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(Reuters) -Lockheed Martin has won a $17 billion contract to develop the next generation of interceptors to defend the United States against an intercontinental ballistic missile attack, the U.S ...
As we saw in Lockheed Martin's Q2 earnings report, one effect of Space Force's policy has been to improve profit margins 11%, even as revenue grew only 1%, helping to boost operating profit ...
In May 2022, the USAF awarded contracts to L3Harris Technologies, Lockheed Martin and Northrop Grumman to begin the first phase of development for the Stand-in Attack Weapon (SiAW). [3] On 28 September 2023, the USAF awarded a US$705m contract to Northrop Grumman to develop and test the SiAW.
A defense contractor is a business organization or individual that provides products or services to a military or intelligence department of a government.Products typically include military or civilian aircraft, ships, vehicles, weaponry, and electronic systems, while services can include logistics, technical support and training, communications support, and engineering support in cooperation ...
Lockheed Martin and the Submergence Group were awarded the $166 million, 5-year contract to develop and build three DCSs in June 2016. By 2018, the total spent on the submersibles rose to $236 million. [4] The DCS reached initial operational capability in May 2023, with 2 submersibles completed and delivered to the US Navy.
The Pentagon has awarded Lockheed Martin $68.7 million in new defense contracts. Of the three contracts, the largest is a $50.2 million cost-plus-fixed-fee incrementally funded contract to provide ...
In October 2018, the group led by BAE Systems and Lockheed Martin Canada and offering the Type 26, were selected as the preferred design. In February 2019, the design and design team for Canada's future surface combatant had determined and the corresponding contracts were awarded.
The Department of Defense announced 24 new defense contracts Monday, with a combined value of $1.66 billion. For sheer total number of awards won, Lockheed Martin was the clear winner of the day ...