Latest Breaking News from Lockheed Martin Corp

KULR Receives Follow-On Order From Lockheed Martin

KULR Technology Group Inc (NYSE:KULR) has received a follow-on order for its space-developed phase change material (PCM) heat sink technology from Lockheed Martin Corp (NYSE:LMT). Financial terms were not disclosed. Phase change material heat sink technology reduces system temperature excursions and extends the life of key components within the thermal storage process. "Repeat business like…

Benzinga · Jun 29, 2022

Lockheed Martin's Sikorsky Bags H-60 Black Hawk Helicopter Contract From US Army

Lockheed Martin Corp (NYSE:LMT) company Sikorsky and the U.S. government have entered a five-year contract for a baseline of 120 H-60M Black Hawk helicopters, with options to reach a total of 255 aircraft to be delivered to the U.S. Army and Foreign Military Sales (FMS) customers. The contract value for expected deliveries…

Benzinga · Jun 28, 2022

Pratt & Whitney and Lockheed Martin defend costly and troubled F-35 fighter jet and its engine

The chief financial officers of Raytheon Technologies Corp. and Lockheed Martin Corp. on Wednesday defended the F-35 fighter jet and its engine following another critical government report that said it too often fails to meet targets for mission capable rates.

Tribune News Service · Jun 8, 2022

Lockheed Martin Shares Fall After Q1 Revenue Miss

Lockheed Martin Corp (NYSE:LMT) reported a first-quarter FY22 net sales decline of 8% year-over-year to $14.96 billion, missing the consensus of $15.55 billion. EPS declined to $6.44 from $6.56 in 1Q21, beating the consensus of $6.21. The operating profit decreased by 11.4% Y/Y to $1.93 billion, and the margin contracted by 50 bps…

Benzinga · Apr 19, 2022

MDA Partners With Lockheed Martin, General Motors On Lunar Rover Development

MDA Ltd. (TSX:MDA) (OTC:MDALF) is collaborating with Lockheed Martin Corp (NYSE:LMT) and General Motors Co (NYSE:GM) to integrate its commercial robotic arm technology on their planned human-rated lunar mobility vehicles. "We believe this collaboration will enable all three companies to continue to define the art of the possible, push the boundaries of space innovation, and provide the…

Benzinga · Apr 5, 2022

Lockheed Martin, Intel To Advance 5G-Ready Communications For US, Allied Defense Systems

Lockheed Martin Corp (NYSE:LMT) and Intel Corp (NASDAQ:INTC) established a collaboration to advance 5G-ready communications for the U.S. A memorandum of understanding was signed in late 2021 to expand the ongoing strategic relationship to align 5G-enabled hardware and software solutions for the Department of Defense (DOD). Intel's 5G solutions are integrated into Lockheed Martin's 5G.MIL…

Benzinga · Apr 4, 2022

SpiderOak, Lockheed Martin Enter Space Cybersecurity + Blockchain Collaboration

SpiderOak Mission Systems and Lockheed Martin Corp (NYSE:LMT) Space's Mission Solutions business collaborate for developing and testing a zero-trust cybersecurity platform to secure data across the space data supply chain. The two companies signed an agreement to field key components of the SpiderOak OrbitSecure platform. OrbitSecure is SpiderOak's lightweight software-only solution for ground and…

Benzinga · Mar 29, 2022

Pentagon's $773 billion budget focuses on nuclear arms, R&D

WASHINGTON: President Joe Biden's proposed $773 billion budget for the Defense Department would increase spending on nuclear modernization as well as research and development, while provoking likely opposition in Congress through proposals to cut back on army troops and retire aging Navy ships and Air Force planes.

The Times of India · Mar 29, 2022

Canada Likely To Pick Lockheed Martin For Fighter Jet Contract: Reuters

Canada will announce that Lockheed Martin Corp (NYSE:LMT) is the preferred bidder to supply 88 new fighter jets, a clear sign the U.S. company is set to win the multibillion-dollar contract, reported Reuters. The move suggests that Canada is under pressure to boost defense spending as the war in Ukraine rages. The report…

Benzinga · Mar 28, 2022

Triumph Bags Lockheed Martin Production Contracts

Triumph Group Inc's (NYSE:TGI) operating company Actuation Products & Services secured a multi-year contract from Sikorsky, a Lockheed Martin Corp (NYSE:LMT) company, to produce equipment for the CH-53K helicopter. Financial terms were not disclosed. The strategic follow-on contract will contribute significant work for Triumph's Seattle location. Triumph will provide all equipment for the Main Rotor…

Benzinga · Mar 25, 2022